Brokerage accounts allow you to purchase\u00a0stocks, bonds, mutual funds, and other investments by paying professionals to buy or sell the items. The fee you pay them is called a\u00a0commission. As an investor you own the assets contained in the brokerage account.\r\n\r\nBrokerage accounts are offered by brokerage firms and there are several different types of firms.\u00a0A brokerage firm, often times simply called brokerage, is a financial services business that buy and sell securities such as stocks and bonds to investors. They facilitate the buying and selling of financial securities between a buyer and a seller. Brokerage firms serve a clientele of investors who trade public stocks and other securities.