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View Poll Results: Who is your primary broker? Highest % of your assets, but your call...
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AG Edwards
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0 |
0% |
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Ameriprise
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1 |
0.61% |
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Banc of America
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0 |
0% |
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Edward Jones
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0 |
0% |
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E-Trade
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3 |
1.84% |
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Fidelity
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39 |
23.93% |
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Merrill Lynch
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3 |
1.84% |
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Morgan Stanley
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1 |
0.61% |
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Schwab
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29 |
17.79% |
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Scottrade
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2 |
1.23% |
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Smith Barney
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0 |
0% |
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T Rowe Price
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5 |
3.07% |
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TD Ameritrade
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7 |
4.29% |
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UBS
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0 |
0% |
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USAA Brokerage
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3 |
1.84% |
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Vanguard
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52 |
31.90% |
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Wells Fargo/Wachovia
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7 |
4.29% |
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Other
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11 |
6.75% |
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Poll: Who is your primary broker?
12-05-2012, 08:40 AM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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Poll: Who is your primary broker?
[EDIT] My bad. I didn't mean broker/brokerage in strict terms. Wherever most of your assets are, whether in mutual fund accounts or whatever. I'd edit the title if I could, though I don't know what term would have been universally understood.
Seems a few names come up most often here, but I couldn't find a (recent) poll.
Apologies if you fall into 'Other', I just used a list from a recent magazine article/survey that at least had the ones that I seem to hear most often here.
I thought about making it a multiple answer poll, but that could really skew the results. No easy way to get at this that I could figure - so I just used primary broker (I'd define it as highest % of your assets, but I am sure others will have definitions of their own).
Obviously you're under no obligation to disclose your answer(s) by way of reply.
It seems newer members often ask where "we" hold our assets - not that there's one right answer by any means.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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12-05-2012, 09:28 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,346
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More $ in Vanguard but my brokerage is with Wells Fargo
__________________
T.S. Eliot:
Old men ought to be explorers
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12-05-2012, 09:31 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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I have a brokerage account at Vanguard but have never used it. I set it up earlier this year thinking I might buy some Guggenheim BulletShares but held off so far. I'm all in mutual funds for now.
One thing I will mention though. I plan to do a flip in my taxable mutual fund account to step up my basis at 0% capital gains rate between now and year end and I wanted to do two simultaneous transactions of a sell and buy, however you are precluded from doing that even though the money all stays within the fund as a result of the frequent trading rules. The Vanguard rep suggested that I do the sell in the MF account and the buy of the ETF version of the fund in the brokerage account and then transfer the proceeds of the sale in the MF account to the brokerage account to cover the settlement of the buy side as a workaround. The other thing he mentioned is that MF and brokerage accounts will be merged sometime in 2013 so once that happens other than owning the ETF version of the fund it would be seamless.
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12-05-2012, 11:50 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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The ranking of my accounts from high $ to low $ is as follows.
Scottrade > Wells Fargo (DW's 401k custodian) > Ameriprise > Schwab > Treasury (I-bonds) > Vanguard.
Yes, I have a self-directed brokerage account at Ameriprise, and have not even talked to anyone there either. I am perfectly safe there (have been for 15 years), so do not worry about me. 
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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12-05-2012, 12:55 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,146
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Vanguard. Funds only.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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12-05-2012, 01:46 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Mostly Vanguard, although I also have substantial assets in the TSP.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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12-05-2012, 02:32 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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My greatest amount is in the TSP.
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12-05-2012, 02:45 PM
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#8
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Dryer sheet aficionado
Join Date: Jan 2010
Location: Alliance
Posts: 40
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Brokerage account - Interactive Brokers, Ameritrade (stocks only)
IRA - Ameritrade (stocks only)
401K - Merrill Lynch
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12-05-2012, 03:29 PM
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#9
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,356
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Over many years, I've used eight of the firms on this list, plus a few more that are no longer around (Brown and Waterhouse come to mind) as well as Siebert.
With the exception of Brown (which was bought out by E-Trade), I have never been as delighted with anyone's service as I am with Fidelity. They absolutely rock, as far as I'm concerned.
__________________
I thought growing old would take longer.
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12-05-2012, 04:05 PM
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#10
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Recycles dryer sheets
Join Date: Mar 2011
Location: Western Georgia
Posts: 247
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 Quote:
Originally Posted by NW-Bound
The ranking of my accounts from high $ to low $ is as follows.
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TD Ameritrade > Etrade > Vanguard > Fidelity
All brokerage accounts
__________________
Hard to say what it was, when it isn't.
FIRED in 2005 @ 55
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12-05-2012, 04:52 PM
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#11
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Full time employment: Posting here.
Join Date: May 2007
Posts: 984
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TD Ameritrade > TSP
I was with TD Waterhouse for years prior to Ameritrade merger (and satisfied enough to stay with them).
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12-05-2012, 05:04 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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Quote:
Originally Posted by braumeister
I have never been as delighted with anyone's service as I am with Fidelity. They absolutely rock, as far as I'm concerned.
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I won't be quite as effusive, but I will also say that Fidelity is a fine place. I don't trade much, just options quarterly in a Roth, and there there are no fees on the ETF I trade.
The rest is employer tax-deferred accounts that just sit there while everyone cries "WOLF!!".
__________________
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12-05-2012, 08:59 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 2,171
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I was going to vote "other", because most of my assets are in an employee retirement plan. The custodian is Prudential.
If this is for assets outside of employee plans, the answer is Scottrade.
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12-05-2012, 09:45 PM
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#14
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Full time employment: Posting here.
Join Date: Apr 2010
Posts: 717
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__________________
“The problem with the world is that the intelligent people are full of doubt, while the stupid people are full of confidence.”
(—Charles Bukowski)
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12-06-2012, 07:32 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,791
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Quote:
Originally Posted by wanaberetiree
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Does Scottrade offer Vanguard Admiral shares?
I've been using Schwab since I left my full-service (full-fee) broker over 20 years ago (Raymond James, and before them, Merrill-Lynch). I've been happy with Chuck but they don't offer Admiral shares, so I've been considering switching to all Vanguard for a while but haven't gotten off the pot to do it.
I do like Schwab Bank's billpay service, which is likely why I haven't moved. No reason not to keep the bank account, a smallish brokerage account, and move the bulk to VG.
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12-06-2012, 07:46 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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401k and 457b are with Fidelity. Smaller personal account with Vanguard.
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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12-06-2012, 08:09 AM
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#17
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 944
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I am at 70/30 Vanguard/Fidelity. As far as brokerage, I don't need the service - I am with mutual funds only except for some of my old company stock in a 401K with Fido.
__________________
Freed at 49. You only live once - live it
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12-06-2012, 09:05 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Quote:
Originally Posted by GalaxyBoy
Does Scottrade offer Vanguard Admiral shares?
I've been using Schwab since I left my full-service (full-fee) broker over 20 years ago (Raymond James, and before them, Merrill-Lynch). I've been happy with Chuck but they don't offer Admiral shares, so I've been considering switching to all Vanguard for a while but haven't gotten off the pot to do it.
I do like Schwab Bank's billpay service, which is likely why I haven't moved. No reason not to keep the bank account, a smallish brokerage account, and move the bulk to VG.
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Could you just buy the ETF versions of the Vanguard funds you hold at Schwab and accomplish the same thing?
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12-06-2012, 09:09 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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I voted Fidelity, but that is mostly due to our current and former employers using Fidelity for 401ks and the HSA. And they are one of a small handful that DW's employer allows us to maintain a brokerage account with, since she works for a regulated investment bank and they have strict compliance rules for investments.
By choice, our largest amount of assets are at Vanguard, held only in mutual funds.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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12-06-2012, 10:15 AM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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Quote:
Originally Posted by braumeister
Over many years, I've used eight of the firms on this list, plus a few more that are no longer around (Brown and Waterhouse come to mind) as well as Siebert.
With the exception of Brown (which was bought out by E-Trade), I have never been as delighted with anyone's service as I am with Fidelity. They absolutely rock, as far as I'm concerned.
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What are the features you like at Fidelity?
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