A brokerage firm which provides analyst reports, investment advice, and information as well as online brokerage services is called a (n) : a) premium discount broker. b) full-service broker. c) basic discount broker. d) electronic broker.

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Business

Michael Lozano

10 December, 01:42

A brokerage firm which provides analyst reports, investment advice, and information as well as online brokerage services is called a (n) : a) premium discount broker. b) full-service broker. c) basic discount broker. d) electronic broker.

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Mckenzie Proctor · Answer 1

B.

Explanation:

A stock broker is an individual usually associated with a stock brokerage firm. Their general job role is the selling of stock (share, securities, options) on behalf of a client via a stock exchange.

Stock brokers often, also give financial advice for institutional, commercial or private clients that they work with in order to counsel their clients on where best to spend their money with a view of gaining the highest financial return.

There are two main types of stock brokers:

-Discount brokers.

-Full service brokers.

Are more expensive to hire and often earn a good amount brokerage, fee, commission. They not only facilitate and undertake stock deals between clients and sellers, but they also provide financial advice and stock advice in order to steer buyers in the right direction to assist them with closing the worthwhile deals.