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Best Broker for Retirement Services

on Monday, February 29th, 2016

Investing for retirement is about having access to investment guidance, comprehensive research, and fantastic customer service.

Getting started with retirement means first opening a standard retirement account such as a 401k, IRA, SEP IRA, or similar. All of the brokers mentioned above support every retirement account type. Furthermore, all of these brokers support roll overs if you want to transfer assets from a different brokerage.

Next, the question to ask is, “what level of service would I like?” If personal hand holding is not for you and you want to build your own diversified portfolio, Capital One Investing's PortfolioBuilder tool is something to look into, for example. Charles Schwab and Fidelity both lead the industry in research, with TD Ameritrade, Scottrade, and Merrill Edge not too far behind. If passing full control of your portfolio to an investment advisor appeals to you, then any of the brokers will be able to suit your needs.

Stocks: $8.95

Options: $8.95 + $0.75 per contract

Special Offer: Earn over $4,250 in commission-free online trades. Get Details

Stocks: $7.95

Options: $7.95 + $0.75 per contract

Exclusive: Get 300 commission-free trades and 2 years to use them - Learn More

Stocks: $6.95

Options: $6.95 + $0.75 per contract

Special Offer: Invest in a new account and get up to $600 - Learn More Advertisement

Stocks: $7.00

Options: $7.00 + $0.70 per contract

Special Offer: $2,000 in Cash Bonus and 50 Free Trades - Learn More

Stocks: $9.99

Options: $9.99 + $0.75 per contract

Exclusive: Trade free for 90 days + get up to $600 - Learn More
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For clients electing to use an investment advisor and have their portfolio managed professionally, yearly management fees will vary based on the type of service, how actively the account is being managed, and how large the portfolio is. Traditionally, management fees are lowered as clients increase the total assets they have being managed. 

All in all, Fidelity Investments and Charles Schwab are the two undisputed leaders in the retirement space when ranking by total assets. Both firms also have the longest history of being in business and as a result the most experience in providing retirement services. They understand how to cater to the client’s specific needs and help make retirement a prosperous experience.

That said, Merrill Edge, TD Ameritrade, and Scottrade shouldn’t be completely written off. All three brokers provide great research for independent investing, retirement specialists of their own, and high quality client experiences. Merrill Lynch for example, a counterpart to Merrill Edge underneath parent company Bank of America, houses over 15,000 financial advisors.

All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

TD Ameritrade, Inc. and are separate, unaffiliated companies and are not responsible for each other’s services and products. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading privileges subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options. Offer valid for one new Individual, Joint or IRA TD Ameritrade account opened by 9/30/16 and funded within 30 days of account opening with $3,000 or more. To receive $100 bonus, account must be funded with $25,000 or more within 30 days of initial minimum funding. To receive $300 bonus, account must be funded with $100,000 or more within 30 days of initial minimum funding. To receive $600 bonus, account must be funded with $250,000 or more within 30 days of initial minimum funding. Please allow 3-5 business days for any cash deposits to post to account. Offer is not transferable and not valid with internal transfers, accounts using the Amerivest service, TD Ameritrade Institutional accounts, and current TD Ameritrade accounts or with other offers. Qualified commission-free Internet equity, ETF or options orders will be limited to a maximum of 250 and must execute within 90 days of account funding. Contract, exercise, and assignment fees still apply. Limit one offer per client. Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or margin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Please allow 3-5 business days for any cash deposits to post to account. Taxes related to TD Ameritrade offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099. Please consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules. (Offer Code 264) TD Ameritrade Inc., member FINRA/SIPC.. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2016 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission. TD Ameritrade, Inc. (“TD Ameritrade”) has entered into a Marketing Partner Agreement with Reink Media Group, LLC (“Marketing Representative”) whereby TD Ameritrade compensates Marketing Representative for recommending TD Ameritrade as an executing broker. The existence of this Marketing Partner Agreement should not be deemed as an endorsement or recommendation of Marketing Representative by TD Ameritrade and/or any of its affiliated companies. Neither TD Ameritrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Representative or this website. TD Ameritrade does not warrant the accuracy or content of the products or services offered by Marketing Representative or this website. Use of this website and its services and/or products is the decision of and at the discretion of the individual or entity choosing this service and/or product. TD Ameritrade makes no guarantees or warranties of any kind of the products or services offered by Marketing Representative or by or through this website and shall have no liability therefore. Square Logo