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Non-Tech : Waterhouse Securities

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To: tom r. phillips who wrote (475)4/21/1998 6:19:00 PM
From: Mike Winn   of 2076
 
All: Has anyone here had an account at Discover Brokerage (Lombard)? If so, how do you compare the two in terms of:

- Execution speed (both by phone and Internet)
- Time it takes for them to answer your call when you make an order
- Response time during market crash
- Be able to get the best market price

I plan to transfer my account at Lombard to both Waterhouse and Datek. I know Datek is good in term of execution and best stock price but I also need a broker in my local area in case I need to withdraw some money quick. I am undecided whether I should use Waterhouse or Schwab for my local broker.

Has anyone used Schwab? How do you compare to Waterhouse?

Any help is greatly appreciated.

Mike.
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