Brokerage Question
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Brokerage Question Why are there options for syncing Brokerages that dont allow clubs or partnerships....We were looking into Sharebuilder for their autmatic investing plan but they dont allow it to be opened up as a partnership. ...only individual or joint...any insight helpful..also any insight on an online bank account that works well...HSBCdirect.com looks pretty good...free bill pay...and a link for a savings account..thanks Good questions, Kevin. I'll be standing by to hear the answers about the brokers that don't allow partnerships. That seems odd.
As for the online bank: If you're going to do that, consider a broker with banking privileges, instead. That will cut down one account. Just make sure to check out the minimum withdrawals. If you can't write a check for less than $200-$500, how would you pay out a partner that decided to leave after a few months?
Lynn Ostrem, VP
Crow River Investment Club
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