Some of the most well-known broker-dealers are Charles Schwab, Morgan Stanley'sE-Trade, and Fidelity. Some of these, like Schwab, are full-scale financial services firms, while E-Trade is primarily an online brokerage firm. Other examples of broker-dealers include LPL Financial, Northwestern Mu...
Market makers are typically large banks or financial institutions. They help to ensure there's enough liquidity in the markets, meaning there's enough volume of trading so trades can be done seamlessly. Without market makers, there would likely be little liquidity. In other words, investors who ...
Prime brokerages are usually larger financial institutions, sometimes referred to as prime brokers, dealing with other major institutions and hedge funds. A prime broker is your institution when you pick up a telephone or log in and place an order on a website. Likewise, the prime broker arran...
Give investment advice that is the best possible advice for the client, rather than just "suitable" Note An RIA's fees are often charged as a percentage of assets under management for something like anindividually managed account. They're paid to the firm directly by the client. ...
Before two or more people agree to open a joint brokerage account, it's important to understand the different ownership options and weigh the pros and cons. While joint brokerage accounts offer several benefits, they also come with specific risks. Here are five key questions to consider ...
WHEN A BANK GETS GOBBLED up by a competitor, customers often end up paying higher fees and are required to keep bigger balances. Airline mergers usually result in higher fares and fewer flights. But so far the consolidation among online brokerages hasn't been too hard on customers. According...
Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content. Read Full Bio» sources Congress.gov. "H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act...
Here are the brokerages that offer free paper trading accounts. Using futures Futures contracts allow players to secure a specific price and protect against the possibility of wild price swings (up or down) ahead. To illustrate how futures work, consider jet fuel: An airline company wanting to...
Business brokers are people who function as the point of communication during the sale of a small business. In most cases...
It's a smart idea to thoroughly read a fund's objective and strategy, investigate what a fund invests in, and research the fund's expense ratio. Many brokerages have internal tools to help you research ETFs (like the Fidelity ETF Screener), and there are also third-party research firms,...