Fee friendly B/ds

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Apr 16, 2010 2:36 pm

A while back someone mentioned that a b/d besides Harbor had a low cost(no transaction charge) feebased accounts(20bp unlimited trading type stuff)... Was that Cambridge??

Apr 16, 2010 5:07 pm

www.bxassetmanagement.com

Apr 17, 2010 8:15 am

[quote=squash2]

A while back someone mentioned that a b/d besides Harbor had a low cost(no transaction charge) feebased accounts(20bp unlimited trading type stuff)... Was that Cambridge??

[/quote]

I think it was

Apr 17, 2010 6:22 pm

Hope you don't mind my adding my own broker to the mix. Capital Guardian - from what I saw - was by far the most fee-friendly (by that I mean flexible) broker dealer with whom I spoke. They have a young, aggressive management group. You might want to consider them.

Apr 18, 2010 10:54 am

Never heard of them... any details you wish to share..

Apr 18, 2010 9:43 pm

[quote=squash2]

Never heard of them... any details you wish to share..

[/quote]

Example: I have a client that has multiple accounts, through multiple households (sons, etc.). Not all of them are larger than $10K, but cumulatively the household is large (million ++). I'm able to use an advisory solution that stretches across all accounts - regardless of size, regardless of contents. Want to exclude individual bonds? Done. 1% flat fee? sure. Bill monthly? Quarterly in arrears? Quarterly in advance? Done.

How do you want to handle additions and subtractions? Multiple options.

Apr 18, 2010 10:02 pm

LockEDJ, thanks for the plug.  I am formerly MrClutch but for some reason this new forum totally screwed me up and I can't log-in to that name anymore.  I am Director of Business Development at Capital Guardian.  Don't hesitate to send me a PM if you want more info or to setup a time to talk.  I also still run a manageable book that is 90% fee, so I can speak from experience when I say that we have a great fee-based platform.  I'm a former PruSec and Smith Barney advisor, so I also have a fair amount of experience on the wirehouse side as well.  BTW, our firm doesn't have the name recognition of some of the larger firms, but if you want a sophisticated platform with a degree of personal service, than we are a great place.

Apr 19, 2010 11:08 am

Got my profile back!!!

Apr 19, 2010 12:52 pm

I guess my concern revolves around my fees(tickets, program, etc) not so much when they get billed...

Apr 19, 2010 1:05 pm

If you have thought about RIA-only, Trade-PMR is a good choice.