Full-service broker

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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.
References in periodicals archive ?
THE NATIONAL ASSOCIATION of Securities Dealers, in proposing a rule to redefine what constitutes a branch office for brokers, is favoring large full service brokerages and placing an undue burden on those specializing in life products, according to an official with the American Council of Life Insurers.
"Their business model is that they tend to have a few large branch offices," Wilkerson said of the full service brokerages, adding that life product brokers are more likely to have numerous, geographically dispersed offices of one or two people.