Why should you use a full-service broker?

Posted on: 19th February 2022 in Financial Planning

Navigating the complex world of financial services can be difficult without the help of a full-service broker to help you achieve your investment goals. Financial planning allows you to take control of your finances. Planning in advance with the help of a professional adviser reduces the possibility of mistakes that could jeopardise your plans, when you don’t have the necessary knowledge and experience. If you would like to improve your life and build confidence by making the right financial decisions, a full-service broker is an attractive option.

What is a full-service broker?

A full-service broker is a one-stop shop for financial services. Some economists even call it a “financial supermarket” to make it easier to explain. 

A full-service broker is a registered financial broker-dealer firm that offers clients a wide range of services and financial products. Services may include financial planning and guidance, retirement planning, estate planning, tax recommendations, education planning, insurance solutions, currency exchange and more.  

Investors can access such services by contacting providers who sell individual products and services. The one-stop shop approach means that by getting in touch with a full-service broker, you have access to various services that allow you to build the financial plan of your choice. 

Who should be using a full-service broker?

This is an excellent question, with the answer being very simple. An investor that needs to build a financial plan or revisit an existing one should think about contacting a full-service broker and learning more information. 

Some people know their ways around finance and what they need to improve their plans, especially people with a financial background. However, it is not always easy to follow market updates and changes in products and regulations. Being busy with everyday tasks means it’s easy to make a mistake or misjudge a situation that could force you to deviate from your intended financial target. 

The next group of people who could be interested in using a full-service broker are investors without much financial knowledge or experience. This group is the larger one as it includes people who may believe that the old brick and mortar bank is the right place to go when they need some solution to their financial problems. Most of the time, they may not have the right level of knowledge to take the necessary steps so they will turn to more traditional solutions.

Whether you are very busy and don’t have the time or lack the knowledge to manage a financial plan, the financial services one-stop-shop could be a real game-changer as it would enable you to identify new needs and adjust your strategy towards the growth of your assets. 

How can an investor benefit from a full-service broker?

There are many benefits that you can take advantage of when you put your trust in a full-service broker. You can read some of them below:

 All-in-one financial service

There is no need to scan the internet, ask various providers for product details and try to combine services from different providers. Using this option means that you can get every product and service you need in one place whenever you need it without delays or complications. 

Wide range of services

A one-stop shop brings a variety of financial services and investment products to the table. Some of them may be easy to combine to achieve your financial goals, whilst you may get the opportunity to identify other services that hadn’t been a part of your initial plan. Some of the services are tax advice, portfolio management, wealth management, estate planning, investment advice, etc.

Saving time

There is nothing better than having free time to spend with your loved ones, friends and family. Building a financial plan is a time-consuming task, so searching for solutions that will save you time should be a priority. Having all the options ready in one place does exactly that for you, as you don’t have to spend much time in market research to find optimal solutions.

Low brokerage fees

Many people believe that financial advice does not come cheap, as the mega-wealthy historically used wealth management services. However, the increased competition between full-service brokerage firms has changed that. Commissions have been reduced, allowing you to collaborate with the financial advisor of your choice, who will scrutinise your financial situation and assist you in growing your assets.

Experienced financial advisers

A full-service broker is practically a hub of financial services offered by individual providers. In order to provide high-quality services, brokers tend to hire the most experienced financial advisers in the market, gaining a competitive advantage compared to their adversaries. Choosing the right professional adviser makes things much easier for you and your plans.

Fully regulated financial services

One-stop-shops should ensure that their clients receive top quality services, helping them reduce the stress of their important decisions. Full-service firms put a significant effort to be in line with regulatory directives across the world as they intend to satisfy the needs of a large number of clients. Providers that offer their products via the network of a full-service broker require their partners to be fully regulated as they don’t want their customers to fall victims to fraud.

Holborn is your financial services one-stop shop

If you would like to design a solid investment strategy that will help you achieve your goals, Holborn is the only one-stop shop that need. As one of the top full-service brokers in the market since 1998, we hire only the most experienced and fully qualified financial advisers. Combined with a wide variety of products and services offered by the best providers in the world, we are confident that we can help you and your loved ones live the life that you deserve.

Are you interested in reaping the benefits of working with a full-service broker? Get in touch with us today and achieve your financial goals by filling in the contact form.