One can even wonder whether it is worth to spend $400 for a single trade, whereas a discount broker can get the same job done for $10.
Trust me there are some of you, who still prefer for a full service broker, in spite of their high rates.
What is That You Get When You Pay for a Full Service Broker? Full service broker can be an added advantage, if you are very new to this world of trading.
But that is not the case if you can read and understand the financial statements, analyze stocks and more importantly have experience in this field.
In the later case, only a person who has to execute the orders is needed and can prefer for a discount broker for the same.
A full service broker provides a range of services and it depends on the firm and the fee you pay them.
A typical full service broker is expected to provide one with the following services.
•Key inputs based on detailed research on stocks and bonds.
With a huge amount of experience in his back, you can expect him to have the best strategy based on an ongoing research on the financial market.
He tracks down each and every high performing stocks / bonds and makes sure you make profit from it.
•Helps with proper retirement planning, by building in the most appropriate strategy based on your income and investment plans.
He knows your financial background very well and would help you in planning for your retirement better than anyone else.
•Would help you in proper planning of tax saving investments.
It is well known that these investments are all inter linked, and he is the one who manages it all, for you.
•Shares his own experience in this field and provides various strategic moves to gain more profit even during crunch times.
There is nothing in this world that comes without experience and it is always good to have someone with such an experience, to guide you through each and every step you keep.
•Provides with opportunities to invest in a certain high performing private equity and hedge funds.
On the other hand, if you were to be an individual investor, you will not have the privilege to invest on these private equities and also hedge funds.
The most important thing to remember is that, with a full service broker you get a reputable person or firm guide you through the entire process.
Even though you might feel that, a full service broker charges you more, at the end of the day it is always better to have an experienced person lead you from the front during the turbulent times.
Else there is every other possibility that you might drown during these difficult situations and might never stand up after a bad hit.
When you sit and think of the services provided by a full service broker, you might prefer him in spite of the fact that he costs more.
Trust me there are some of you, who still prefer for a full service broker, in spite of their high rates.
What is That You Get When You Pay for a Full Service Broker? Full service broker can be an added advantage, if you are very new to this world of trading.
But that is not the case if you can read and understand the financial statements, analyze stocks and more importantly have experience in this field.
In the later case, only a person who has to execute the orders is needed and can prefer for a discount broker for the same.
A full service broker provides a range of services and it depends on the firm and the fee you pay them.
A typical full service broker is expected to provide one with the following services.
•Key inputs based on detailed research on stocks and bonds.
With a huge amount of experience in his back, you can expect him to have the best strategy based on an ongoing research on the financial market.
He tracks down each and every high performing stocks / bonds and makes sure you make profit from it.
•Helps with proper retirement planning, by building in the most appropriate strategy based on your income and investment plans.
He knows your financial background very well and would help you in planning for your retirement better than anyone else.
•Would help you in proper planning of tax saving investments.
It is well known that these investments are all inter linked, and he is the one who manages it all, for you.
•Shares his own experience in this field and provides various strategic moves to gain more profit even during crunch times.
There is nothing in this world that comes without experience and it is always good to have someone with such an experience, to guide you through each and every step you keep.
•Provides with opportunities to invest in a certain high performing private equity and hedge funds.
On the other hand, if you were to be an individual investor, you will not have the privilege to invest on these private equities and also hedge funds.
The most important thing to remember is that, with a full service broker you get a reputable person or firm guide you through the entire process.
Even though you might feel that, a full service broker charges you more, at the end of the day it is always better to have an experienced person lead you from the front during the turbulent times.
Else there is every other possibility that you might drown during these difficult situations and might never stand up after a bad hit.
When you sit and think of the services provided by a full service broker, you might prefer him in spite of the fact that he costs more.
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