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This article is from the How to Start an
Investment Program tutorial, author unknown.
Opening A Brokerage Account: Non-traditional Brokerage Houses
There are several other avenues for buying securities that I will
mention briefly. Some banks and some insurance companies have
departments that handle securities trading. This may become more
common in the future as stocks become somewhat of a
"commodity" item, but I still find it awkward to discuss
stock purchases with a bank teller. Same with insurance agents. To me,
it's like patients wanting to discuss their recent chiropractic
treatment or their bunion removal in my office. It's just not the
place.
I also read that C.P.A.'s in some states are selling securities
from their accounting offices. While I'm sure there are some C.P.A.'s
out there that are very capable of giving their client's investment
advice, I believe that the potential for a conflict of interest
exceeds the benefits. And with all of the excellent brokerage houses
that specialize in handling securities begging for your business, I
see no good reason to open your account anywhere else.
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investing, mutual funds, index funds, brokerage house, selecting stocks, value stocks, growth stocks, dow jones
