Since choosing a stockbroker is a very important decision and one that will drastically change your financial situation, you need to interview several and talk to them one on one. Do not buy their salesmanship, but find out what they can do for you in writing and on paper. Make this decision based on the skills they can provide to you.
When hiring a stockbroker, make the time to find out what his or her goals are for you based on three main things. What and how much will they research on your behalf? What and how much will be investing in your decisions, and how will they buy with your intentions at the helm?
Do you want to invest in a discount broker? For many, the discount stockbroker is a good deal because they can buy and sell the stocks that are needed and they get paid on a commission basis. The only real drawback to working with a discount broker is that they will not offer much advice, good or bad, about your decisions.
