Mutual Fund Brokers

Finding the best mutual funds broker depends on what you think will be a fit for your requirements and your trading personality. While there are a good number of brokers that offer mutual funds trading services, there may only be a handful that could match your individual style of investing. For instance, high volume, experienced traders may want to stick with brokerages which offer no-frills services at a discount, while novice traders or less experienced investors may choose to pay a bit more for the one-on-one attention of a full service broker. Regardless of your style, you can check our list of the more popular brokers that offer mutual funds.



open account
  • Uses the same, simple online interface to trade mutual funds as for trading stocks and other investment products.
  • Offers over 8,000 mutual funds from some of the most well known and respected fund families in the marketplace today.
  • The Proprietary Mutual Fund Center allows investors to locate all of the tools they need to analyze and invest in mutual funds.
  • Free mutual funds screeners are designed to maximize the number of relevant mutual funds you will have access to purchase.
  • Access a wealth of educational modules designed to help you take your mutual fund strategies to the next level.
Stock Trades Options Base Options Contract Minimum Deposit Broker Assisted Fund Trades
$4.95 $4.95 $0.65 $0.00 $4.95 $14.95 (no load)


open account
  • Scottrade has access to over 14,500 mutual funds from well known fund families and offers free mutual funds trades for almost 3,000 no transaction fee funds.
  • They have dedicated mutual funds research tools, including performance and earnings metrics and the latest fund news aimed at making mutual fund research a snap.
  • They offer customizable mutual fund screeners that allow you to narrow your results to only the funds you want to see.
  • Use an online suite of educational tools designed to increase your mutual fund savvy and your profits.
  • Enjoy one-on-one support through local branch offices to help you navigate through difficult or complex mutual fund transactions.
Stock Trades Options Base Options Contract Minimum Deposit Broker Assisted Fund Trades
$7.00 $7.00 $1.25 $500.00 $27.00 $0.00 - $17.00


open account
  • Received SmartMoney’s 2010 Highest Rating for Trading Tools and Customer Service, and Barron’s 2010 Four Star Rating for Trade Experience, Research Amenities, and Customer Service and Education.
  • The published list of All Star No Load Mutual Funds is available with one click of the mouse.
  • Free interactive online advisor software is available for creating professionally selected mutual fund portfolios in minutes.
  • Automatic investment plan allocates a predetermined amount of cash into no-load, no fee mutual funds at intervals you select, making investing a snap.
  • Receive access to live, experienced mutual fund professionals who offer a wide range of personalized, expert advice.
Stock Trades Options Base Options Contract Minimum Deposit Broker Assisted Fund Trades
$7.99 - $9.99 $7.99 - $9.99 $0.75 $500.00 $45.00 $0.00 - $19.99


open account
  • One of the only discount brokerages that do not charge inactivity fees or require an account minimum, making it a great choice for new investors.
  • Has a simple user interface that allows investors to make mutual funds trades quickly and easily.
  • Their powerful mutual fund screener allows you to navigate through thousands of mutual funds based on transaction fee status, fund family, past performance metrics, expense ratio and more.
  • Sharebuilder mobile allows account holders to place mutual fund orders from wherever they are.
  • Automatically invest specified amounts into the mutual funds of your choice, eliminating the need to log in and invest manually.
Stock Trades Options Base Options Contract Minimum Deposit Fund Trades
$9.95 $9.95 $1.25 $0.00 $0.00 - $19.95

{ 0 comments… add one now }

Leave a Comment

How To Pick A Good Mutual Fund

If mutual fund investing is your thing, then you probably already have a few tricks up your sleeve for finding the good ones. But every savvy investor knows that you can never have too much of a good thing, especially when you know that up to 80% of mutual funds perform well below the average return on the stock market. Here are a few tips for finding the right mutual fund to invest in.

  1. Past Performance. The past performance of a fund should be considered when determining which fund will do okay in the future and which ones you should avoid, but only in the context of a complete analysis and not as a sole indicator of what a fund is likely to do. Why does past performance not indicate future performance? Think about past trends like the dot com bubble and the housing market. Just because something is hot today doesn’t mean it’ll stay hot in the future.
  2. Cost. Mutual funds tend to buck the trend when it comes to cost vs. performance. Why? Because it appears that the cheaper a fund is to carry in terms of overall expenses, the better chance it has to do well in the marketplace. Morningstar conducted a study that grouped mutual funds into five categories based on the amount of expense the manager charged to manage the fund. According to the results of the study, the funds in the cheapest categories fared much better than those in the more expensive categories. But here’s something else to consider. Most of the cheaper funds were also larger. Since small funds have fewer shareholders, oftentimes the cost to carry the fund was higher and they often performed poorly in the marketplace.
  3. Good Fund Managers. It’s no secret that a mutual fund will only be as good as the manager at its helm. So, when looking for mutual funds to invest in, take a long hard look at the fund manager. Pick a fund manager with years of experience. Look at his or her track record and choose the one who has a proven record of success. And finally, look for a consistent management style.
  4. Well Established Funds. When looking to invest in a fund, pick one that’s been around awhile. This goes back to past performance, but the truth is, if a fund has done badly since its inception, odds are it won’t be around for long.
  5. Fund Turnover. You should look for mutual funds that don’t have a high turnover rate, meaning that the manager isn’t buying and selling the underlying instruments a lot as this may be indicative of an inexperienced manager and can increase a fund’s expenses.
  6. Look At The Top Holdings. This is an especially important metric you can use to ensure that the manager is keeping with the fund’s stated objective. For example, does a large cap fund hold stocks in large, well-established companies you know? Are there foreign investments in a domestic fund? Also, make sure that the fund is well diversified and that the top holdings don’t occupy too much of the fund’s assets as this might make the fund more vulnerable to market changes.

Last but not least, perform a gut check. After all of the analysis and review, you should have a pretty good take on what the fund is all about and whether or not it jives with your needs. If you have any passing doubt whatsoever about a mutual fund, it’s better to pass and find a new one rather than sink your money into a sinking ship.