Scott S. Brooks
Mobile: 949-279-0069
e-mail: sbrooks@newbridgesecurities.com
Julie Mains
Mobile: 949-279-0068
e-mail: jmains@newbridgesecurities.com
Newbridge Securities Corporation
Corporate Headquarters
Office of Supervisory Jurisdiction
1451 West Cypress Creek Road
Fort Lauderdale, FL 33309-1953
Toll Free: 877-447-9625
Local: 954-334-3450
Fax: 954-229-9937
Client Help Line: 800-223-8753
Fee-Based Money Management vs. Commission-Based Accounts: While we offer both types of accounts, we strongly encourage investors to consider the advantages of a fee-based account. Fee-Based Asset Management offers investors an account representation that is (in my opinion) in the better interest of the Client. As the account grows for the client, the Investment Professional essentially earns a raise.
Commissions are good for the Representative, but not necessarily in the best interest for all clients. With commissions, a Financial Advisor makes money on each transaction. As a result, higher turnover creates a higher income for the advisor, rather than an increase in the overall assets.
With fee-based accounts, turnover is not a factor. Therefore, it allows for good disciplined trading with stop loss rules and incremental profit taking as targets are met, whereas a commission on each transaction may create hesitancy to implement disciplined trading tactics with concern of the additional ticket costs. For the investor with a ‘buy and hold’ mentality, a commission account may be more beneficial, but the volatility and trend changes in the market propose a convincing argument against the ‘buy and hold’ philosophy.
Nonetheless, we offer both types of services – commission based and fee based. With either type of account, we ’ll handle it with the utmost care to obtain your financial goals, actively managing and monitoring your account. The decision is completely up to you, our client.
