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.
Answer:
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:
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