Does Your Stock Broker Offer These Extras
Written by Rex Casadus on November 5th, 2009 in Investment.
Every broker gives you the option to invest in stocks but it’s equally important to find out the extras that each company offers. Do they have a bank attached? Do they offer free DRIPs?
Those that offer investing tools should be given a first look. These online tools can help you identify and cross check your portfolio for weakness and help you improve on your strategies.
Others are starting to offer credit card services on top of traditional investments with your account. In fact, the best cash back credit cards are actually brokerage firm credit cards. Interesting isn’t it?
Bill pay plus margin broker account equals awesome flexibility. You no longer need to worry too much about cash flow because margin rates are usually so low.
Security tokens are a great way to increase security so if your broker offers this option, it’s a big plus to the offering.
Stock brokers really want you to use their account, so they are going to give you an ATM card and reimburse you any fees that you incur while withdrawing money through ATMs. It’s really convenient.
Some online stock brokers come with physical branches, and may have employees there that can offer investment advices. They also provide face to face technical support should you have any questions with the account.
Dividend reinvestment plans are very common but actually not every broker has this option available for free. Those that don’t usually charge you to buy the stocks, which almost eliminates any advantages it has.
If there is a way to integrate your savings account into the brokerage firm, then it’s a good idea due to the high yield that you could be earning with your money. It’s like a manual sweep account but only that you are earning high interests.
If you ever want to sign up for a new broker account, check out these OptionsHouse promotion code
