Large investment houses are usually vertically integrated,acting as underwriter-dealer-broker and capturing more fees and commissions.

Name: Large investment houses are usually vertically integrated,acting as underwriter-dealer-broker and capturing more fees and commissions.
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Question

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Large investment houses often have all the necessary departments in-house, from underwriting to trading to brokerage, allowing them to capture more fees and commissions for their services.

Large Investment Houses Are Usually Vertically Integrated,acting as Underwriter-Dealer-Broker and Capturing