A DAY IN THE LIFE OF...
JEREMY STUBBS
ADVISORY & DEALING TEAM DIRECTOR AT BROOKS MACDONALD INTERNATIONAL
My typical day will start with my radio coming on at 6.00 a.m. letting me know that it’s time to start getting ready to tackle whatever the day has in store. Careful not to wake my sleeping wife I make my way downstairs to feed the cats, eat a little something and make myself a strong black coffee before catching up on overnight events and the day’s news with CNBC (although other good business channels are available!).
SOME QUESTIONS FOR JEREMY:
Question: What do you do to unwind at the end of a long day? Answer: Once the market is closed it’s a case of sweating the day out on a hockey pitch or a tennis court or another form of physical exercise – a healthy body equals a healthy mind after all. Then it’s back home to relax with my wife usually by doing a spot of cooking, watching some T.V. and generally catching up with each other. Recently there’s also been plenty of home planning such as finishing the nursery and throwing away most of our possessions due to a twin arrival at Christmas!
Question:What do you like the most about being being a stockbroker? Answer: The simple answer is variety. Not only is every day different, keeping you on your toes at all times, but you also get to meet and deal with so many different people. There’s also the fact that things can go from relatively quiet to super busy in the space of seconds.
Question: What do you dislike most about being a stockbroker? Answer: I think that most brokers would agree that the toughest part are the long hours. A 10.5 hour day is standard and of course this can quite often continue into the evening.
Question: How did you become a stockbroker? Answer: I was previously an accountant and looking for a change, so when I heard that there was an opening at a local broker during a hockey social I jumped at the chance.
Question: What advice would you give someone, either just starting their career or midway through their career, who wants to be a stockbroker? Answer: Get qualified if not already and learn to be organised – time management is key. Have confidence in your conviction and learn to take a hit or two - no-one can get it right every time so it’s important to know when you’ve got it wrong and get out.
By 7.00 a.m. I’m at my desk ready to read through company and market news in more detail and see where markets are being called for the open. However, my first priority each day is to ensure that our clients are being serviced to the level that they’ve come to expect from ensuring that we’ve reported all overnight trades to being ready to place orders for the European open and ensuring that we have acknowledged and hopefully answered any queries that may have popped up. I have a great team around me and next we’ll have a desk discussion to share our thoughts and generate ideas for the day. E-mails are then sent out to clients to update them on anything that may be relevant to them and their portfolios and also to share our opinions of what may be looking attractive or not. As well as placing trades, once the market is open, the morning is generally spent reading through research and market updates and calling clients. We’ll also spend time discussing the markets with other parts of our Group so as to gather as much information as possible that we can then pass on to our client base where necessary.
On average at least once a week I’ll have a business lunch with a client (or potential client) to discuss a variety of things such as ways we can help, ways we can improve our service, our thoughts on the markets and sometimes simply to catch up on a more personal level.
The afternoon often follows a similar pattern to the morning but the focus moves more to our friends across the water. Once the European markets close, deal tickets are finalised and other admin duties dealt with before the day is done, usually by 5.30 p.m. However, we are “on call” until the US closes at 9.00 p.m. and so it’s always important that we check emails to ensure any orders are dealt with promptly.
This rounds off my typical day at work but one of the reasons I love my job is that in fact every day is different, so “typical” may not be the most appropriate word!
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