Full-Service Broker
A full-service broker is a financial professional or firm that provides a wide range of investment services to clients. These services typically include personalized financial advice, investment management, retirement planning, and access to various financial products like stocks, bonds, and mutual funds. Full-service brokers often charge higher fees compared to discount brokers due to the comprehensive support they offer.
Clients of full-service brokers benefit from tailored investment strategies and ongoing support. These brokers usually have a team of experts, including financial advisors and analysts, who help clients make informed decisions. This approach is ideal for individuals seeking guidance and a hands-on approach to managing their investments.