What are Consumer Portfolio Services?

If you are a consumer, chances are that you have heard of Consumer Portfolio Services. They help people buy and sell stocks, bonds, mutual funds, and other securities. But what is a Consumer Portfolio Service? And how are they different from an investment advisor?

Investment advisors are professionals who provide personalized financial advice to clients. They help their clients decide on the best ways for them to invest and grow their money over time, but they can’t do this without gathering specific information about you first. While there’s often a fee associated with an investment advisor, it is usually worth it because of how much more knowledgeable they are than those on the other side of the desk (the broker). These brokers work independently and typically answer phones or give general advice such as “Buy Low Sell High.”

However, since many people have little experience in investing or don’t know what types of investments suit them best – Consumer Portfolio Services offer a great solution that balances between making sure investors get sound guidance from someone with knowledge and expertise, while also making sure they don’t have to pay high fees for that guidance.

Also, consumer portfolio services come with other advantages, such as no account minimums, no transaction fees and low-cost index funds.

In short, these Consumer Portfolio Services are a type of brokerage firm that offers independent investors expert guidance at an affordable price. They offer the best of both worlds: sound guidance from someone with knowledge and expertise in investments without having to pay high broker’s fees as well as lower investor requirements such as not needing a large sum to open an account or trade on their own during market hours. You may have heard about this before but now you know what it is!