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Morgan Stanley Minimum Investment To Open Wealth Management Account

2019 Morgan Stanley minimum investment amount to open wealth management account. Morgan Stanley minimum advisory account balance requirement.

Morgan Stanley Minimum Investment For Wealth Management Account

The minimum investment to qualify for Morgan Stanley Wealth Management account is a very steep $250,000. This amount, however, includes the total balances of a household accounts at Morgan Stanley. All the cash, mutual funds, stocks, bonds, CD鈥檚 in all IRA and taxable accounts are included in this sum. Married couples, domestic partners, and children are used to determine the total of the client鈥檚 accounts.

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If you are trying to figure out how to choose the best online stock trading firm for you, it is not an easy task - there are hundreds of brokerage companies in the United States. Most of them are small, local and unknown beyond their little area. They also tend to be more expensive and offer few investment choices to their customers. But there are also around 30 bigger brokerages firms, that have a lot of clients, and are well known in investing/trading community. So how exactly do you choose the best stock broker for you from the list above? That depends on what kind of investor you are, and what are your goals.

1. Are you beginner in investing?

If you are completely new or semi-new to investing, you need a company that will be very friendly to beginners, providing great customer service, lots of educational materials, easy-to-use trading tools and, preferably, an investment community where you could learn from other, more advanced users, and even get some ideas on how to get started. Read more in Best Brokers For Beginners article.

2. Are you looking for a retirement account?

Investors who want to open a retirement account, tend to look for an established, well-known brokerage house that doesn't have IRA setup and IRA maintenance or annual fees. They also tend not to be very risky with their retirement savings: they invest for long term, and therefore do not trade that much. For them, the cost of trades is not that important. Read more in Top Brokers For IRA article.

3. Are you a conservative, long term, "buy-and-hold" investor, or want to invest only with large brokerage house?

Very similar to retirement investors, customers looking to invest for long term, as well as those who believe in "buy-and-hold" strategy (and that one cannot time the market), will tend to select a company that is not necessarily the cheapest (they don't trade that much), but is large, well-known and have been in business for a while. For you we compiled the list of Largest Brokerage Firms In U.S., consisting of so called "Big 5" brokerages (TD Ameritrade, Etrade, Scottrade, Fidelity and Charles Schwab) and the sixth largest firm - Ally Invest.

4. Are you an active trader or a day-trader?

If you trade often, maybe even daily, then finding a broker that has the lowest commissions and best trading tools is the most important criteria for you. Take a look at the list of Best Brokers For Day-Traders for some ideas.

Scottrade provides much lower commissions on stocks and ETFs than Vanguard Brokerage: $6.95 per trade versus Vanguard's $20 per trade ($7 for the first 25 trades). Vanguard offers customers its own well-known family of low cost mutual funds, and charges $35 per transaction on all other mutual funds. With Scottrade investors are getting over 2,600 commission-free mutual funds, and could buy all others (including Vanguard funds) for just $17 per transaction.

Both companies don't impose IRA setup and annual IRA fees. Scottrade doesn't even have IRA termination fee, which most other online brokers charge, and it is rated as one of the Top Brokers for IRA. The firm is also in our list of Best Brokerages for Beginner Investors, offering tons of learning materials, easy-to-use trading tools, and helpful customer service.

Unlike Vanguard, Scottrade provides over 500 local branches where customers could step by and talk with a representative face-to-face.

Both brokerage firms don't have account inactivity fees and surcharges on large orders. However, Scottrade charges additional commission on stocks priced under $1 (penny stocks), and Vanguard has a $20 annual maintenance fee for regular accounts if balance is less than $50,000.

Because of the lower commissions, which could save thousands of dollars over the years, as well as better customer service and trading tools, we strongly recommend Scottrade to most investors. Vanguard is excellent for customers wanting to invest mainly in Vanguard's own family of mutual funds and ETFs.