ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Stockbrokers do not provide investment management advice or portfolio management as part of their basic description. Stockbrokers often earn a commission on a per-trade basis, which may be capped at a fixed rate.

Detailed explanation-2: -Stockbrokers are individuals who buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter, in return for a fee or a commission. Institutional stockbrokers work with fund managers and other financial institutions, but there are also retail investors.

Detailed explanation-3: -Investment advice: Financial advisors offer advice on those investments that fit your style, goals, and risk tolerance and goals, developing an investing strategy and making adjustments as needed.

Detailed explanation-4: -Financial consultants typically advise clients on a range of financial services and decisions, including budgeting, saving for big purchases, retirement planning, investing, and trust and estate planning.