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From: marsh@enmasse.UUCP (Marshall Glassner)
Newsgroups: net.invest
Subject: Re: Discount vs Full Svc Brokers
Message-ID: <306@enmasse.UUCP>
Date: Mon, 21-Jan-85 11:32:17 EST
Article-I.D.: enmasse.306
Posted: Mon Jan 21 11:32:17 1985
Date-Received: Thu, 24-Jan-85 05:45:41 EST
References: <1900@inmet.UUCP>
Reply-To: marsh@enmasse.UUCP (Marshall Glassner)
Organization: Enmasse Computer Corp., Acton, Mass.
Lines: 43
Summary: 

The following should in no way be construed as an endorsement:

Another discount broker which offers cheap rates is Brown and Company

		 20 Winthrop Square, Boston, MA  02110.  

				- or -

			349 Fifth Avenue, 7th Floor
			New York, New York, 10016

Their commission schedule is as follows:

Listed Stocks

price		Commission for		Commission for
		first 1000 shares	each additional share

0-10		$25 + $.04/share	$.035
10.125-20	$25 + $.05/share	$.045
20.125-25	$25 + $.06/share	$.055
25.125-30	$25 + $.07/share	$.065
30.125 or more	$25 + $.08/share	$.075

OTC on NASDAQ

$25 + $.04/share on the first 1,000 shares
$.035 for each additional share.


A rebate will be given for any month when commissions exceed $350.00.
The rebate will be 10% of the total amount of those commisions.


The following examples are from Charles Schwab's brochure:

Shares		Price		Full Commission	Charles		Brown
Per Order	Per Share	Broker		Schwab		and Company	

100		60		 98		 49		 33
500		15		181		 84.50		 55
800		10		216		 86		 67
3000		25		879		209		255