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Should an investor expect to receive advice from a discount broker?
Wiki User
∙ 13y ago
The concept of discount brokerage firms started as a way to reduce the commission rate by eliminating investment counseling, recommendations and other financial strategy services offered by full service firms. The discount broker is simply a facilitator. If you expect to receive any kind of advice or investment guidance, you must expect to pay for it and need to see a full service broker.
That being said, the growth and success of discount brokerages has created tremendous competition and these firms are adding back a lot of services. You will find a lot more info and advice on the brokerage web sites in the form of reports on stocks, market trends and other factors relevant to your investment decisions. It's not the one on one kind of advice of the old days but you can get a little more guidance than you might expect from a low, flat trade rate!
Wiki User
∙ 13y ago
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What most accurately describes the difference between a discount broker and a full-service broker?
Discount brokers don't give investment advice or do stock market analysis
When did the ICAEW introduce their Business Finance Advice scheme?
The ICAEW introduced their Business Finance Advice scheme in 2013. It is an excellent tool for companies as they can receive financial advice and help.
Where could one find discount brokerages?
One could find discount brokerages from financial companies such as Charles Schwab or JP Morgan. These companies offer direct advice at most of their branches as well as information online regarding this matter.
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To get responsible advice about clearing debts one should go to a reputable agency. In the UK the Citizen's Advice Bureau have specialist advisers in this area who will assist you in the process.
Where can one receive a broker discount?
One could find a "broker discount" at a discount brokerage. These brokerages charge clients a significantly lower price than traditional brokerage firms. The drawback to this, however, is that they don't give investment advice.
What are some things one should know before making an online investment?
The first thing you must do is open a brokerage account. The broker will handle your portfolio and give you tips and advice. There are two types of Brokers traditional and discount. The discount broker is for a do-it yourself-type investor. Traditional brokers are a lot more in depth and will usually charge higher on their commission.
Who is a good stock advisor for me?
If you wish the advice of a experienced professional, a full service brokerage firm such as Morgan Stanley, is the right choice for you. If however you are a seasoned investor, a discount brokerage firm such as TD Ameritrade or Fidelity would be a good choice. You make your own selections online, for a very small commission; but do not receive the assistance of a licensed broker.
Stock Investments?
The stock market offers the new investor a way to watch their money grow or lose a bundle. Before getting involved in the stock market the investor should research the market. Start by taking a look at the daily stock reports in local papers. Read as much as possible about the stock market. Then take a class or seminar on stocks. Finally ask the advice of a professional stock broker. This stock advice should protect the new stock investor.
Where can I go online for stock market investing?
To begin in a small way, I would suggest a discount brokerage such as Fidelity or Schwab, for at such firms you can open an account with as little an investment as $250. or so. There are many types of accounts and many options for investing. The difference between a large brokerage and a discount brokerage, is that at a large brokerage such as Morgan Stanley, you will receive advice and pay a larger commission for that advice.
What is the employee discount in Michael Kors?
The Neiman Marcus employee discount is always 30& off...but when special events run it can be up to 60-80% off for employee's only. Wise advice is not to abuse this discount...it is highly enforced.
What is a good source for personal financial advice?
In my opinion, a good source for personal financial advice would be CNN (http://money.cnn.com/pf/) or your investor. As a newly married couple, it might be best to visit an investor to help get the couple set up and started in good, long term investments.
What kind of professional should I seek out for advice on a probate cash advance?
You should talk with a lawyer if you are interested in a probate cash advance. They will determine if you are legally eligible to receive the advance.
Should I hire a start-up consultant to help me build a business plan that I can use to pitch to investors?
Hiring a startup business consultant who has experience in that market can help you gain from their advice and save you time and money which is critical for any startup. They can advise you on the market size and potential for your business idea, advice you on your business and revenue model, prepare a detailed business plan and an investor deck that will help you make a convincing pitch to the investor backed by data and numbers. A detailed, implementable business plan clearly gives the Investor confidence that you have planned for your business. An Investor needs to know the amount they are expected to put in and the period if the business is viable and will it give them the return on Investment. All these key points are addressed in the business plan.
Where can one get advice for filing an insurance claim?
You can receive advice for filing an insurance claim online at websites such as Huffington Post, USAA, and Yahoo! Financial. You can also contact the company you have insurance through and they should help you with the process.
What most accurately describes the difference between a discount broker and a full service broker?
Discount brokers don't give investment advice or do Stock Market analysis
What most accurately describes the difference between a discount broker and full- service broker?
Discount brokers don't give investment advice or do Stock Market analysis
