Full service brokerage firm vs discount brokerage firm

Asked by maham237 @ 09/01/2021 in Business viewed by 267 People

Identify the differences between a full-service brokerage firm, a discount brokerage firm, and a portfolio manager. provides advice is usually online has lower commissions makes investments on behalf of investors

Answered by maham237 @ 09/01/2021

Answer:

Below you will find the differences between the three roles provided:

• a full-service brokerage firm, provides advice.

• a discount brokerage firm, has lower commissions is usually online.

• a portfolio manager. makes investments on behalf of investors

Explanation:

Usually a Full-service brokerage firm FSBF is a firm that have a large number of services available for its clients. Trading, Financial Planning, Tax advice are some of them. These services are provided for brokers and financial advisors that have presented a series of exams in order to provide them.

The Full-service brokerage firm has a fee that its way higher than a discount brokerage firm. The average cost of the FSBF is $150 per transaction.

A discount brokerage firm is a firm that has lesser services than a FSBF therefore its fee price is lower. Usually is recommended for persons that just want to buy and sell securities without the use of the advice of a professional. The average costs of transaction in these firms is the $10. Usually the services are available in the web page of the brokerage firm.

A portfolio Manager is a person that gives advice and make investment in behalf of a client or number of clients. The Portfolio manager has to pass a series of exams in order to attain its credentials and be legally able to promote its services.

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Asked by maham237 @ 13/01/2021 in Business viewed by 2742 persons

Full service brokerage firm vs discount brokerage firm

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