About victor mader Expertise I`m not a broker therefore I can assure that I earn no monies from my unbiased advice. I usually don`t comment on specific stocks but rather how to avoid getting "taken" by any unethical brokers, financial advisors, etc. I have 35 years of personal experience and stay well informed. My goal is to make you a better informed investor. I`ve been told by several stock brokers that I know more than many registered brokers.
Experience I spend an average of 1-2 hours per day reading about investments and have since 1965. I now have accounts at DLJ and Goldman Sachs, two very fine firms.
Expert: victor mader Date: 2/15/2001 Subject: Brokers and fees
Question I deal in shares quite regularly (around 8 - 12 time a year). I have used Halifax as brokers, but went to James Brearley & Sons instead. They offerred an advisary service and a more professional feel. Unfortunately they have decided to start charging me a bi-annual fee for the privillage of managing my nominee account. Do you have any suggestions as to a broker(s) who charge a more reasonable commission. I was thinking maybe of stretching to internet dealing. Although I am wary of technical failure, etc...
Answer Article in Wall St Journal this week pointing out that many Internet brokers are on verge of folding. If you find one you are considering, check there stock price and you'll get an idea. Makes me think I'd stick with large firms like Fidelity, Schwab (which offers research), Merrill, etc. Also, remember, many times these bigger firms can get you better execution that may make commis. savings less important.
I'm not certain about fees; you'll have to check that out. I don't think Fidelity charges fees however.
