- 1). Surf the Internet. Today's technology makes it easy to compare investment brokers. Go to the website linked in the Resources section below, and research various investment brokers from the comfort of your home.
- 2). Find an investment broker who can accommodate your financial investment plans. Keep in mind things like stock commissions, option commissions, bond trading, mutual funds and annual fees (if applicable). Many brokers will charge a stock commission and/or option commission. Commission fees range in price anywhere from $4.95 to $19.95 or higher, depending on the broker. There are brokers who do not charge a stock commission, but they may charge an option commission, so be sure to find out what commission, if any, the broker charges.
- 3). Decide on your financial goals and choose the investment broker accordingly. Though it is possible to manage your investments on your own, many people tend to gravitate towards hiring an investment broker to manage their investments for them. Look for local advisers so you can meet with them in person. This can be very reassuring, since you can deal directly with a person and receive one-on-one attention.
- 4). Choose the investment broker that you feel offers what you need in terms of options and services provided. After deciding on the broker you feel meets your needs, carefully read their terms and agreements--really read the information they provide you and don’t just look over it. Be sure you know the services and options you are paying for in advance to eliminate any future miscommunication.
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