full-service brokerage firm

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.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

full-service brokerage firm

A brokerage firm that provides a wide range of services and products to its customers, including research and advice. Compare discount brokerage firm.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Full-service brokerage firm.

Full-service brokerage firms usually offer their clients a range of services in addition to executing their buy and sell orders.

These firms usually have full-time research departments and investment analysts who provide information the firm's brokers share with clients.

In addition, some employees of the firm may be qualified to provide investment advice, develop financial plans, or design strategies for meeting financial goals.

Full-service firms tend to charge higher commissions and fees than discount brokerage firms or firms that operate only online. However, some full-service firms offer online services and reduce their fees for transactions handled though a client's online account.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.