Service Provided by Stock Brokerage Firms
Service Provided by Stock Brokerage Firms OverviewThe service provided by stock brokerage firms is of utmost importance for the investors of the stock markets. The status of an investment in the stock market often depends on the service provided by stock brokerage firms.
Basic Services Provided by Stock Brokerage FirmsThere are two types of stock brokerage firms - the online stock brokerage firms and the off line stock brokerage firms. However both these separate forms of stock brokerage firms provide some basic services. Those services may be listed as below:
Dealing Services Provided by Stock Brokerage FirmsThe stock brokerage firms also provide dealing services to their clients. There are three types of services, provided under this segment. At times the stock brokerage act totally on the instruction of their clients. That means, if the clients ask them to sell a particular stock they would sell it.
Stock Brokerage Firms Advisory Dealing ServicesThe present day stock brokerages also furnish their clients with advisory dealing services. Under this type of service, the brokerage only advises the investors regarding their stocks and their transaction. However, the final decision is taken by the investor himself.
Stock Brokerage Firms Discretionary Dealing ServicesDiscretionary dealing services are also offered by the modern stock brokerage firms. In these cases the brokerages handle all the aspects of the investment of their clients. They evaluate the investment aims of their clients. Based upon these, they carry out the transactions on behalf of the investors.
Stock Brokerage Firm AccountsThe accounts are an important service, offered by the stock brokerage firms to their clients. These accounts are really crucial for the investors, as these accounts keep the investors informed about the state of their investments.
The stock brokerage firms accounts are opened by an investor, after he chooses the stock brokerage firm, that he wants to represent in the stock market and do business on his behalf.