Marco. Polo.
A place at your local rec center where a lot of accidents take place. It's also a type of investment fund.
A bunch of people get together and decide they're going to invest together. They set up a partnership, and everyone cuts a check. Now there's a large pool of money to invest. But they never really decided what to invest in.
This situation represents a blind pool. It's a bunch of money that gets gathered together, but with no specific investment goal in mind (at least at the outset).
So why would anyone do it? Sometimes it has to do with the person putting together the fund. It could be a famous investor, or a new fund formed by a well-established firm.
Cousin Jack is a wizard at finance. So, we'll just give him a few thousands of dollars to invest for us...we just want to piggyback on his stock picks. Aunt June, Uncle Perry, Mom, and Elsa Jean all do the same thing. We've just set up a blind pool for Cousin Jack. We don't know what he'll do with the money, but we have a lot of confidence that he'll do a good job.
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Finance: What is a Full-Service Broker?3 Views
Finance a la shmoop what is a full-service broker? full-service
"everything" close relative of the bulge bracket remember those guys want
to trade stocks here at this full service brokerage well you got it [Clipboard appears with checklist]
how about trading some bonds yep need investment advice hoo you bet we got rap
accounts here too does it have to be good advice well it's different gonna
retire well they'll suggest Goodyear or fire stone or Michelin if they're you
know socialist and European gonna quit working and play golf all day well then [Man playing golf]
a full service broker has advice for that as well want tax planning yep
referrals to other professionals like estate planning lawyers and that kind of
stuff got a kid heading to college in a decade all right well it's time to talk
529 savings plan got a grandparent dying soon whoo time to talk IRA distributions
and charity need Warriors tickets yeah what well they're full service they just
build they'll charge you for it but they're full full something [State Warriors basketball team playing a game]
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