loading...
Question resolved! You can't answer the question
 

Answers

0

Votes

Thumbs up Thumbs down

What Does Full-Service Broker Mean?
A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount brokers. Investopedia explains Full-Service Broker
Full-service brokers sometimes get a bad rap, but they can be extremely useful for their expertise. Remember, they do much more than just place trades; full-service brokers can provide expertise for people who don't have the time to stay up-to-date on complicated issues such as tax or estate planning.

However, for those who just want to execute trades without the extra services, discount brokers are the way to go.

by
Tyce
Tyce
1 year ago

0

Votes

Thumbs up Thumbs down

Full-service brokerage is the most traditional type of brokerage. It offers advice on building portfolios, on the types of securities to buy and sell, and asset allocation. In general, full-service brokerages charge higher commissions in exchange for this advice.

by
Harold
Harold
1 year ago

0

Votes

Thumbs up Thumbs down

A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount brokers.

by
Warren
Warren
1 year ago

0

Votes

Thumbs up Thumbs down

A brokerage which, in addition to executing trades for its clients, also provides them with research and advice. Significantly more expensive than discount brokers, which only execute trades.

by
certicex
certicex
1 year ago