Fee friendly B/ds
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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??
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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??
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I think it was
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.
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Never heard of them... any details you wish to share..
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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.
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.
I guess my concern revolves around my fees(tickets, program, etc) not so much when they get billed...