“We’ve chosen Schwab as our primary custodian,” said Asher Rogovy, the Chief Investment Officer at Magnifina, LLC, an investment advisory firm.
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“We’ve chosen Schwab as our primary custodian. Because so many major brokerages offer $0 commission and robust liquidity, we look to customer service. Schwab’s team is outstanding, and when it comes to your money, you shouldn’t settle for anything less.
One way to measure liquidity to examine a broker’s Rule 605 and 606 reports. Schwab’s reported statistics surpass every competitor that I examined. Robinhood’s reports were difficult to locate and provided insufficient information when I looked at them.”