Getting $$ Out of Investemnt Firm

**lochaven** · 06-29-2010, 03:17 PM

I'm thinking about moving out of an investment firm that is managing a small account I've had a couple of years. I have $28,000 and noticed a recent trasaction, that I approved, selling 319 shares ($5718) and was charged $171 as a Commision and a transaction fee of 10 pennies.

Any ideas or suggestions on the commission charged and my leaning to getting out and doing this myself with on-line trading. I'm CSRS have a sizable TSP which I manage relatively well. I'm also 1 1/2 yrs from retirement at 55 and am gonna do it.

Any other information would also be appreciated.

**tsptalk** · 06-29-2010, 05:07 PM

I use Scottrade. $7 a trade. $171 seems extreme unless they are making you big bucks, but I'm guessing you can do as well yourself.

**Birchtree** · 06-29-2010, 05:17 PM

I use Bank of America Online currently at $7 per trade but will be getting a $5.95 per trade and the first 30 trades per month will be free. They are in the process of adapting the Merrill Edge platform. I've been using their margin and am satisfied with their support mechanisms.