Tips and traps of full service broking
A version (the clean version) of this article appeared on the ASX website in April 2016 written by...me.
TIPS AND TRAPS OF FULL SERVICE BROKING
The key reasons you should use a full service broker are a personal relationship, value-add advice, access to new issues and good administration. if you're not getting that, there's no point.
When I started broking in 1982 there were no personal computers or email, or online broking of course. Everyone used full-service broking. Now if you talk to people about full-service brokers, many will launch into the bad experiences they have had.
There are complaints like no contact, no follow through on an idea/trade, feeling like you are too small a client, feeling like...Continue Reading