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What is the difference between a Full-Service/Broker-Assisted Account and a Self-Directed Account?

April 26, 2017account full-service self-directed

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What is the difference between a Full-Service/Broker-Assisted Account and a Self-Directed Account?

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Full-Service/Broker-Assisted Accounts are appropriate for novice traders and traders who desire a greater level of individual attention from their broker. Self-Directed Accounts are for traders who prefer to make all of their own trade and execution decisions and desire little or no assistance from their broker.