This is somewhat related to the topic about financial advisers. I had one who has closed her business due to illness; she arranged for another firm to take over my account. Just before this happened I had agreed to the account management set-up where she gets 1% of the assets under management. Since the change (six months), I have had no contact other than statements from the new firm. They are stilll taking the fee. Most of my investments are mutual funds, and several are index funds, at that, altho she was helping me to choose some other kinds of investments as well. I really think now that I am paying too much fee for what?
So I was wondering if anyone here could share their experience with firms like Scottrade, Schwab or Ameritrade. Are these the kind of firms that I am looking for, where I can park my holdings without paying big fees and get info when I need to make an investment decision?