What is the definition of a brokerage account?

Answer A brokerage account is when an investor has account at a licensed brokerage firm. It enables the investor to deposit money and place investments.Types of Brokerage AccountThere are several differen... Read More »

Top Q&A For: What is the definition of a brokerage account

How to Set Up a Brokerage Account?

According to Investopedia, a brokerage account is an "arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orde... Read More »

What is a brokerage account?

Brokerage accounts offer investors options for investing their money that can provide higher returns than a bank savings account. However, brokerage accounts involve greater risk and can result in ... Read More »

How much does is it cost to have a brokerage account?

A Wells Fargo WellsTrade standard brokerage account has a monthly service fee of $25.00 and an annual maintenance fee of $50.00. Prime checking accounts (PMA) are free as long as the qualified bala... Read More »

What is a self-directed brokerage account?

A self-directed brokerage account is a type of financial product that allows investors to buy and sell shares of stock at their own discretion. Often, this is done without the assistance of a broke... Read More »