Which is better Brokerage or advisory account?
Could you please elaborate on the differences between a brokerage account and an advisory account, and which one might be more suitable for an investor like myself? I'm interested in understanding the pros and cons of each, as well as the level of control and personalization I can expect with each type of account. Additionally, I'd like to know if one is generally considered more cost-effective than the other, and whether there are any specific criteria I should consider when making my decision. Thank you for your insights.