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Stock Brokers

A transaction on a stock exchange must be made between two members of the exchange — a typical person may not walk into the New York Stock Exchange (for example), and ask to trade stock. Such an exchange must be done through a stock broker.

There are three types of stockbroking service.

  • Execution-only, which means that the broker will only carry out the client's instructions to buy or sell.
  • Advisory dealing, where the broker advises the client on which shares to buy and sell, but leaves the final decision to the investor.
  • Discretionary dealing, where the stockbroker ascertains the client's investment objectives and then makes all dealing decisions on the client's behalf.

In addition to actually trading stocks for their clients, stock brokers may also offer advice to their clients on which stocks, mutual funds, etc. to buy.

Stock Broker Comparison

Stock Broker TDAmeritrade ShareBuilder E*TRADE Fidelity
Schwab MerryllLynch Scottrade
Account Minimum Information
Cash A/C $2,000 No Min. $1,000 $2,500 No Min. $2,000 $500
Margin A/C $2,000 $2,000 $2,000 $5,000 No Min. N/A $2,000
Retirement A/C $1,000 No Min. No Min. $2,500 No Min.. $250 No Min.
Commission Schedule -- Online Trades
Market Order $9.99 $11.95 $6.99+ $8.00+ $12.95 $29.95 $7.00
Limit Order $9.99 $11.95 $6.99+ $8.00+ $12.95 $29.95 $7.00
Fee Schedule
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Ratings
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Stock Brokers News
07/21/2017
A former stockbroker turned personal trainer tells us why eating 2 meals a day is the best way to lose weight and ... - Yahoo7 News

Yahoo7 News

A former stockbroker turned personal trainer tells us why eating 2 meals a day is the best way to lose weight and ...
Yahoo7 News
Max Lowery was a stockbroker in the City for four years leading a booze-fuelled and sleep deprived life before he became a heath guru. He quit the banking world and went travelling around South America, which is where he accidently fell into ...
What is the 2 Meal Day diet plan? - Business InsiderBusiness Insider UK

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07/19/2017
Stock-Brokerage Industry Enters the Twilight Years - Bloomberg - Bloomberg

Bloomberg

Stock-Brokerage Industry Enters the Twilight Years - Bloomberg
Bloomberg
Technology makes it easier to start an independent firm, while more salespeople shift from earning commissions to charging fees.

and more »
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07/23/2017
Stock-broker industry enters the twilight years | Barry Ritholtz | The ... - Fresno Bee

Fresno Bee

Stock-broker industry enters the twilight years | Barry Ritholtz | The ...
Fresno Bee
Columnist Barry Ritholtz has been predicting death for the brokerage industry for about 20 years. Finally, he thinks he's seeing his forecast come true.

and more »
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