Using full-service brokers to get better access to IPO allocations

Hi there,

I have been reading Hotcopper and a few people there have got large allocations for some IPOs through their full-service brokers.

Anyone else using such brokers for this purpose?

I guess brokerage rates would be higher, but I have read that some people are paying a flat annual fee of a few thousand dollars for unlimited transactions.

I don't do that many transactions myself so wouldn't get the value out if it in this way, but if it gave me a better chance of getting into a good IPO with a meaningful amount invested I might consider it.

Thanks.