Morgan Stanley Minimum Deposit For Wealth Management Account
The minimum investment to qualify for Morgan Stanley Wealth Management account is a very steep $250,000. This amount, however, includes the total
balances of a household accounts at Morgan Stanley. All the cash, mutual funds, stocks, bonds, CD’s in all IRA and taxable accounts are included
in this sum. Married couples, domestic partners, and children are used to determine the total of the client’s accounts.
Continue to Morgan Stanley Wealth Management Review »
Find a Financial Advisor
If you are looking for a professional money management service in your area, you can
find a Financial Advisor on the Wiser Advisor
(or read
Wiser Advisor review).
Try Wiser Advisor
Choosing Online Stock Trading Firm For You
If you are trying to figure out how to choose the best online stock trading firm for you, it is not an easy task - there are hundreds of brokerage
companies in the United States. Most of them are small, local and unknown beyond their little area. They also tend to be more expensive and offer
few investment choices to their customers. But there are also around 30 bigger brokerages firms, that have a lot of clients, and are well known
in investing/trading community. So how exactly do you choose the best stock broker for you from the list above? That depends on what kind of
investor you are, and what are your goals.
1. Are you beginner in investing?
If you are completely new or semi-new to investing, you need a company that will be very friendly to beginners, providing great customer service,
lots of educational materials, easy-to-use trading tools and, preferably, an investment community where you could learn from other, more advanced
users, and even get some ideas on how to get started. Read more in Best Brokers For Beginners article.
2. Are you looking for a retirement account?
Investors who want to open a retirement account, tend to look for an established, well-known brokerage house that doesn't have IRA setup and IRA
maintenance or annual fees. They also tend not to be very risky with their retirement savings: they invest for long term, and therefore do not trade that
much. For them, the cost of trades is not that important. Read more in
Top Brokers For IRA article.
3. Are you a conservative, long term, "buy-and-hold" investor, or want to invest only with large brokerage house?
Very similar to retirement investors, customers looking to invest for long term, as well as those who believe in "buy-and-hold" strategy
(and that one cannot time the market), will tend to select a company that is not necessarily the cheapest (they don't trade that much),
but is large, well-known and have been in business for a while. For you we compiled the list of
largest brokerage firms in U.S.,
consisting of so called "Big 5" brokerages (TD Ameritrade, Etrade, Vanguard, Fidelity and Charles Schwab) and the sixth largest firm - Ally Invest.
4. Are you an active trader or a day-trader?
If you trade often, maybe even daily, then finding a broker that has the lowest commissions and best trading tools is the most important
criteria for you. Take a look at the list of Best Brokers For Day-Traders for some ideas.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
|