Terms Beginning With 'o'

Omnibus Account

  • January 29, 2020
  • Team Kalkine

An omnibus account, also called an asset management account or a cash management account, is a stockholding account held by merchants and multiple brokers. The merchant or broker holds the stock for various clients and transacts on their holdings, thus making it easier for them to manage accounts for clients. In such a process, the identities of the clients or individual account holders are hidden.

x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK