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Full-Service Broker: Overview, Pros and Cons, FAQ

This excerpt describes the services offered by full-service brokers.<br>

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Full-Service Broker: Overview, Pros and Cons, FAQ

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  1. Full-Service Broker: Overview, Pros and Cons, FAQ `

  2. 01 ` What Is a Full-Service Broker? A full-service broker is a licensed financial broker-dealer firm that provides various services to its clients, including research and advice, tax tips, retirement planning, and more. All of it comes at a price, of course, as commissions at full-service brokerages are higher than those at discount brokers.

  3. 02 ` Understanding Full-Service Brokers Full-service brokers offer customized support and interaction in facilitating trades, managing portfolios, financial planning, and wealth management services for clients. Clients are assigned to individual financial advisors who act as the main point of contact at a full-service brokerage firm.

  4. 03 ` Advantages of Full-Service Brokers Unlike a full-service mortgage broker, a full-service financial advisor has large research departments with analysts that provide proprietary detailed reports and recommendations for clients. They also have investment banking divisions.

  5. 04 ` What Do Full-Service Brokers Charge? A full-service mortgage broker is different from a full-service broker. In any case, the latter charges more fees than a discount brokerage, which will typically only charge you when you make a trade.

  6. 05 ` What Do Full-Service Brokers Do? Full-service brokers provide their clients with a personal approach to investing, whereas a discount broker only provides the tools needed to make trades. Full-service brokers also advise you, help you research, and place the trades for you.

  7. ` Thank You Visit: altfn.com

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