Full-Service
Broker:
Overview,
Pros and
Cons, FAQ
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01
What Is a Full-Service Broker?
A full-service broker is a licensed brokerdealer that provides various services to its
clients, including research and advice,
retirement planning, tax tips, etc. Of course,
this all comes at a price, as commissions at
full-service brokerages are much higher.
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02
Understanding Full-Service
Brokers
Full-service brokers offer customized support
and interaction in facilitating trades,
managing portfolios, financial planning, and
wealth management services for clients.
Clients are assigned to individual
stockbrokers and/or financial advisors.
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03
Advantages of Full-Service
Brokers
A full-service mortgage broker working with
a form has access to large research
departments with analysts that provide
proprietary detailed reports and
recommendations for clients. They also have
investment banking divisions.
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04
What Do Full-Service Brokers
Charge?
A full-service mortgage broker charges more
fees than a discount brokerage, which will
typically only charge you when you make a
trade. Full-service brokers will charge
transaction fees when performing trades,
hourly charges when discussing strategies.
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05
What Do Full-Service Brokers
Do?
Full-service brokers provide their clients
with a personal approach to investing.
Whereas discount brokers provide you the
tools needed to make trades, a full-service
broker advises, helps you research, and
places the trades for you.
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