Full-Service Broker

Full service firms offer “full service” for any financial need you may have. Generally firms will have you meet with a planner to review your complete financial situation. They will then help you build an investment portfolio.
For instance, with estate planning issues, your full-service firm can offer advice as to whether or not you need a trust. Maybe you require another strategy to manage your estate or to make sure your heirs are taken care of in the manner you choose. If you need assistance setting up your will, the firm can refer you to a lawyer to make sure yours will covers all the right financial concerns. You can give your broker the power to take over your accounts if you decide that you just don’t have the time to manage your own portfolio.
Then, he or she will be able to make sales and purchases on your behalf without getting your approval every time. A full-service broker has the research of his firm’s analysts at his fingertips. Your broker can give you their own ideas about which stocks might be good.The bottom line is that full-service brokers should emphasize service.