Opening A Brokerage Account: Non-traditional Brokerage Houses
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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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