Question

Which of the following services will be provided by a full-service broker but not by a discount broker?

I. Research of potential investment opportunities
II. Purchase and sale of stock at your request
III. Recommendation of investments
a.
I and III
b.
II only
c.
III only
d.
I, II, and III

Answer 1

a. I and III

Full-service brokers provide research and investment recommendations (I and III). Discount brokers generally only execute buy/sell orders (II).