Q: Hubby and I are getting close to retirement. Would you be comfortable with your entire portfolio at Questrade? Or WeathSimple? The free trading is really attractive. Or would you suggest having some at a brokerage at one of the big banks, for more security? Thanks.
5i Research Answer:
Both companies have been around for some time now and have a good reputation. We wouldn't take much issue with this. If one is worried, they could always diversify across one or two other brokerages and put maybe the less active portion of a portfolio in a large bank and the more active portion at one of the lower commission brokerages.