Full-Service Broker

Full-Service Broker
A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount brokers.

Full-service brokers sometimes get a bad rap, but they can be extremely useful for their expertise. Remember, they do much more than just place trades; full-service brokers can provide expertise for people who don't have the time to stay up-to-date on complicated issues such as tax or estate planning.

However, for those who just want to execute trades without the extra services, discount brokers are the way to go.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • full-service broker — A broker who provides clients an all inclusive selection of services such as advice on security selection and financial planning. Bloomberg Financial Dictionary See broker. * * * full service broker UK US (also full service broker) noun [C] STOCK …   Financial and business terms

  • full-service broker — /fυl ˌsɜ:vɪs brəυkə/ noun a broker who manages portfolios for clients, and gives advice on shares and financial questions in general (as opposed to an execution only broker or discount broker) …   Dictionary of banking and finance

  • broker — A company or individual that executes futures and options orders on behalf of financial and commercial institutions and/or the general public. Chicago Board of Trade glossary An agent who executes trades (buy or sell orders) for customers. He… …   Financial and business terms

  • discount broker — A brokerage house featuring relatively low commission rates in comparison to a full service broker. Bloomberg Financial Dictionary See broker. * * * discount broker discount broker ➔ broker1 * * * discount broker UK US noun [C] ► STOCK MARK …   Financial and business terms

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  • dealing-only broker — /ˌdi:lɪŋ əυnli ˌbrəυkə/ noun a broker who buys and sells shares for clients, but does not provide any advice and does not manage portfolios (as opposed to a full service broker) …   Dictionary of banking and finance

  • Direct-Access Broker — A stockbroker that concentrates on speed and order execution unlike a full service broker that focuses on research and advice. Direct access brokers usually use complicated computer software that allows clients to trade directly with an exchange… …   Investment dictionary

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