Start Investment Club - What are the Responsibilities of Investment Club Officers?

What are the Responsibilities of Investment Club Officers?

Whether you're writing a charter for your investment club, are arguing for the addition or removal of a certain duty from someone's list of things to do for the group, or are campaigning to elect someone in particular to the fore of your club, you should probably have a grasp on what the basic responsibilities of investment club officers are.

First, you need to determine how many officers your group is going to have. At the very least, there should be a president, a vice president, a secretary and a treasurer. You may or may not want to elect more officers, depending upon how many people are in the investment club. We'll outline the basic responsibilities of each standard club officer, which will leave you some room for creativity when it comes to other positions.

Treasurer

The treasurer of an investment club should, as a general rule, keep flawless records of how much members invest and withdraw on a regular basis. These records should be absolutely flawless, as they may come into question in the future. What's more, the treasurer should have access to accounting software that makes it easier for individual club members to make greater contributions and withdraw money based on a ratio of cash contributed versus cash withdrawn.

Secretary

The secretary has one of the most difficult positions in an investment club, and has some of the most varied responsibilities. He or she must record minutes, the information discussed in the group meetings; take attendance, so that no individual member of the club is allowed to slack off and not participate (and so that the other members aren't allowed to let a slacker remain among the fold); and record transactions, which should correlate with the treasurer's recordings of money contributed and money invested.

Vice President

The vice president's responsibilities usually involve educating his or her club about local and federal laws, changes in interest rates, and so on. He or she must also direct the other members of the investment club in their research on individual stocks and properties in which the club may wish to put funding. The vice president is the educational leader, of sorts, of the investment club.

President

The president, as in many organizations, is the figurehead responsible for the group’s direction. He or she must oversee the day-to-day operations of the investment club as a whole, and must also push the group in a positive direction. With leadership comes responsibility. Choosing a president is an important decision, and he or she should have a good repoire with his or her constituents, because if not…well…then the club will be miserable.

Of course, your investment club may choose to run everything by committee…but still, the responsibilities of the officers will be present no matter what the group!

Getting Started