Investor Glossary-full-service brokerageInvestor Glossary-full-service brokerageInvestor Glossary-full-service brokerageInvestor Glossary-full-service brokerageInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Full-service Brokerage

The HTML to link to this page
 

A full-service brokerage offers investment research, tax advice, and retirement planning in addition to providing trading services to clients. The transaction fee for a trade is on average several times higher with the full-service brokerage than with a discount broker, but the higher fee is necessary to pay a commission to the individual stockbroker working at the full-service brokerage. Critics of the full-service brokerage claim that the research, which is provided for free, is not worth the higher commissions. Sell-side research, as it is often called with the full-service brokerage that also engages in underwriting, is produced primarily to further the marketing agenda of the investment banking group. Along with a financial planner and CPA, the discount broker is a viable alternative to the full-service brokerage, without the conflicts of interest. Merrill Lynch is a leading full-service brokerage; other examples include Smith Barney and Morgan Stanley. The full-service brokerage is more often called a full-service broker.



Rate this full-service brokerage definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: average price per share, quality assurance, 144a, VIX, limit order, inflation, labor relations, reverse mortgage, in escrow, diluted share, ex-dividend, wholly-owned subsidiary, APR, deferred tax, FTSE, 1031 exchange, ex-dividend date, per diem, open position, debt service coverage, retained earnings, margin rate, Zero Cost Collar, balance sheet, liquidity ratio, implied volatility, required rate of return, irrevocable trust, 401a, dividends payable, option premium, stock split, real GDP, Key Rate Duration, phantom income, FICO score, annual return, stock market close, 1035 exchange, cancelled check, command economy, EBITDA, deferred revenue, covered put, class C shares, current ratio, LIBOR, risk management, minority interest


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use