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Full-Service Broker
(redirected from Full Service Brokerage Firms)

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Full-service broker
A broker who provides clients an all-inclusive selection of services such as advice on security selection and financial planning.
Full-Service Broker
A brokerage that provides transaction services in addition to research and investment advice. That is, a full-service broker works with clients to determine and execute clients' investment goals; brokers may conduct the transactions the clients direct or they may independently manage portfolios for clients. Full-service brokerage firms provide individual services, and, as a result, charge much higher commissions than discount brokerage firms. However, they are not as exclusive as boutiques.
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Forty-five percent of (continued on top of next column) them were previously at full service brokerage firms and 25% were former do-it-yourself investors, according to the survey.
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