By Vitaliy Katsenelson, CFA
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DEFINITION: What Is a Brokerage Account?
A brokerage account is an investment account held at a licensed brokerage firm. An investor deposits funds into their brokerage account and the brokerage firm transacts orders for investments such as stocks, bonds, mutual funds, and exchange-traded-funds (ETFs) on their behalf. The assets in investment accounts belong to the investors, who normally must report as taxable the income derived from the account.
CITE: https://www.r2library.com/Resource
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READ: Banking Crisis: Is my brokerage account safe?
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Filed under: Breaking News, Career Development, Ethics, Experts Invited, Investing, Op-Editorials | Tagged: brokerage account, brokerage account safety, Cavities Blamed on Patients, Is my brokerage account safe, Vitaliy Katsenelson CFA |
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