starting a small firm need brokerage advice

Discussion in 'Professional Trading' started by mags29464, Aug 8, 2012.

  1. i have about a million is capital and looking for some suggestions when it comes to brokers. Im not an active trader I'm pretty much a value trader with a little acquisition arbitrage thrown in. I've used interactive brokers in the past but dont feel i need all the features interactive has. its seems to be a bit of over kill. all i really need is decent execution and the ability to tender shares. i plan to have 2 accounts, one with leverage and one with out.

    i also need to to easily move money in and out of the account. interactive seemed a little cumbersome when it came to adding or removing money.

    any ideas on structure and brokerages would be greatly appreciated..
  2. Anyone have experience with different brokers?
  3. clerk


    If the cost of money movement operations take a bigger toll on your account than execution+clearing expenses, look at Vanguard Brokerage Services with its free domestic wire distributions.