Anthony would like to have his brokerage firm handle more of his financial needs because he has been pleased with the service provided when he bought and sold stocks and bonds. If he explores the services offered by such firms in more depth, he will find that.

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24-11-2021
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Anthony would like to have his brokerage firm handle more of his financial needs because he has been pleased with the service provided when he bought and sold stocks and bonds. If he explores the services offered by such firms in more depth, he will find that.

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Martebi Martebi · Answer 1 · 2021-12-07T15:27:03+01:00

There are firms that handles the financials for people. If he explores the services offered by such firms in more depth, he will find that:

The brokerage firms are becoming serious competitors for banks and other depository institutions by offering high-yield combination savings and checking accounts and money market accounts, as well as certain types of loans.

Brokerage firms often helps individuals or firms in providing some key financial services. A full-service brokerage firm is known to be a brokerage firm that gives a range of financial services and also to gives room for one to buy and sell securities.

They help customers with financial planning services as well as consulting services and also provide trust services and wealth management services.

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Anthony would like to have his brokerage firm handle more of his financial needs because he has been pleased with the service provided when he bought and sold stocks and bonds. If he explores the services offered by such firms in more depth, he will find that:

federal laws prohibit brokerage firms from competing with banks, savings and loan associations, and credit unions.

although brokerage firms can offer some banking services, they typically are less efficient at providing them than banks, because they specialize in buying and selling securities.

brokerage firms are becoming serious competitors for banks and other depository institutions by offering high-yield combination savings and checking accounts and money market accounts, as well as certain types of loans.

although brokerage firms offer attractive banking services, federal law prohibits individual investors from holding both a checking account and a securities account with the same firm.

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