ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A stockbroker is a professional with a license who purchases and sells stocks on behalf of the clients. It also offers advice to its clients on which stocks to invest in. The stock broker, in return, makes a commission on whatever items the investor buys.

Detailed explanation-2: -A full-service broker provides clients with personalized financial planning. The umbrella of financial planning covers investment and wealth management, tax planning, retirement planning, real estate planning, and risk management. The full-service broker provides their client with a relationship manager.

Detailed explanation-3: -Services offered Some of its primary services include brokerage services, portfolio management, financial advisory, depository services, Mutual Funds services, and retirement planning. Some basic services such as brokerage, Mutual Funds services, and passive portfolio management.

Detailed explanation-4: -Brokers-also known as trading members-perform a vital function in the stock market. They execute transactions such as the buying and selling of stocks on behalf of their clients. In return for this, they charge a brokerage commission. But stock market brokers provide other services too.

Detailed explanation-5: -A brokerage account allows an investor to deposit funds with a licensed brokerage firm and then buy, hold, and sell a wide variety of investment securities. A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor.