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Finance: What is a Full-Service Broker? 3 Views
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Description:
What is a Full-Service Broker? A full-service broker is an institution that operates as a broker-dealer. They are licensed to do just about anything in the realm of finance beyond buying and selling securities and including providing advice in terms of investing and taxation.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
- Terms and Concepts / Board of Directors
- Terms and Concepts / Bonds
- Terms and Concepts / Careers
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Index Funds
- Terms and Concepts / Investing
- Terms and Concepts / IPO
- Terms and Concepts / Managed Funds
- Terms and Concepts / Mutual Funds
- Terms and Concepts / Regulations
- Terms and Concepts / Stocks
- Terms and Concepts / Tech
- Terms and Concepts / Trading
- Terms and Concepts / Wealth
Transcript
- 00:00
Finance a la shmoop what is a full-service broker? full-service
- 00:08
"everything" close relative of the bulge bracket remember those guys want
- 00:14
to trade stocks here at this full service brokerage well you got it [Clipboard appears with checklist]
- 00:18
how about trading some bonds yep need investment advice hoo you bet we got rap
- 00:23
accounts here too does it have to be good advice well it's different gonna
Full Transcript
- 00:27
retire well they'll suggest Goodyear or fire stone or Michelin if they're you
- 00:32
know socialist and European gonna quit working and play golf all day well then [Man playing golf]
- 00:37
a full service broker has advice for that as well want tax planning yep
- 00:42
referrals to other professionals like estate planning lawyers and that kind of
- 00:46
stuff got a kid heading to college in a decade all right well it's time to talk
- 00:50
529 savings plan got a grandparent dying soon whoo time to talk IRA distributions
- 00:56
and charity need Warriors tickets yeah what well they're full service they just
- 01:02
build they'll charge you for it but they're full full something [State Warriors basketball team playing a game]
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