I've finally convinced my club to move to an internet broker
rather than using Edward Jones at $50 a pop. My objectives
are low cost, high consumer confidence, and easy fund
transfer.

I'm leaning toward Ameritrade primarily because they are a
bivio partner. Since I use bivio for our accounting, is it
to my advantage to use Ameritrade rather than someone who is
not a bivio partner?

My other concern is fund transfer. I want to use free ACH
rather than pay to wire if possible. I haven't found a
clear answer of whether this is possible in my research of
Ameritrade.

We bring in $4,000+ each month, and make a buy each month.
Based on my criteria and concerns, is Ameritrade a good fit?
Who else would you recommend looking at?

Thank you!

Fuzzy

David....

Some thoughts for you to consider:

1. What competitors are there? Datek, Suretrade, e-Trade, Quick & Reilly
all come to mind.

2. What services are you interested in?

3. Are any of your club partners also willing to open their own personal
accounts? This would facilitate stock transfers from the partnership to
partners when they withdraw capital.

4. How important is the cost to trade?

5. How easy is it to administer the account? E-trade, for example,
requires a complete new set of signatures each time the partnership's
members change. Do other brokers have club friendly procedures?

6. How easy is it to transfer shares out of the partnership account and at
what cost? Some brokers charge hefty administrative fees.

7. Are you interested in money market accounts with check writing and what
are the limits to checkwriting?

John Munn
Cross Country Investment Club




> Based on my criteria and concerns, is Ameritrade a good fit?
> Who else would you recommend looking at?
>
>