A brokerage company sells and buys bonds, stocks, options, and other financial goods on behalf of clients. Brokerages sometimes hire individual brokers to pool resources and provide the best service. Many financial services organisations also offer brokerage houses as part of their broader offerings.
Estate planning, money management, financial counselling, and tax counselling are among the services and products offered by full-service brokerages, often known as traditional brokerages. Brokers aren't just for investing; they also work in the insurance industry. When working with insurance brokers, there are two sorts of agents: captive and independent. Here's a quick overview of each.