I picked a brokerage firm. I decided to go with Charles Schwab. While their trading fees are higher than most, I was able to join a “household” with my family and incur cost savings as a subdivision of a larger household.
If I were not part of the household, I would have picked ShareBuilder or Scottrade. They had the lowest fees for my investment needs.
A benefit of a full service brokerage like Schwab is their number of funds and investment options. I like ShareBuilder’s cheap automatic investments and no minimum account fee. For a larger brokerage, Scottrade has a low minimum ($500) and lower fees.
Do any of you have a brokerage account? How did you choose?
