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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.

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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

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]
Full Transcript