We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Division Of Investment Management

Big bank. It has many divisions. Investment Banking. Brokerage. Sales and Trading for Institutions. Estate Planning. And so on. And then there's a division that actually manages money. Like...Goldman Sachs is all of the above—and they have GSAM, which manages money rather than just moves it, taking a commission along the way.

See: Buyside.

Related or Semi-related Video

Finance: What is a Full-Service Broker?3 Views

00:00

Finance a la shmoop what is a full-service broker? full-service

00:08

"everything" close relative of the bulge bracket remember those guys want

00:14

to trade stocks here at this full service brokerage well you got it [Clipboard appears with checklist]

00:18

how about trading some bonds yep need investment advice hoo you bet we got rap

00:23

accounts here too does it have to be good advice well it's different gonna

00:27

retire well they'll suggest Goodyear or fire stone or Michelin if they're you

00:32

know socialist and European gonna quit working and play golf all day well then [Man playing golf]

00:37

a full service broker has advice for that as well want tax planning yep

00:42

referrals to other professionals like estate planning lawyers and that kind of

00:46

stuff got a kid heading to college in a decade all right well it's time to talk

00:50

529 savings plan got a grandparent dying soon whoo time to talk IRA distributions

00:56

and charity need Warriors tickets yeah what well they're full service they just

01:02

build they'll charge you for it but they're full full something [State Warriors basketball team playing a game]

Find other enlightening terms in Shmoop Finance Genius Bar(f)