What is a Brokerage Firm? - Definition & Types


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Which type of brokerage firm provides financial planning services?

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1. Which brokerage firm offers all its services over the internet with the lowest commissions?

2. What does a brokerage firm allow you to do that regular banks don't?

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About This Quiz & Worksheet

What services do different types of brokerage firms offer? The questions contained in this quiz/worksheet assessment tool focus on your ability to recognize these services and which brokerage firms offer them.

Quiz & Worksheet Goals

For this assessment, you will need to answer questions about:

  • The type of brokerage that offers financial planning services
  • Which type of brokerage provides its services over the Internet and has the lowest commissions
  • How a brokerage firm differs from a bank
  • The type of brokerage firm offering limited in-person services for a savings in commissions
  • Services provided by an online brokerage firm

Skills Practiced

  • Reading comprehension - ensure that you can draw the most important information from the lesson, such as the services offered by different types of brokerage firms
  • Distinguishing differences - compare brokerage firms and regular banks
  • Information recall - access the knowledge you've gained regarding online brokerage firms

Additional Learning

You can learn more by using the lesson titled What is a Brokerage Firm? - Definition & Types. The lesson discusses:

  • What a brokerage firm is
  • The services offered by a full-service brokerage
  • Things to consider when choosing the right type of brokerage firm