Scottrade as a custodian
Hey guys,I'm just wondering if any of you are using scottrade as your custodian. Seems like their ticket costs seem unbeateable ($7 dollars per trade) and they don't have any minimum AUM requirements. Here is their website: https://www.scottradeadvisor.com/login.asp Does anyone here have an personal experience with them and can name a few pros and cons? Thanks!
I use Scottrade as a custodian.
Pros:Good customer service, friendly, cheap
Cons: No client reporting software, manual billing,
I’ve been with them a little over a year. They suit my small practice well.
First time poster, long time lurker…
I am also interested in using Scottrade as a custodian, so if anyone else has any stories about them (good or bad), I’d love to hear them.
Intrigued, I sent you a PM.
The guy who started it used to work for EDJ…So what do you use for client reporting software? Billing?
Talked to TradePMR a few days ago, they seem like a good outfit, no AUM requirement, but the ticket charges were a little high(no big deal if you pass onto clients)
Yeah, I talked to TradePMR also, and agree with what you said. I’d like to keep my portfolios low-fee, using mostly index funds and ETFs, so the costs are very important. They were very knowledgeable and helpful, though.