Full-service Stockbroker

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This is a stockbroker who usually charges customers higher fees and commissions, but justifies the higher fees by providing "full service." This usually means advice and research on which stocks to buy, and perhaps providing a detailed monthly statement showing the stocks you bought and sold the previous month. In recent years the traditional prominence of full-service stockbrokers has been challenged by discount stockbrokers, who give you fewer services but also charge you less.