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18 July, 14:08

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

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  1. 18 July, 16:14
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    Identify the differences between a full-service brokerage firm, a discount brokerage firm, and a portfolio manager.

    full-service brokerage firm - provides advice

    discount brokerage firm-is usually online & has lower commissions

    portfolio manager - makes investments on behalf of investors

    Explanation:

    #platofam
  2. 18 July, 16:16
    0
    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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