broker who provides a wide range of services to clients. Unlike a discount broker, who usually just executes trades, a full-service broker offers advice on which stocks, bonds, commodities, and mutual funds to buy or sell.
broker who provides a wide range of services to clients. Unlike a discount broker who just executes trades, a full-service broker offers advice on which stocks, bonds, commodities, and mutual funds to buy or sell. A full-service broker may also offer an asset management account; advice on financial planning, tax shelters, and income limited partnerships; and new issues of stock. A full-service broker's commissions will be higher than those of a discount broker. The term brokerage is gradually being replaced by variations of the term financial services as the range of services offered by brokers expands.
