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How to Choose a Stockbroker

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From Quick Guide: Brokerage Basics

Summary: Choose a stockbroker by finding a brokerage firm that fits your financial goals and preferences. Use a traditional brokerage to get more direction and support or an online brokerage for cheaper trading. Find out more about finding the right stockbroker with advice from a financial consultant in this free video on stockbrokers.

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By John Pinelli
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John Pinelli is an insurance representative for Northwestern Mutual.read more

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Video Transcript

"All right, this is John Pinelli, Financial Representative, and I'm going to be talking to you today about how to choose a stock brokerage firm to invest with. Now, when choosing a brokerage, it's important to choose one that fits will with your individual financial goals and preferences. So if you're looking for something that is going to provide you with more advice, more direction, a little bit better support, then you would go with a traditional brokerage. Some of the more reputable ones, maybe a Morgan Stanley, maybe a Payne Weber. Brokerages out there that are going to provide you with that support. And then if you want something that's going to be cheaper, that's going to provide you with ease of use, then I would choose an online brokerage, such as Scott Trade, TD Ameritrade, E Trade, even Charles Schwab, who offers sort of that middle ground where they're giving you some advice but at the same time they're still fairly discounted, online brokerage. So these are all factors to consider when choosing the brokerage that fits for you. This has been John Pinelli talking to you today about how to choose a stock brokerage."

eHow Article: How to Choose a Stockbroker

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