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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!
What else can I help you with?
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.
What type of financial advice can I expect to receive from myfinancialadvice.com?
At myfinancialadvice.com, you can expect to receive personalized guidance on budgeting, saving, investing, and planning for your financial goals.
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.
Is this information provided for educational purposes only and should not be considered as investment advice?
Yes, this information is for educational purposes only and should not be considered as investment advice.
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 should I do if I receive a jury duty summons and need legal advice - should I consult with a jury duty attorney?
If you receive a jury duty summons and need legal advice, it is recommended to consult with a lawyer who specializes in jury duty cases. They can provide guidance on your rights and options regarding jury duty.
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 should I do if I receive a DMCA notice from my ISP?
If you receive a DMCA notice from your ISP, you should take it seriously and consider removing the copyrighted content or seeking legal advice. Failure to address the notice could result in further action against you.
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.
What should I do if I receive a copyright infringement notice from Time Warner?
If you receive a copyright infringement notice from Time Warner, you should take it seriously and seek legal advice. It is important to understand your rights and responsibilities in such a situation to avoid potential legal consequences.
What should I do if I receive a fake lawyer letter?
If you receive a fake lawyer letter, you should not respond to it and instead report it to the authorities or seek advice from a legitimate lawyer to handle the situation. It is important to verify the authenticity of the letter before taking any action.
