Tuesday, February 13, 2007
Changes in Brokerage Firms
Brokerage firms constantly change their rules. There are two changes worth mentioning.
(1) Firstrade
Firstrade is going to cancle its no transaction fee policy on all mutual funds. Starting on February 15, 2007, a $9.95 commission will now apply to No-Load mutual fund trades. This move dropps Firstrade to the bottom of broker list.
(2) WellsTrade
Wells Fargo Investments made a positive move. Starting February 13, 2007, it offers 100 commission-free trades per year for account linked to PMA account, which requires a combined $25,000 balance in all linked accounts. It used to required $250,000 to get 50 commission-free trades. This change sure makes WellsTrade on the top of my list.
(1) Firstrade
Firstrade is going to cancle its no transaction fee policy on all mutual funds. Starting on February 15, 2007, a $9.95 commission will now apply to No-Load mutual fund trades. This move dropps Firstrade to the bottom of broker list.
(2) WellsTrade
Wells Fargo Investments made a positive move. Starting February 13, 2007, it offers 100 commission-free trades per year for account linked to PMA account, which requires a combined $25,000 balance in all linked accounts. It used to required $250,000 to get 50 commission-free trades. This change sure makes WellsTrade on the top of my list.
Labels: Brokerage
# posted by SIMPLE FINANCE @ 10:39 PM 
