California, the first state to legalize medical marijuana back in 1996, became even more pot-friendly in 2016 when it made it legal to use and carry up to an ounce of marijuana without a prescription.
A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent âone who acts on behalf of a principal.
A fee instead of commissions. You can allow your portfolio manager to make decisions regarding buying, selling, and holding investments without consulting you. A key difference between an advisory account and a traditional brokerage account is how you pay for the services you receive.