I have reviewed a lot of brokerages throughout the years. All of the reviews have been based on my personal experience with the services. The personal experience and ideas is a main point of what I write about on this site too. I try to spread out my assets between several brokerage accounts, for additional diversification and peace of mind.
Over the past few years, I have opened and maintained an account with Merrill Edge. After a few years of contributions, the balance is set to exceed $50,000 for the first time. Why is that important?
Well for starters, Merrill Edge will provide me with 30 free trades per month, provided that I have at least a $50,000 combined balance between my Merrill Edge brokerage account and my Bank of America checking account. You need to have a Bank of America checking account, in order to take advantage of this bundled deal. When you have a checking account, the fees are waived, as long as you still have at least $50,000 in combined assets. Once you reach $50,000 in assets for three months in a row, you become part of their platinum preferred rewards tier. The value of your stocks, bonds and ETFs/funds counts towards that combined balance calculation.