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


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