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My parents opened a Schwab account for me when I graduated from high school. I have stuck with them and have no complaints, the $4.95 fee for stock and ETFs is pretty typical, as is the $29.95 fee for broker-assisted transactions. They have recently updated their pricing which I have to admit is a bit confusing. Mutual funds that are no-load are now $76 to buy (?!) and free to sell which I am not sure I completely understand. Their customer service reps are very responsive and effective. I will continue to stay with Charles Schwab Financial Advisors due ...
  • OOverview
This new division of the online bank Ally has some solid perks for early adopters. When I signed up they were offering a promotion of either a $200 cash at sign up or a credit of $500 against future trades. One thing that I like about the company is their flexibility and responsiveness to client concerns. There used to be a hefty $50 inactivity fee that has luckily been removed. Trades cost $4.95 with a discount to $3.95 for those clients that are making 30+ trades per quarter and have a balance in excess of $100,000. So far, I ...
  • OOverview
The Merrill Edge program is self-directed and the fees are all flat rate with $6.95 for stocks and ETFs and $29.95 when my broker lends his assistance. The brokers are all very well-informed and helpful. As I am typically a buy and hold type of investor I especially appreciate their lack of inactivity and account maintenance fees. There is no set minimum to set up an account and with their trading fees that are pretty standard for the industry, I think that their main strength is the research that they make available to their clients. I am pleased with ...
  • OOverview
When I was ready to invest and looking around at different advisory companies, a few colleagues recommended Vanguard. I chose to work with them due to their low investment threshold (the fund I first bought into required a $3,000 deposit) and the reasonable fees. They also offer a lot of products like options and foreign securities that piqued my interest. Their online reports and investor information are some of the best in the business, in my opinion. Fees for trades are about $20 or so and they did give me my first 25 trades for $7. Their mutual funds ...
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I first became a client of Fidelity in the same way that most people do- my work supplied retirement plan. I have stayed with them because I like that I have the option for $4.95 self-directed trades or paying $29.95 when I work with a broker. The majority of my investments are in my 401K but I do also have a smaller account that I use for trading. While I do conduct the bulk of my trades, there are more than a couple of instances where I prefer to work with a broker advisor to execute the trades. I ...
  • OOverview