For most of us, the price savings offered through internet investing is the single biggest reason to switch
from traditional brokerage firms.
A NestWealth client from Port Dover, Ont., Ryan Duffy, moved over
from a traditional brokerage firm that sold him mostly mutual funds «due to my own ignorance.»
Not exact matches
Earlier this year,
traditional brokerage firms launched proprietary digital advice platforms, which have not yet stolen much business
from the upstarts.
A couple of weeks ago, I wrote that Scottrade, my long - time stock broker is about to launch its own flexible dividend reinvestment program, which the
brokerage firm says will be different
from the
traditional dividend reinvestment program (DRIP) that automatically reinvest dividends after they have been received without investors» intervention.
Withdrawal of
brokerage firms from the equity research business + downward pressure on fees + investor reallocation toward index investing have made
traditional active management considerably less lucrative than it was during my working career.
We discussed the genesis of Embroker, how it differs
from a
traditional insurance
brokerage firm, the benefits that technology provides in the process of purchasing or managing insurance, and how this business will impact the overall market for professional services insurance.
The crypto market is «absorbing existing financial resources
from [
traditional] banks and
brokerage firms» as it grows, the news outlet explained.