Do you want to start a stock brokerage business by buying a franchise? If YES, here is the best stock brokerage franchise opportunities for sale and their cost. There are dozens of stock brokerage houses in the United States. Each and every one of these stock brokerage houses has a different investment style of trading. The variety of services brokers offer allows individual traders to be highly selective in determining which broker best fits their needs.
But even with there being a number of stock brokerage firms in the united states, because of the nature of the business, these brokerages rarely offer franchises to the public. This is because the profession of the ‘Stock Broker’ is beginning to fall out of favor, and is being replaced by the profession of ‘Financial Adviser’ or ‘Certified Financial Planner’, or even a “Wealth Manager”.
On of the reasons for this displacement is because the stock broker was simply there to execute trades on behalf of their clients, and the clients were supposed to be knowledgeable about what they were doing. The stock broker wasn’t there to protect the said clients. He was compensated by the trades that were being made, and the more trades a client made, the happier he was. It didn’t matter to the stock broker if these were good trades or bad trades.
With the rise of online brokerages that let you trade with a few clicks, completely bypassing any human being, only few investors now require the skills of an actual person, a stock broker, to trade stocks.
Investors are now looking more to financial advisor businesses that would help give them advice on how they can make smart investments so as to avoid making loses as much as possible. This is why people are not so keen on buying stock brokerage franchises, and why stock brokerages are not so keen on selling their franchise. Charles Schwab is the only brokerage that offers franchise in the United States as of now.
The Best Stock Brokerage Franchise Opportunity for Sale and the Cost
Charles Schwab was founded in 1971 and it is based in San Francisco. It is one of the leading investment brokerages and IRA custodian firms in the U.S. Schwab takes the spot as the best overall online stock broker due to its low fees, high-tech trading tools, extensive investment options, a wide range of investment options and great customer service. In fact, Schwab is a good choice for beginner and veteran investors alike.
Beginners will appreciate Schwab’s easy-to-use online investing platform and mobile apps, which give you the ability to buy and sell securities, enter transfers, manage your accounts or access research, ratings and reports on a wide range of investments. Schwab customers also get access to a wide range of commission-free ETFs and mutual funds from the Schwab fund family and Schwab’s Select List.
Expert investors will enjoy Schwab’s advanced online and desktop trading systems, quick and easy mobile trades and a wide range of investment options. And with a low $4.95 trade fee, you’ll get among the lowest prices in the industry when you do decide to buy and sell.
As of Dec. 31, 2018, Charles Schwab held $3.25 trillion in client assets, with a total of 11.6 million active brokerage accounts. It also operates Schwab Bank, one of the largest banks in the United States, which allows its brokerage clients to link their trading accounts with a checking account.
The company boasted of 1.3 million active banking accounts as of the end of 2018. Schwab really shines with registered investment advisor (RIA) accounts, where $1.5 trillion of AUM sits. And to top it all, Charles Schwab offers franchise.
- Total startup costs – $46,650 to $109,910
- Franchise fee – $25,000 to $50,000
- Rent – $1,250 to $6,250 per month
- Five-year monthly facilities fee – $3,000 to $6,000
- Technology fee – $900 to $1,500 per month
- Client-servicing fee – $2 per month, per client
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