Some firms have discounts that go beyond their stated rates. A discount broker serves a niche for those who can pick their own stocks, do the reading and just need to trade, said B. Michael Bradley, senior vice president for Wheat First Butcher Singer, a full-commission firm. The main thing with a full-service broker is information you're hiring a consultant for your money. In return for lower commissions, investors give up the benefits of stock-picking advice and investment guidance. W.L. Lyons, a full-commission brokerage.
Many brokerage firms purchase supplemental insurance.
Talk to us.