- Joined
- Jul 1, 2017
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I know this is an older thread, but thought it best to add it here and ask my question
my IRAs are at TD Ameritrade and have been with them through one iteration or another for 20 years and never had an issue. I do have someone check in on me as named rep but have told him I am fine as I manage my own investments. Is there something I am missing in not using this rep? I have asked him a couple of questions and gotten quick answers and he did point out that you can only do one rollover out and back into your IRA in a year. I took a lot of out $$ To help my daughter between houses and paid it back in 38 days
The other question I have since I own stocks and funds, what risk is there having only 1 broker vs those of you who have several accounts. My reading of the legal documents is even if they go under, I still own my stocks, Bonds and funds.
I didn't see a reason to diversify brokers or is it because of the different products they sell? Do you get a better deal on Vanguard funds if your money is there?
As a side note, my 401K is with Empower
I believe you get a better deal for trading Vanguard funds, at Vanguard. Trading the ETF at TD (I believe) is now free.
I tend to buy small bits at a time (due to being a nervous "investor") and when I attempted to but a Vanguard fund, I got a warning for a trade cost for a no-load Vanguard fund. Don't hold me to the price (it was a few months ago), I believe it was something like $49 dollars which was too annoying for me to pull the trigger. (I have accounts at both TD and Vanguard, BTW.)