brokerage

  

Definition

Compensation paid to a broker.

Featured Tip

One Consideration in Building Your Business Model

One way to build a business is to find a market which is divided into categories in which certain feature subsets are unavailable, and to offer that subset. For example, traditional brokerages was divided into deep discount (inexpensive trades, without advice) and full-service (expensive trades, with advice). Although the markets later blended together, there was an opportunity for a service provider to decouple the two features and sell just the advice without the expensive trades.

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