Thursday, March 10, 2011

My choice on brokerage service

Here I don’t intend to promote or endorse any financial brokerage firm’s services, but I would recommend some of the services based on my own experience in using financial brokerage services over last 12 years.


As of today, Zecco Trade has discontinued its free online trades. And so far as I know, Wells Fargo and Bank of America are the only two full-fledging discount brokerage firms that offer free trades for their account holders with certain restrictions.

To meet my personal needs on managing my investment in retirement accounts, I have found that Wells Fargo provides the least costly IRA account service in my case.

If you own more than $25,000 in your combined asset in saving, checking, regular brokerage, and IRA accounts, you can consolidate under Wells Fargo’s banking and brokerage services and then you can have 100 free trades in each of your regular and IRA accounts each year.

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