Brokerages

Where to investor your money

Fidelity

Excellent low cost brokerage offering investing and banking services. Currently where I do most of my investing.

Pros

  • Buy any share/ETF in fractional amounts.
  • Early deposit of direct deposits.
  • Unlimited 2% cash back credit card.
  • Cashback automatically deposited into Fidelity account.

Cons

  • App and website are a bit outdated.

Schwab

Low cost brokerage and banking services.

Pros

  • $0 trading for stocks and ETFs
  • Unlimited ATM fee rebates
  • Cashback automatically deposited into Fidelity account.

Cons

  • Doesn't support fractional shares.
  • Can only transfer money between investment and checking accounts during business hours of 7am-7pm.

Vanguard

One of the oldest fund providers who pioneering index based investing. Many Bogleheads swear by it, though I find its customer services and website to be patchy.

Pros

  • Extremely cheap Funds and ETFs
  • $0 trading for stocks and ETFs.
  • Good for managing corporation retirement plans.

Cons

  • Variable to poor customer service.

Merrill Edge

Self directed brokerage from Bank of America.

Pros

  • $0 trading for stocks and ETFs if have a large enough balance.
  • Can be used to maintain Platinum status at Bank of America without having a large cash balance.

Cons

  • Doesn't support fractional shares.