No. of Recommendations: 3
I can't see any reason for using more than one broker period -- on line or otherwise. I can see lots of reasons not to. The only risk that I see is if somehow that broker disappeared with your investments. But the Schwabs of the world have a very different setup than the Bernie Maddoffs.

If I were Gate or Buffet with 40+ billions I might consider more than one, but once you get past the first 200 million, you undoubtedly have hired someone to worry about all that anyway.

Atlanta, GA
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.