| Based in Morris County, New Jersey, The
| |
| | brokerage firms' size of commission,
|
| Daily Record reviews the best brokerage
| |
| | investment products, banking amenities,
|
| firms around the brokerage world. It
| |
| | trading tools, level of research, and
|
| quotes Smart Money Magazine's latest
| |
| | customer service.
|
| survey which placed Fidelity as "Premium
| |
| | And the results - Fidelity, TradeKing,
|
| Broker", TradeKing as "Best Discount
| |
| | and Merrill Lynch as the three #1's. Next
|
| Broker", and Merrill Lynch as "Best
| |
| | to Fidelity in the honor as "Premium
|
| Full-Service Broker".
| |
| | Broker" are E*Trade, Charles Schwab, Banc
|
| Yet, the Daily Record newsroom, headed by
| |
| | of America Investment Services, TD
|
| Warren Boroson, responded that the survey
| |
| | Ameritrade, WellsTrade, and Vanguard.
|
| of these three best brokerage firms may
| |
| | Vanguard, as explained by Smart Money
|
| not be sufficient enough for brokerage
| |
| | came last because it caters to
|
| trackers since it is not suitable for
| |
| | fund-investors instead of
|
| day-traders or those who buy only mutual
| |
| | stock-investors.
|
| funds. Accordingly, Smart Money's survey
| |
| | TradeKing grabbed "Best Discount Broker"
|
| and rankings are based only on
| |
| | although it is only a new-entry discount
|
| buy-and-hold customers who are into
| |
| | broker. Following the lead are Firstrade,
|
| stocks, bonds and mutual funds, those
| |
| | OptionsXpress, Muriel Siebert, Scottrade,
|
| with a $50,000 account, and those who
| |
| | ThinkOrSwim, and WallStreet*E.
|
| want to write covered calls.
| |
| | In the "Best Full-Service Broker",
|
| Nevertheless, the ranking of the best
| |
| | Merrill Lynch is tagged-along by
|
| brokerage firms by Smart Money has still
| |
| | SmithBarney, Edward Jones, A.G. Edwards,
|
| been based according to set quantifiable
| |
| | Wachovia, Morgan Stanley, and UBS.
|
| and qualitative criteria. To determine
| |
| | Merrill Lynch replaced last year's
|
| the best brokerage firms, Smart Money
| |
| | first-place Edward Jones because of the
|
| sent their reliable field reporters to
| |
| | latter's below-average stock-picking.
|
| open brokerage accounts in 14 potential
| |
| | Other special determinants used by Smart
|
| brokerage firms. The reporters bought and
| |
| | Money for their "Best Full-Service
|
| sold different kinds of securities,
| |
| | Broker" aside from the brokerage firm's
|
| questioned the firms' customer service
| |
| | stock-picking are customer satisfaction
|
| through phone and e-mail, checked their
| |
| | and trust and statements.
|
| account statements and tax forms, and
| |
| | Overall, the Daily Record recognizes
|
| reviewed scrutiny on the web sites, as
| |
| | Smart Money's survey of the best
|
| among some of the survey's conducted
| |
| | brokerage firms. These may serve as good
|
| measures.
| |
| | guide for people engaged or deciding to
|
| To note, the Smart Money study also
| |
| | engage in brokerage, and also as good
|
| included supplementary standards to
| |
| | guiding-principle for self-company
|
| further determine the best brokerage
| |
| | assessment of the forerunning brokers
|
| firms more accurately or to come up with
| |
| | themselves. The outcomes of the study at
|
| the best possible approximation through
| |
| | least are good only for this year'06 -
|
| their available means. They included the
| |
| | Just for the record.
|
