Expert Q&A
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Email to a FriendWhat is a brokerage account and should I have one?
By Toni L. House MBA/ Published Author - First Tax Solution LLC
Answered 8 months ago
A Brokerage account is tied to Investments. For example Wells Fargo may have your investment account and so there fore, interest from your (lets say bonds) may be deposited into your brokerage account. Typically a brokerage account or money market account will earn interest but you are required to keep a min balance.
Should you have one? that is a decision you and your financial
advisor should answer. If you have investments then it would probably be a good choice.
