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Full-Service Broker




A type of stockbroker who provides more than stock quotes and order execution, including (and not limited to) portfolio planning and management, investment ideas, and researching specific investments.

A broker who provides clients an all-inclusive selection of services, such as investment advice on security selection and financial planning.


Additional Comments:

A full-service broker is a firm like Goldman Sachs or Smith Barney.

They’ll give you advice on what stocks to buy based on their own internal research. For this, you’ll pay a higher commission.

Firms like these will also help you with your financial planning, again all for a higher fee than the discount brokers charge. If you’re looking for a one-on-one relationship and more specific advice on what to buy and sell, a full-service firm may be right for you.

Related Terms:

Discount Broker
A brokerage house featuring relatively low commission rates in comparison to a full-service broker. A brokerage firm ...

Premium Discount Brokers
A premium discount broker could be a firm like Fidelity or Charles Schwab. The commission rates are ...

Brokerage Fees
Whether you buy (and sell) funds or individual securities, the broker you use to execute your ...





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