|
Discount Brokers Free Services
12-17-2016, 10:03 AM
|
#1
|
Recycles dryer sheets
Join Date: Sep 2010
Posts: 77
|
Discount Brokers Free Services
Background -- I use Etrade and TD for various brokerage and retirement accounts ... most of my $ is with Etrade (maybe $1.2MM) but i have $50K with TD. I had switched most of my Etrade $ from TD a couple years ago and took advantage of $1K promotional deal.
With both companies i have a personal account mgr that i call, email and send forms directly to and they channel and make sure they don't get lost and that i filled out correctly. I've used them to run retirement reports for me and in an one instance E Trade mgr set up an account for my friend (without much $), and got a direct deposit going, etc. without going through the normal channels. My lazy and impatient friend would never have went on the site to fill everything out ... so this was of value to me.
I was talking to my TD guy a few days ago and he was offering that they can help me with differing trading and risk management techniques for free ... one example was having me talk to one of their experts on how i can set up bond ladders. I know his interest is getting some that $ back from ETrade but it got me thinking... What are the "valuable" services that you find valuable that i could be getting from Etrade or TD Ameritrade?
I really do like the personal direct contact that i send all my forms through etc. E Trade has proactively given me promotional money for deposits and reduced commissions all without me asking.
What free services or heavily discounted services have you received from discount brokers?
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
12-17-2016, 12:34 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
|
I expect everything to be free at all my discount brokers, so I was trying to come up with something for you.
Finally, I thought of a difference in my brokers:
I want the dividends paid by my shares in some accounts to be automatically sent to my external checking account without me having to do anything once that is set up. That is, I want my cash-sweep account to always be $0.00.
I found a way to do that at Fidelity, but I have not found a way to do that at TDAmeritrade. So I have to manually ACH dividends from TDAmeritrade to my checking account. The plus though is that I can get TDAmerirade dividends to my checking account one day faster than Fidelity can do it automatically for me.
|
|
|
12-17-2016, 12:59 PM
|
#3
|
Full time employment: Posting here.
Join Date: May 2007
Posts: 982
|
TDA does free wire transfers (both directions) and has sometimes provided a few free trades. Most of the Vanguard ETFs I use are commission free at TDA - they do charge a fee if you sell one of these ETFs within 30 days (did that once but they reimbursed my account when I inquired and claimed ignorance).
|
|
|
12-17-2016, 02:49 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,962
|
I have a free, personal advisor at Fidelity.
__________________
"The mountains are calling, and I must go." John Muir
|
|
|
12-17-2016, 04:29 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Ex-Cali
Posts: 1,231
|
Quote:
Originally Posted by DrRoy
I have a free, personal advisor at Fidelity.
|
What does this person do? I have had personal advisors at E and TD and not been overly impressed thus far.
__________________
______________________
The plan was September 1, 2022 and I am 95% there. Still working a few hours a week at the real job.
|
|
|
12-17-2016, 05:07 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,877
|
I'm like the guy in the car commercials that doesn't want any human interaction when it comes to my finances. Unless of course I want or need to talk to a human biological life form.
Years ago my original FIDO handler wanted me to divest into about thirty different mutual funds and I told him, no thanks and I'll take care of it myself.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
|
|
|
12-17-2016, 07:40 PM
|
#7
|
Recycles dryer sheets
Join Date: Sep 2010
Posts: 77
|
Quote:
Originally Posted by LOL!
I expect everything to be free at all my discount brokers, so I was trying to come up with something for you.
Finally, I thought of a difference in my brokers:
I want the dividends paid by my shares in some accounts to be automatically sent to my external checking account without me having to do anything once that is set up. That is, I want my cash-sweep account to always be $0.00.
I found a way to do that at Fidelity, but I have not found a way to do that at TDAmeritrade. So I have to manually ACH dividends from TDAmeritrade to my checking account. The plus though is that I can get TDAmerirade dividends to my checking account one day faster than Fidelity can do it automatically for me.
|
Good idea ... i'll see if i can get E Trade to sweep my $ auto into my checking account. I like that idea.
|
|
|
12-17-2016, 07:41 PM
|
#8
|
Recycles dryer sheets
Join Date: Sep 2010
Posts: 77
|
Anyone have a good free checking account with E Trade or TD? I think i should get rid of my comerica account.
|
|
|
12-17-2016, 08:26 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
|
My no-commission broker is WellsTrade and I have great free checking account with them plus many other perks.
Years ago, TDWaterhouse brokerage was still connected to TDWaterhouse bank and that was our bank, but the two split when Ameritrade bought the brokerage. Otherwise, we would still be banking at TDWaterhouse.
|
|
|
12-17-2016, 09:59 PM
|
#10
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Quote:
Originally Posted by CaliKid
What does this person do? I have had personal advisors at E and TD and not been overly impressed thus far.
|
Mine offers tax advisement tips, lower fee investment recommendations, helped to set up a trust and a tax savings deferred annuity. I find my FIDO rep very helpful.
|
|
|
12-18-2016, 04:10 AM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,962
|
Quote:
Originally Posted by CaliKid
What does this person do? I have had personal advisors at E and TD and not been overly impressed thus far.
|
So far I have not needed much assistance. At our last meeting though, he gave guidance on Roth conversions, and when I want to do that he would help with the calcuations, as well as determining RMS's from tax sheltered accounts. We also discussed specifics on non-equity investments.
__________________
"The mountains are calling, and I must go." John Muir
|
|
|
12-18-2016, 05:42 AM
|
#12
|
Full time employment: Posting here.
Join Date: May 2007
Posts: 982
|
Quote:
Originally Posted by green night
Anyone have a good free checking account with E Trade or TD? I think i should get rid of my comerica account.
|
I use the TD Ameritrade sweep account as a checking account - no fees, free checks. TDA still has a connection with TD Bank - when you put funds in "savings" at TDA, that is held at TD Bank. TDA also has a Visa card (1.5% for all purchases or 1.65% if the rewards are deposited to your TDA account) - the card is through TD Bank.
|
|
|
12-18-2016, 07:43 AM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,863
|
I've had accounts at several brokerages over the years and I have closed all of them except Schwab. Never really had a problem with any of them but Schwab services always seemed to be a "cut above" in my experience. I have had the same FA with Schwab for years but he knows I prefer to self direct/manage so he leaves me alone but is always there if I have a question or need something. Usually, if I have a question I just call the main Schwab number and get to a live person (that speaks native English) and can usually answer my question in a few minutes. Their website is intuitive, fast and accurate with more free features than I'll probably ever use.
|
|
|
12-18-2016, 11:15 AM
|
#14
|
Recycles dryer sheets
Join Date: Sep 2010
Posts: 77
|
Quote:
Originally Posted by Lakedog
I use the TD Ameritrade sweep account as a checking account - no fees, free checks. TDA still has a connection with TD Bank - when you put funds in "savings" at TDA, that is held at TD Bank. TDA also has a Visa card (1.5% for all purchases or 1.65% if the rewards are deposited to your TDA account) - the card is through TD Bank.
|
Good to know ... i might follow this one. No ATM fees from either bank? Do they reimburse you for the ATM that you are receiving $s from? thanks!
|
|
|
12-18-2016, 06:55 PM
|
#15
|
Full time employment: Posting here.
Join Date: May 2007
Posts: 982
|
Quote:
Originally Posted by green night
Good to know ... i might follow this one. No ATM fees from either bank? Do they reimburse you for the ATM that you are receiving $s from? thanks!
|
No ATM fees with TDA - they reimburse fees, although I have only used TD Bank ATMs. I do not have an account directly with TD Bank (other than the Visa), only TDA.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|