How do I find the best investment brokerage for my situation?
As a result of latest advancements on the web and increase in available computing power, most brokerages now offer more and more sophisticated tools to their clients.
Retail and on-line brokerage houses spend millions of dollar on ad campaigns trying to attract as many clients as possible to stay competitive. This trend will continue in 2010 forcing investors to consider many different factors before they sign up with any particular trading shop.
Three major retail and on-line brokerage trends for 2010
Mutual funds industry will continue shrinking and management fees will go down
There are three reasons mutual funds will shade away from retail brokerage:
1. ETFs will expand and take market share from mutual funds more then from equities and derivatives
2. 2008-2009 global credit crisis will drive mutual funds values down across all asset classes
3. Financial advisers and planners will shift to promoting other financial instruments including international equities
Mainstream investors will continue moving to self-service environments to manage their investments
In 2010 investors will continue to become more sophisticated and educated in making decisions on their own.
The main factors in customer acquisition for on-line brokerages will be the following:
1. Reliability and security
2. Free mobile access
3. Simple assets allocation tools
Most brokerage firms will react to this trend by enhancing their offerings through better products,
investment tools, improved ease of use, and stronger customer support.
Evolving Web technologies will finally get adapted and utilized by retail brokerages
New online brokerage technologies have resulted in improved investment recommendations,
better financial planning, and superior client experiences. This
enable financial enterprises provide the following services
1. Social media tools
2. Free educated resources
3. Superior customer service
As Web 2.0 technologies gaining momentum worldwide,
brokerage services will continue putting these technologies in place attracting clients through enhanced user experience.
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Rating methodology and weighting of different factors is based on several criteria. In the order of priorities these factors include the following:
Reliability and security
Investor satisfaction
Customer service
Mobile access and localization
Services distribution
Asset allocation tools
Pricing and transaction costs
Instrument coverage
User experience
Protecting your investment
Regardless of where you money are stored, the only way to protect your retirements
is to make sure that portfolios are diversified according to
your tolerance for risk.
To find a meaningful
asset allocation for your portfolios, use Macroaxis
Portfolio Optimization Engine to diversify
away market risk according to your unique situation and level of risk aversion.
Macroaxis makes no recommendations and does not vouch for or otherwise endorse any of the ratings listed on this page.
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Macroaxis makes no recommendations and does not vouch for or otherwise endorse any of the ratings listed on this page.
