What Are the Economic Functions Financial Intermediaries Perform?

A function of the broker dealer is to provide personal service and quality advice to the clients. The broker dealer will need to clearly understand your financial needs and your investment objectives in order to provide appropriate financial advice or recommend the products best suited to your needs. Broker dealers work on a commission basis, in accordance with the level of services provided, the value of the client's assets under management, and the fee structure of each broker dealer.…