B. Riley & Co.
Charles Schwab
E*Trade *
Edward Jones
Fidelity Investments
Morgan Stanley *
Scottrade
TD Ameritrade
Wells Fargo Advisors
Related Sites:
Brokers Ratings
Stock Trading To Go
Online Brokerages will provide a plethora of complimentary investment tools from Real-time Quotes to BUY/SELL Ratings. I like the formats of TD and Scott best.
Now for an opnion about Broker Managed Accounts. We are not In Mutual Funds or any other Broker Managed Fund. We do, however, have Brokers handling assets in larger Holding Portfolios.
If you have Mutuals, your Broker is getting his cut from the management fees. If he is only the Broker for individual stocks, he only makes money when you trade.
- Mutuals are for those who don't want to keep track of their ports and prefer the "diversity" of the holdings within the fund. Not a bad idea if you're satisfied with and annual 6-10%. Even sounds okay until you realize the Gain is BEFORE Taxes and Management Fees.
Anyone with a bit of Market Savvy can create their own "mutual fund" by diversifying their own Ports. Picking a Sector and buying 3-4 Positions in it. You've the control to sell out non performers and replace them.
- Another route some investors choose is to take advice from their Brokers. "Enter at your own risk".
(* we do not have accounts with these brokerages)
