Answer: Full-Service Brokerage Firm
Explanation: Brokerage firms are financial institutions that act as intermediary for buyers and sellers and help in conducting transactions. In addition to buy and sell securities, some brokerage firms also provide with investment assisting and advisory services. These firms charge or take commissions per buy or sell order to obtain their profit.
Full Service Brokerage Firm: In addition to buying and selling assets for their clients, these firms provides with a large variety of financial services. For example these firms provide help with buying bonds and stocks, tax advice, retirement planing guidance, offer proprietary reports and advice and other consulting services. This is an expensive type of brokerage firm. With this, the clients can place their orders over phone and these brokers also provide with face to face services.These firms have large research departments for providing detailed reports to clients. This is how the client's investment needs are conveniently handled.
