Full-Service Broker

Full-Service Broker

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.

Notes:

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. Most people don't have the time to stay up-to-date on complicated issues such as tax or estate planning.

However, if you simply want to execute trades without the extra services, discount brokers are the way to go.

See also: Agent, Analyst, Broker, Broker-Dealer, Commission, Dealer, Discount Broker, Front Running, Maximizer

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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.