is there a reason to have a bank brokerage account instead of keeping all investments with discount brokers?
we have been using discount / online broker for many years. Not really trading but investing regularly.
I am wondering should we transfer some / all of our "static investment" (stocks, etfs) which we likely never sell to one of the big 5 banks' inhouse brokerage. We are thinking safety (real or perceived) with a brick and mortar institution. We are also contemplating on long term accessibility issues, as we get older in 20-30 years maybe a local, human access point would be beneficial instead of having all online.
so, what do you think? are we having a point here regarding safety? costs? inconvenience having yet again another brokerage account??
I guess this is parallel discussion with daily banking with an online vs big5 bank
I am wondering should we transfer some / all of our "static investment" (stocks, etfs) which we likely never sell to one of the big 5 banks' inhouse brokerage. We are thinking safety (real or perceived) with a brick and mortar institution. We are also contemplating on long term accessibility issues, as we get older in 20-30 years maybe a local, human access point would be beneficial instead of having all online.
so, what do you think? are we having a point here regarding safety? costs? inconvenience having yet again another brokerage account??
I guess this is parallel discussion with daily banking with an online vs big5 bank