A stockbroker or brokerage firm that provides investment advice and related services to clients in addition to facilitating transactions.
Betty uses a full-service broker to assist her with her portfolio selections
Compare with discount broker
Example sentencesExamples
Most investment advisors (or full-service brokers) work for major firms - the Goldman Sachs and Merrill Lynches of the world.
At Merrill Lynch, the nation's largest full-service broker, commissions have fallen 13.9% the past 12 months, to $1.1 billion the first quarter.
This is not a cut-and-dried asset allocation model like you might get from a full-service broker.
They want some professional advice but not the extensive hand-holding that comes with a financial planner or full-service broker.
Many people, myself included, still want full-service brokers.
You'll have the easiest time if you have a big portfolio and use a full-service broker.
A study by Chicago consultant Spectrem Group shows rich investors moving away from full-service brokers.
Got a fat account with a full-service broker?
Full-service brokers earn commissions for each trade made in a customer's account.
A full-service broker solicits business and is paid mostly by commissions.
Derivatives
full-service brokerage
noun
A full-service brokerage will generally charge much more to place a trade and can work on a flat-rate basis, a percentage commission, or a combination of both.
Example sentencesExamples
We have a unique international, full-service brokerage platform with over 6,700 brokers in 55 countries.
One area where full-service brokerages do have a real advantage is in the initial-public-offer market.
Mortgage-backed securities can be purchased at most full-service brokerage firms and some discount brokers.
The report found no significant difference in mobile use between self-directed investors and those who use a full-service brokerage.
Definition of full-service broker in US English:
full-service broker
noun
A stockbroker or brokerage firm that provides investment advice and related services to clients in addition to facilitating transactions.
Betty uses a full-service broker to assist her with her portfolio selections
Compare with discount broker
Example sentencesExamples
This is not a cut-and-dried asset allocation model like you might get from a full-service broker.
At Merrill Lynch, the nation's largest full-service broker, commissions have fallen 13.9% the past 12 months, to $1.1 billion the first quarter.
Many people, myself included, still want full-service brokers.
Most investment advisors (or full-service brokers) work for major firms - the Goldman Sachs and Merrill Lynches of the world.
Full-service brokers earn commissions for each trade made in a customer's account.
You'll have the easiest time if you have a big portfolio and use a full-service broker.
They want some professional advice but not the extensive hand-holding that comes with a financial planner or full-service broker.
Got a fat account with a full-service broker?
A study by Chicago consultant Spectrem Group shows rich investors moving away from full-service brokers.
A full-service broker solicits business and is paid mostly by commissions.