Every investment club needs to work with a broker. No one member of the club is going to be able to provide the constant watch on the markets that is necessary to provide up-to-date information on the stocks that your club may be considering. However, it's a good idea to investigate several brokers, of different types and have the investment club meet to discuss the various options before making any decisions. While many investment clubs will use a full-time broker who guides them and offers advice at the occasional meeting, others prefer to use a discount broker.