Full-service broker(redirected from Full Service Brokerages)
A broker who provides clients an all-inclusive selection of services such as advice on security selection and financial planning.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved