I am about to merge three Roth's into one account. Can't decide between Amex or Brown and Co. the value of the account will be close to 80K. Would like to hear pros and cons of both companies from customers of each! Also if their is a better board to post this on would like to know!ThanksTony
>Amex vs. Brown...I'm very happy with my accounts at Brown.Rates are CHEAP, with absolutely no problems in hundreds of trades over the last few years.Our 2nd account at Brown is my wife's IRA,transferred in from another broker. Brownhandled their end of the transfer very well,in spite of major screwups by the OTHER broker,(First Union Securities, which SUCK, IMHO)who was apparently not happy we were transferingthat account to Brown!
I have both my rollover and contributory IRAs at Brown. Never a screwup in over 11 years. I inherited some IDS (now AMEX) fund shares and was definitely NOT happy with a series of "financial advisors" and poor fund performance. Admittedly AMEX as a discount broker is relatively new and I have no experience with them, but if you read this board you will find quite a few screwups. They are just learning how to handle a web site and to manage zillions of accounts generated by offering commission-free trading to larger accounts. I'm sure the account holders get bombarded with literature suggesting an AMEX financial plan and buying their funds, but you likely have a large round file for such. You may read complaints that Brown brokers are rude on the phone, and their tolerance for newbie questions is indeed low. But I haven't talked to a broker in some years, and when I did I asked sensible questions and got quick, accurate answers. Good luck with whatever you decide! Chris
I've used Brown for nearly 4 years for an IRA and a regular account. Never had any problems. I had a friend recommend them and he said they don't like questions. Once their web site was up and running I've never felt any need to call. They generally execute trades instantly. At least by the time I type in the order and go to the transaction screen the trade is there.No experience with AMEX.Jim
Thanks to all! Very helpful. Tony
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