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From: bwm@ccice2.UUCP (Brad Miller)
Newsgroups: net.invest
Subject: Re: Discount vs Full Svc Brokers
Message-ID: <563@ccice2.UUCP>
Date: Tue, 22-Jan-85 12:17:19 EST
Article-I.D.: ccice2.563
Posted: Tue Jan 22 12:17:19 1985
Date-Received: Sun, 27-Jan-85 05:24:21 EST
References: <1900@inmet.UUCP> <306@enmasse.UUCP>
Reply-To: bwm@ccice2.UUCP (Bradford W. Miller)
Organization: CCI Central Engineering, Rochester, NY
Lines: 25
Summary: 

Two more discount brokers worth looking into:

	Whitehall

	1/8 point/share $50 minimum. This can save you considerable $$ on expensive stocks.
	Also options. Also ADVICE -- the president accepts calls, publishs a newsletter.

	Waterhouse

	30% of Merril-Lynch's fees (period). $35 minimum. .03/share if trading under $10 (same minimum).
	This is a good deal for a lot of stocks if you are dealing with 100 type volume, no matter the price.
	Also options, bonds. Also discounts to WSJ, Barrons, freebies: S&P biannual special issues, copies of
	stock reports if you request them, and annual S&P stock guide.

	Have choice of several MM type funds to put your extra cash into, inc. std, gvmt, tax-free.

After looking into several, I just opened an account with Waterhouse, as I do not trade enough in $/transaction
for Whitehall to make sense. Both are MUCH cheaper than the usual group of discount brokers. Both advertise in the
WSJ if you need the address. Phone numbers: Waterhouse (800) 327-7500 or (800) 522-7500 in NYS or (212) 344-7500 in NYC
Don't have the number for Whitehall with me, so send mail if you need it.

Brad Miller

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