Business / Taxes / Full-Service Brokerage Firm: Full-service brokerage firms usually offer their clients a range of services in addition to executing their buy and sell orders. These firms usually have full-time research departments and investment analysts, who provide information the firm's brokers share with clients. In addition, some employees of the firm may be qualified to provide investment advice, develop financial plans, or design strategies for meeting financial goals. Full-service firms tend to charge higher commissions and fees than discount brokerage firms or firms that operate only online. However, some full-service firms offer online services and reduce their fees for transactions handled though a client's online account.
Firm Verb Synonyms: compact, solid, dense, compressed, condensed, concentrated, rigid, stiff, hard, unyielding, inflexible, inelastic
Firm Adjective Synonyms: steady, strong, sturdy, tight, unwavering, unshakable or unshakeable, unswerving
Business / Taxes / Brokerage Account: To buy and sell securities through a broker-dealer or other financial services firm, you establish an account, generally known as a brokerage account, with that firm. In a full-service brokerage firm, MORE
Business / Taxes / Discount Brokerage Firm: Discount brokerage firms charge lower commissions than full-service brokerage firms when they execute investors' buy and sell orders but may provide fewer services to their clients. For example, they MORE