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 ?
For example, discount brokers do not offer such facilities, but full-service brokers do.
Retirement plans are available through both mutual fund companies, such as Putnam, and full-service brokers, such as Fidelity, for example.
In fact, system failures were considered a major risk by 60 percent of full-service brokers. Among deep discounters, 38 percent said system unavailability was the worry most keeping them awake at night.
The rise of stock trading over the Internet is putting heavy pressure on full-service brokers, particularly the smaller ones.
A subsidiary of American Trust & Savings Bank in Whiting, Peerson has six full-service brokers in Whiting and Grown Point.
For five years, state securities regulators have proposed to the SEC that limited-purpose brokers--those affiliated with life insurers--be regulated like full-service brokers, the kind found at a brokerage house such as Merrill Lynch, said Carl Wilkerson, chief counsel for securities with the American Council of Life Insurers.
Opening an account generally costs less and the cost of trades is lower than with full-service brokers. We will have more investment advice for singles in our annual Money Management issue in October.
But it is also true of traditional full-service brokers, who produce the research "in house" and make it available to managers on an informal basis.
I researched online and full-service brokers. I researched the SEC rules for what distinguishes you between a club and a mutual fund."
* Full-Service Brokers. Plain and simple: A stockbroker buys and sells securities (e.g., stocks and bonds) and provides financial advice.
You should buy SPDRs from discount brokerage firms, which charge lower commissions than full-service brokers. And these products are enjoying heavy demand from investors.