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Tag Archives: Commission
The big benefit of discount or online brokerages over traditional full-service brokerages is of course, low cost. Instead of paying a $150 commission to buy $5,000 worth of an exchange traded fund or individual stock, a typical discount brokerage customer pays under $30, and often under $10, provided they have enough money in the account – usually $50,000 or $100,000. MORE
Last year, we told you about a proposal by the Canadian Securities Administrators (CSA) that would require dealers and advisers to report more information about the fees you pay and how your investments perform. Now, an amended proposal with new requirements is out for public comment. MORE
I once worked with a stockbroker who never sat down. I had a clear view into his office from my desk, and every day he would pace around the circumference of his desk for the better part of the day. Headset in tow, he would be on the phone with clients all day long. For him, the number of phone calls he made directly correlated with his income. MORE