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2005 Broker Ratings by www.smartmoney.com/brokers/:
One thing to keep in mind: We based our rankings on the needs of a hypothetical buy-and-hold customer with an account of more than $50,000 who invests in stocks, bonds and mutual funds and wants the ability to write covered calls. That means our top-ranked site would not be the first choice for a day trader or someone who buys only mutual funds.
Full Service Brokers:
Other Full Service: The Bear, Stearns Companies Inc. The Goldman Sachs Group, Inc. J.P. Morgan Securities Linsco/Private Ledger (LPL Financial) Raymond James Financial, Inc. Premium Discount Brokers Barrons rating of online brokers Long-term investing Score 4.5 Fidelity - $10.95/trade 4.5 Charles Schwab - $12.95/trade + $3 handling 4.5 optionsXpress 4.0 TradeKing 3.5 E*Trade TD Waterhouse Vanguard Barrons Best for frequent traders 4.5 thinkorswim 4.5 MB Trading 4.5 TradeStation Securities 4.5 Intractive Brokers Basic Discount Brokers Harrisdirect Muriel Siebert Firstrade Ameritrade optionsXpress BrownCo Scottradewww.institutionalinvestor.com Says:
Lehman Brothers remains the top research firm, according to Institutional Investor magazine's All-America Research Team survey, which has ranked the bank in the top position for the last three years. The global investment bank won 52 team positions, one more than in 2004. Merrill Lynch places second for the second year, with 38 positions; Morgan Stanley bumped up to third, and Bear, Stearns & Co. climbed two spots to fourth place. Citigroup and UBS tied for fifth, while JPMorgan Securities made an impressive gain to seventh, up from ninth place last year.
Posted on October 11, 2005
Broker Survey at EdwardJonesOpportunity.com
Stock Broker reps opinions of their own firms, 2004. They rate firms in 24 categories a few are listed below:
Reviewing the number of arbitration, regulatory and other legal actions initiated against the firms in 2001-2002 and filed by the first quarter of 2003, Weiss found that Merrill Lynch and Morgan Stanley were targets of 120 and 107 actions, respectively.
Record of Investor Abuse by Top Retail Brokerage Firms:
A 2003 survey at sfgate.com had the following:
These firms earned the highest number of StarMine awards (top analyst in an industry) in 2002, including awards for stock picking and earnings estimates overall and by industry.
Morgan Stanley Lehman Bros. UBS Warburg Credit Suisse First Boston Prudential Securities