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Regions Financial Corporation Message Board

  • tigerpawn tigerpawn Dec 30, 2006 11:23 PM Flag

    amsouth discount brokerage

    wonder why amsouth got rid of there discout brokerage division, seemed like they had a leg up on morgan keegans discount brokerage unit
    any thoughts

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    • I'm not sure if MK even has, or want's, a discount brokerage business. They tend to focus on high net worth portfolios. True, they've gotten a bunch of accounts from the past mergers but most of these are for annuities and IRA's in accounts that don't do a whole lot of trading to begin with.

      • 1 Reply to bigcoldmartini
      • Also...if by 'Discount Brokerage' you are referring to the ability to conduct online trades, I've had this ability in my MK account for years. It's a nice feature but I rarely make use of it. I prefer to contact my financial advisor and have him 'check the math' on all of my investment decisions. Otherwise, I'd just open an e-trade account.

        MK has an excellent in-house research/analysis team and that is one of the things that sets them apart from their competition. I pay more in commissions but my portfolio reflects the wisdom of this 'non-discount' guidance.

        Happy New Year and good luck in your investing.

        Cheers

 
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