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The word ‘omnibus’ refers to one item that contains inside a number of different items. For example, when we say that a book is an omnibus we mean that it contains a collection of stories possibly by different authors. An omnibus account is also one thing that contains a number of different things, but in this case it is investors.
When you choose a stock broker to manage your investments you are taking a risk. This person is usually getting a commission on the basis that they make you money, but there can also be other fees as well. If the stock broker doesn’t really know what they are doing though, they could be losing your money instead of adding to it. There are things you can do to establish if your stock broker actually is all you want them to be.
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