The World of Stockbrokers
The world of stockbrokers is dynamic if nothing else. What seems like just a few years ago, you could divide the pie into two basic pieces: full-service brokers and discount brokers (older readers may remember when there was only one type of stockbroker—full-service with big commissions). What really shook up the world of stockbrokers was the internet and the ability to perform brokerage services online. Prior to the mid-1990s, discount brokers took your order by phone or you went into their offices.