Full service brokers, such as Merrill Lynch, employ teams of analysts who conduct original investment research and make buy and sell recommendations. As a customer of a full service brokerage firm, you will often be notified of these recommendations by your personal stock broker. If you don't want access to the broad range of services provided by a full service brokerage firm, you'll probably want to consider the services of a online broker, commonly referred to as a "discount broker."
A type of stockbroker that provides more than stock quotes, but generally (and not limited to) Portfolio Planning and Management, Investment Ideas, Researching specific investments. Since these brokers provide more than order taking and stock quotes, their commissions are higher.
A broker who will give personalized portfolio advice, but their commission fees are very high.
A broker that provides a variety of brokerage and financial services to clients, including offering advice on investment decisions. Generally full service brokers charge higher commissions than discount brokers who execute trades but do not give any investment advice. See: Broker; Discount Broker; Retail House
A brokerage firm that works for higher commissions to cover the cost of investment research and financial advice given to the client.
A broker that provides a wide range of services for it's clients. A full service broker might offer asset management, limited-partnership investment opportunities, and a host of financial planning services. Expect to pay higher commissions for these services as opposed to a discount brokerage house that just executes transactions for lower commissions. old Mutual Fund A mutual fund that invests into shares of gold mining concerns.
A broker that provides a large variety of services to its clients. These services include 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.
A broker who, in addition to executing trades on a commission basis, provides a wide range of services to clients at no additional cost. Unlike a discount broker, a full-service broker offers investment advice, research and other investment-related services.
