ACAT fees are fees you pay when you switch brokers to transfer your assets from one broker to another. Some brokers, to get your business, will reimburse ACAT fees to a certain extent – usually $50 or $75 and most ACAT fees are in that range…except one. WellsTrade. WellsTrade has one one the highest ACAT [...]
Continue reading →
So you’ve been thinking of switching your online broker. But how does this work? What happens to the stocks you hold? Do you have to sell and re-purchase them? Are there fees involved? Taxes? How to transfer stocks from one broker to another? If you’ve never switched a broker before, fear not. It isn’t that [...]
Continue reading →
Here’s a list of discount brokers and the commissions they charge. I’ve also listed transfer out fees and account minimums. Transfer out fees or ACAT fees are fees brokerages charge when you move your assets to another broker without selling liquidating your securities. ACAT fees are important if you are thinking of just trying out [...]
Continue reading →
Discount stock brokers are dime a dozen. So many have cropped up over the past few years, picking a true low cost broker can be a daunting task. I’ve compared a number of low cost brokers and I noticed one hidden fee that most brokers are not up front about. Say you wanted to try [...]
Continue reading →