Identify the differences between a full-service brokerage firm, a discount brokerage firm, and a portfolio manager.

1.provides advice

2.is usually online

3.has lower commissions

4.makes investments on behalf of investors

discount brokerage =

full-service investment firm =

portfolio manager =

The correct answer is:

Explanation:

A Discount Broker is a stockbroker that does not offer customer investment advice but buys and sells stocks for smaller commissions. The internet caused the growth rate of discount brokers which made trading easier and affordable.

A Full-Service Broker is a licensed broker that offers a wide variety of services rather than only trading with stocks. Besides financial advice, it offers retirement plans, for instance, but commissions tend to be higher.

A Portfolio manager is a person or group of people who are responsible for investing a set of assets including but not limited to mutual funds, exchange-traded funds (ETFs) among others, and they are the ones addressing an investment plan.

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