Hiring the services of a full-service brokerage firm is a critical component of trading; as it can either help you build your financial future or can lead to a fret. Hence, this demands an extreme vigilance in order to get the best possible service. However, finding a good full-service brokerage house is not cumbersome, as it may sound but comprises of a few fundamental steps like research, interrogation and background check.
Today, in this blog we will necessarily discuss the importance of interrogation to the brokerage firm and share 4 most handy questions that you must ask the representatives.
There are times when you cannot acquire all information about a brokerage firm through your research and study, and that’s when you might need to probe a representative of the firm for all your queries to be solved. Now, let’s take a glimpse at those questions.
What services and support do you offer?
Although the term full-service brokerage firm signifies the fact to offer a comprehensive service of trading and investment, yet a few companies withhold some of the most obligatory facilities. So, ask the representative what kind of services and support the company is likely to provide. Mind it, since it is a full-service brokerage firm, you should be entitled to daily market research, market updates, trading assistance, personalised investment advice and a gamut of investment products.
How much do you charge for the services?
A full-service brokerage firm might pinch your pocket a little more than a discount broker, owing to offering a wide range of investment products, services, and support. You need to be sure that the money it is asking is worth or not or it is something beyond the industry standard. Ask the representative about the charges of the firm and if necessary, even ask for the breakups of the fees.
What online tools do you have?
In an age when digital information flows freely across the world, investors are very demanding about online tools to monitor and analyse their portfolios. And why not, when it is so convenient, quick and reasonable to get all the market and portfolio related updates. Ask the company representative what kinds of digital tools the firm offers and whether they are chargeable or not. Better if the tools include real-time access to the investment account since it proffers additional benefits for long-term buy and hold.
How much research do you offer?
Now speaking of research, full-service brokerage firms offer in-house or third-party research to the customers. The research may come in the form of reports on individuals stocks, market updates or analysis of fixed-income yields. So, no matter in what form your brokerage company should offer you the same. Ask the company representative for these research reports, as considered a great source of information for more active and successful investment.
However, after knowing the questions, if your mind has already started working on how to find the best full-service brokerage firm, then you would be happy to know that Narnolia Securities is one such premium full-service brokerage house that offers all the above-stated services and support to its clients.