Full-service broker

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.
References in periodicals archive ?
A healthy number of Hoosier investors still value the advice, personal service and investment direction that they get from a full-service broker.
In order to make the other members feel more comfortable about picking stocks, the group chose to work with a full-service broker who could provide a little hand holding.
It said that, unlike a full-service broker, these administrative actions (following the trade date) should preclude trade date accrual because they represented such a substantial proportion of Schwab's overall activities.
About the same proportion use a full-service broker.
At first, unsure of their investment acumen, the club members emphasized mutual funds and relied upon a full-service broker for advice.
Although they claim less need of hand-holding, we found that nearly 70% of our sample continue to use a professional adviser, who is most likely to be a full-service broker or an independent adviser," Thompson said in a statement.
As different as their approaches are, the paths Thomas and Proctor took lie like a fork in the road that each new investor eventually comes to: do you call your own shots and trade through a discount firm, or is it better to rely upon a full-service broker to handle everything from which stocks and funds you collect to when you buy and sell investments?