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Robinhood or E*Trade vs. Schwab
Could anyone who uses either Robinhood or E*Trade (with JP Morgan) please comment on their experience with either of these brokers? Our club transitioned from Ameritrade to Schwab in November and we are not comfortable with the changes.

Specifically, Are these brokers, Investment Club friendly? How difficult was it to set up the Club account? Are their monthly statements easy to read and interpret? Any useful comments are welcome!

Thanks in advance!

Gary
Treasurer, Sidney Investment Club

We've used e-trade since our club started in 1997. the transition to JP Morgan has been seamless. We can still write our e-trade checks - to cover expenses or pay a partial withdrawal. We have not tried transferring stock between members related to a member withdrawal.

We have all our members do automatic monthly deposits. Our account pairs well with Bivio accounting software. Monthly statements are easy to read and thus far have matched with our Bivio account with rare exceptions. I can't speak to whether Morgan Stanley is friendly to new clubs but they haven't tried to throw us out or make anything difficult to date.

Barbara

Treasurer, San Diego Women's Investment Club

From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of GARY SERGIO via bivio.com <user*35169000001@bivio.com>
Date: Friday, May 17, 2024 at 8:09
 AM
To: club_cafe@bivio.com <club_cafe@bivio.com>
Subject: [club_cafe] Robinhood or E*Trade vs. Schwab

Could anyone who uses either Robinhood or E*Trade (with JP Morgan) please comment on their experience with either of these brokers?  Our club transitioned from Ameritrade to Schwab in November and we are not comfortable with the changes.

Specifically, Are these brokers, Investment Club friendly?  How difficult was it to set up the Club account? Are their monthly statements easy to read and interpret?  Any useful comments are welcome!

Thanks in advance!

Gary
Treasurer, Sidney Investment Club

Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary
What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary
Our club uses Schwab and we are pleased with their service.

On Tue, Jun 4, 2024, 6:42 AM Rich Spina via bivio.com <user*38371000001@bivio.com> wrote:
What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary
We are happy with Fidelity.

On Jun 4, 2024, at 6:42 AM, Rich Spina via bivio.com <user*38371000001@bivio.com> wrote:

What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary

We just moved to Fidelity and are very happy so far. 
... Myra

On Jun 4, 2024, at 7:36 AM, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:

We are happy with Fidelity.

On Jun 4, 2024, at 6:42 AM, Rich Spina via bivio.com <user*38371000001@bivio.com> wrote:

What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary

Fidelity is great! 
Sent from my iPhone

On Jun 4, 2024, at 6:55 AM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:

 We just moved to Fidelity and are very happy so far. 
... Myra

On Jun 4, 2024, at 7:36 AM, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:

We are happy with Fidelity.

On Jun 4, 2024, at 6:42 AM, Rich Spina via bivio.com <user*38371000001@bivio.com> wrote:

What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary

My club is in the process of transferring from Schwab to E*Trade. They appear to be club friendly and have told us we can transfer stock to withdrawing members. I personally have used E*Trade for over 20 years and have never had any problems with the company. When they were purchased by Morgan Stanley a couple of years ago, I noticed no changes except that they assigned a new longer account number. Kathy

On Jun 4, 2024, at 6:58 AM, Tracy, Molly M via bivio.com <user*40992200001@bivio.com> wrote:

Fidelity is great! 
Sent from my iPhone

On Jun 4, 2024, at 6:55 AM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:

 We just moved to Fidelity and are very happy so far. 
... Myra

On Jun 4, 2024, at 7:36 AM, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:

We are happy with Fidelity.

On Jun 4, 2024, at 6:42 AM, Rich Spina via bivio.com <user*38371000001@bivio.com> wrote:

What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary


My club is also looking for a new broker. Has anybody joined E-trade recently and we're you able to get checks?


On Tue, Jun 4, 2024, 2:02 PM Kathy McGovern via bivio.com <user*18459000001@bivio.com> wrote:
My club is in the process of transferring from Schwab to E*Trade. They appear to be club friendly and have told us we can transfer stock to withdrawing members. I personally have used E*Trade for over 20 years and have never had any problems with the company. When they were purchased by Morgan Stanley a couple of years ago, I noticed no changes except that they assigned a new longer account number. Kathy

On Jun 4, 2024, at 6:58 AM, Tracy, Molly M via bivio.com <user*40992200001@bivio.com> wrote:

Fidelity is great!
Sent from my iPhone

On Jun 4, 2024, at 6:55 AM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:

 We just moved to Fidelity and are very happy so far.
... Myra

On Jun 4, 2024, at 7:36 AM, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:

We are happy with Fidelity.

On Jun 4, 2024, at 6:42 AM, Rich Spina via bivio.com <user*38371000001@bivio.com> wrote:

What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary


E*Trade works very well for my club and my own personal accounts as well.
I even purchased some MS shares because I liked the company.

Lee, Market Miners Investment Club

On 6/16/2024 8:19 AM, Rich Spina via bivio.com wrote:

My club is also looking for a new broker. Has anybody joined E-trade recently and we're you able to get checks?


On Tue, Jun 4, 2024, 2:02 PM Kathy McGovern via bivio.com <user*18459000001@bivio.com> wrote:
My club is in the process of transferring from Schwab to E*Trade. They appear to be club friendly and have told us we can transfer stock to withdrawing members. I personally have used E*Trade for over 20 years and have never had any problems with the company. When they were purchased by Morgan Stanley a couple of years ago, I noticed no changes except that they assigned a new longer account number. Kathy

On Jun 4, 2024, at 6:58 AM, Tracy, Molly M via bivio.com <user*40992200001@bivio.com> wrote:

Fidelity is great!
Sent from my iPhone

On Jun 4, 2024, at 6:55 AM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:

 We just moved to Fidelity and are very happy so far.
... Myra

On Jun 4, 2024, at 7:36 AM, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:

We are happy with Fidelity.

On Jun 4, 2024, at 6:42 AM, Rich Spina via bivio.com <user*38371000001@bivio.com> wrote:

What other brokers are club friendly besides E-trade? I know Firstrade is not one one of them.

On Fri, May 24, 2024, 9:33 AM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Barbra, Thank you for reply and comments on E-Trade! I was hoping to get more responses before we make our decision on where move our brokerage to, but your info is very helpful.
Gary