A broker who, in addition to executing clients' transactions, offers a full array of brokerage services is:
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A. B. C. D.A
The correct answer is A. Full-service broker.
A full-service broker is a licensed financial professional who provides a wide range of financial services to clients, including investment advice, research, and access to various investment products. They offer a comprehensive array of brokerage services, including transaction execution, financial planning, investment research, and advisory services.
Full-service brokers generally charge higher fees and commissions than discount brokers, reflecting the additional services they provide. They often work with high-net-worth clients or those who require more specialized financial guidance.
Discount brokers, on the other hand, typically offer fewer services and charge lower fees and commissions. They may only execute clients' transactions and provide limited investment advice or research.
Online brokers, as the name suggests, offer their services primarily online. They may provide both full-service and discount brokerage services, depending on the firm and the client's needs.
OTC brokers are brokers who operate in the Over-the-Counter (OTC) market. This is a decentralized market for securities that are not traded on formal exchanges such as the NYSE or Nasdaq. OTC brokers help buyers and sellers trade these securities by matching orders and negotiating prices. OTC brokers typically specialize in specific types of securities, such as stocks or bonds.