No. of Recommendations: 4
I can't see any reason for using more than one broker
That's very unimaginative.

I can see lots of reasons not to.
Such as? Frankly, I can't see many more than a couple of (weak) reasons not to.

A married couple would have a minimum of 7 accounts. One Roth, one IRA, one individual account each, plus one joint account.
I don't see any strong reason why these can't be a different brokers.

A very good reason for multiple brokers is so that you can run different screens in different accounts. The greatly simplifies tracking of your screen performance. The brokers I've used won't let you have more than one account titled the same way, so you've got to use different brokers.

Another reason is that different brokers have different combinations of features and prices. Interactive Brokers has cheap stock commission but an awkward web site for the non-daytrader. Mutual fund commission is very high--they **really** don't want your fund business. Realtime quotes cost $10/mo. Research tools are virtually non-existant.

Etrade has a bank, so you can link your brokerage accounts with checking & saving account and easily move money back and forth instantly. But higher commission. Very good research tools.

Just2Trade and OptionsHouse have low commission, but no banking, and little research tools.
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