My stock broker I've had for about 12 years has switched companies for the second time and would like for me to come over to her new company. She has always done a good job for me. What are the merits for switching to her new company and are there any considerations I should make for staying with the present company? I'm seriously considering switching.

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Posted by Paul Allen

Montauk, NY

Member since Nov 2007

75130 posts

Posted on 6/8/16 at 10:53 pm to Gold Tiger

quote:
stock broker

People still use them?

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Posted by TigerDeBaiter

Member since Dec 2010

10256 posts

Posted on 6/8/16 at 11:20 pm to Gold Tiger

What service(s) does this broker provide you? Simply order execution? Assistance with complex options spreads?

Obviously it's pretty rare to use a live broker these days, so I am genuinely curious. Not belittling.

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Posted by 632627

Member since Dec 2011

12716 posts

Posted on 6/8/16 at 11:26 pm to Paul Allen

quote:
People still use them?

I'm guessing this person is a "financial advisor" and not a stock broker

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Posted by eng08

Member since Jan 2013

5997 posts

Posted on 6/9/16 at 2:31 am to Gold Tiger

Probably will cost you money to switch,

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Posted by iknowmorethanyou

Paydirt

Member since Jul 2007

6545 posts

Posted on 6/9/16 at 2:46 am to Gold Tiger

It's likely a broker dealer block transfer for the rep. Shouldn't cost you a penny. The rep is probably going with a firm that pays them more.

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Posted by Asharad

Tiamat

Member since Dec 2010

5683 posts

Posted on 6/9/16 at 5:40 am to TigerDeBaiter

quote:
What service(s) does this broker provide you? Simply order execution? Assistance with complex options spreads?

Obviously it's pretty rare to use a live broker these days, so I am genuinely curious. Not belittling.

^^^^

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Posted by Janky