ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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full-service brokerage firm
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financial advisor
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investment
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bond
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Detailed explanation-1: -A full-service broker is a licensed financial broker-dealer firm that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more.
Detailed explanation-2: -Brokers do still handle these orders for some clients, but most have expanded their professional role to encompass additional services, such as personal investment management. Many brokers are also registered as investment advisers.
Detailed explanation-3: -Financial planners, bankers, and brokers can often provide investment advice for short-and long-term financial goals. Always ask for a financial advisor’s qualifications before making any suggested investments.
Detailed explanation-4: -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.