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 ?
As a result, full-service brokerage firms and inter-dealer brokers are migrating in greater numbers toward automated trading platforms and digitizing back-office operations, a trend that will likely pick up steam over the next few years.
It is also believed that assets at full-service brokerage firms such as Bank of America Corp Merrill Lynch (NYSE: BAC), Morgan Stanley Smith Barney (NYSE: MS) and UBS AG (NYSE: UBS) would decline by USD189bn this year.
Widely recognized as one of the leading full-service brokerage firms in New Jersey, Binswanger/ Klatskin closed some of the largest transactions of the year on behalf of its prestigious client list.
Full-service brokerage firms are expected to increase their sales of annuities in the next five years above historical rates, while sales by career life insurance agents and independent life agents will decline, according to a survey by Limra International and McKinsey & Co.
She observed the New York full-service brokerage firms are also coming across the Hudson to open offices.