Brokerage Accounts With a Regional Financial Advisor

Those investors who prefer a personal relationship and a choice of services may also want to work with a brokerage firm that's part of their community. They could consider a regional firm that falls between full-service and discount brokerage firms on the cost scale. Such companies include Raymond James Financial Inc. (RJF), Janney Montgomery Scott, and Edward Jones.

These brokerages act as broker-dealers and financial advisors. They can require a sizable minimum account size and cater to individuals with slightly higher net worth than other brokerages. Over time, though, their services tend to be less expensive than those of larger, full-size brokerages.