One of the mysteries of the English language finally explained.
A stockbroker or brokerage firm that provides investment advice and related services to clients in addition to facilitating transactions.‘Betty uses a full-service broker to assist her with her portfolio selections’Compare with discount broker
- ‘Most investment advisors (or full-service brokers) work for major firms - the Goldman Sachs and Merrill Lynches of the world.’
- ‘Many people, myself included, still want full-service brokers.’
- ‘Full-service brokers earn commissions for each trade made in a customer's account.’
- ‘They want some professional advice but not the extensive hand-holding that comes with a financial planner or full-service broker.’
- ‘Got a fat account with a full-service broker?’
- ‘You'll have the easiest time if you have a big portfolio and use a full-service broker.’
- ‘A full-service broker solicits business and is paid mostly by commissions.’
- ‘This is not a cut-and-dried asset allocation model like you might get from a full-service broker.’
- ‘At Merrill Lynch, the nation's largest full-service broker, commissions have fallen 13.9% the past 12 months, to $1.1 billion the first quarter.’
- ‘A study by Chicago consultant Spectrem Group shows rich investors moving away from full-service brokers.’
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