Brokerage firms that not only assist in trades but also have research staffs that analyze firms and make recommendations about which stocks to buy or sell are called:
A) discount brokerage firms
B) full service brokerage firms
C) investment banking firms
D) stock advisory brokers

Question

Quizplus · Accepted Answer

Full service brokerage firms provide not only trading assistance but also have research staffs that analyze firms and make recommendations about which stocks to buy or sell. Discount brokerage firms solely provide trading assistance while investment banking firms are primarily focused on underwriting securities and raising financial capital for corporations. Stock advisory brokers may provide recommendations, but they are not full-service firms.

Brokerage Firms That Not Only Assist in Trades but Also