Business and Personal Finance Dictionary

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• FULL-SERVICE BROKERAGE FIRM
  
  Full-service brokerage firms usually offer their clients a range of services in addition to executing buy and sell orders. For example, they may provide investment advice, help in developing a financial plan, or strategies for meeting financial goals. They usually have access to full-time research departments and investment analysts to provide information they share with clients. However, in exchange for providing these services, these firms tend to charge higher commissions and fees than discount or online brokerage firms.
  
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