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The
process of buying and selling funds can be made easier by opening an account
with a discount broker - although this is not a prerequisite for Upgrading.
By opening a single brokerage account you avoid having to establish accounts
at multiple mutual fund companies, resulting in reduced paperwork, consolidated
monthly statements and tax reporting, and easy trading.
We
cannot make specific recommendations as to which broker might be best
for you, since each investor has specific needs and different companies
offer varying levels of service. We have no retail experience at any broker.
The following table shows some features to consider. Call the broker to
verify.
Discount
Brokers
You should always
confirm this information with the broker directly.
| Broker |
# of
NoLoad Funds |
# of
NTF Funds |
Fee
For Early Redemptions |
Redemption
Fee Period |
Fees
for trades: Web/Touch-Tone/Broker Assist |
Phone
# |
Web
Address |
| E*Trade |
6,000† |
831 |
$49.95 |
90 days |
NA/$25/$45+ |
800-387-2331 |
www.etrade.com |
| Fidelity |
3,045 |
1,216 |
Same
as transaction fee |
180
days |
$75/.75%/.75%1 |
800-343-3548 |
www.fidelity.com |
| Firstrade |
10,000† |
N/A |
$19.95 |
90 days |
$9.95/ - /$26.95 |
800-869-8800
|
www.firstrade.com |
| Muriel
Siebert |
4,300 |
1,300 |
$35.00
|
90 days |
$35/$35/$35 |
800-872-0711 |
www.siebertnet.com |
| Schwab |
2,138 |
1,494 |
$49.95 |
90
days |
$49.95/$49.95/74.952 |
800-266-5623 |
www.schwab.com |
| Scottrade |
1,957 |
873 |
$17.00
|
180
days |
$17/$17/$20+ |
800-619-7283 |
www.scottrade.com |
TD
Ameritrade |
10,000† |
1,300 |
0.60%
($39 min, $199 max) |
90 days |
$30+/$35+/$45+ |
800-454-9272 |
www.tdameritrade.com |
| Vanguard |
2,600 |
800 |
1.00%
($50 min $250 max) |
6 Months |
$35/$35/$35 |
800-662-7447 |
www.vanguard.com |
† This is the total number of funds; does not specify how many are noload.
1Touch phone: 25% off broker rate $75 min $187.50
max; Online: $75 flat; Broker assist: .75% $100 min $250 max
2 Schwab charges $25 for broker assisted trades of NTF (OneSource funds).
Read This Important Notice
The
web links presented here are meant for the user's convenience only.
DAL has no control over, has not reviewed and is not responsible for
the content found on external sites. Links to external sites do not
constitute sponsorship, endorsement or approval of these sites or their
content. Moreover, not every brokerage firm, investment company, or
custodian link is provided herein. The brokerage firms listed on this
site distribute load funds as well as noload funds and transaction
fees may be imposed.
DAL
Investment Company has not made and does not make any recommendations
regarding the merit of any company identified on the website, any recommendations
regarding the purchase or sale of any security, or any endorsement or
sponsorship of any company identified on the website.
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