Describe the types of services offered by brokerage firms, and discuss the criteria for selecting a suitable
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Stockbrokers help investors buy and sell securities Besides this major role full service stockbrokers provide clients with several other benefits For example most brokerage firms offer their clients a wide variety of information Many of them have research staffs who periodically review published economic market industry or company behavior forecasts and make recommendations to their clients as to which securities they should buy or sell Every month they mail investors a record of transactions for that month with a total ending balance Some brokerage firms also make arrangements to transfer funds from the sale of securities directly to an investors savings account where the funds can earn interest Many brokers have reference libraries that clients can use to research securities They can provide up to the minute stock price quotations Many brokerage firms will also hold certificates for safekeeping to protect against loss The major role of a stockbroker ...View the full answer
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Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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