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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.

Language:
English Language

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]

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