The brokerage you use is crucial to your long-term investment success. So if you suspect that your existing provider is…

The brokerage you use is crucial to your long-term investment success. So if you suspect that your existing provider is not serving you, switching brokers should be top of mind.

Since there are many brokerage options, you want to make sure you have the one that suits your investment goals. If you’re apprehensive about your current brokerage, whether for its services, products or investment strategy, know that there is fierce competition in the space and other firms are interested in your business.

Making the switch may seem difficult. But once you’ve done your research on which new brokerage is right for you, know what questions to ask your existing firm and how to evaluate a new brokerage, you are well on your way to making the change.

Here is what to know about switching brokers:

— Is it time to switch brokers?

— How to transfer a brokerage account.

— Mistakes to avoid.

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Is It Time to Switch Brokers?

One of the main reasons people switch brokerages is the fees are too high. Fees may seem like a small expense at first glance, but when added up over time, their cost can eat at your returns. For this reason, you may want to shop around for another brokerage that offers more competitive fees.

Christian Cyr,…

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