TheMillionDollarBrain

8 Best Mutual Fund Brokers to Build a Successful Portfolio in 2021

Once you’ve decided that you want to invest in Mutual Funds, the next step is…Where do I go to get started? You should get started by deciding on which of the mutual fund brokers best meets your needs. We have rated and listed the best mutual fund brokers according to TMDB.

Best Mutual Funds:

Fidelity Investments

Fidelity is one of the most regarded stock brokers and is a leader in mutual funds. Fidelity provides a Mutual Fund Evaluator, a tool that allows you to sort and filter the funds that Fidelity offers. 

  • Rating: 4.6/5          
  • Fees: $0
  • Account Minimums: $0
  • Promotions: None
  • Benefits:
    • More than 250 Mutual Funds
    • 100+ 4 and 5 star Morningstar rated funds
    • Over 70 years of experience managing money
    • $0 per trade
    • 3400 no-transaction-fee mutual funds
    • Top-notch research tools and trading platform
    • Zero-fee index funds
    • Strong customer service reputation
    • Fidelity Zero index funds (?)

Charles Schwab

Charles Schwab is usually credited for bringing low-cost investing to the forefront in the 1970s. Till this day Charles Schwab remains competitive in pricing with other companies. 

  • Rating: 4.6/5          
  • Fees: $0
  • Account Minimums: $0
  • Promotions: None
  • Benefits:
    • Extensive research
    • Large fund selection 
    • Strong customer service reputation
    • More than 4,200 no-load, no- transaction fee mutual funds
    • Sophisticated Tools and trading platform
    • No minimum

E-Trade Financial 

E*Trade was one of the first low-cost online brokers and offers over 4,500 no load, no-transaction fee mutual funds. For funds that have transaction fees the cost is $19.99. 

  • Rating: 4.6/5          
  • Commissions: $0 per trade
  • Account Minimums: $0
  • Promotions: None
  • Benefits:
    • Tools that are easy to use
    • Great Customer Service
    • Extensive Research
    • Large Investment selection

Merill Edge

Merill has over 2,000 no-transaction-fee funds and you will be able to sort and filter through these funds with Merill’s screener. You can also craft your portfolio with the Select Funds choices. 

  • Rating: 4.6/5          
  • Fees: $0
  • Account Minimums: $0
  • Promotions: None
  • Benefits:
    • Integrated with Bank of America 
    • Robust third-party research

Interactive Brokers

Interactive Brokers has a mutual fund marketplace that provides investors with a large amount of low cost funds worldwide. The marketplace offers over  36,000+ no-load funds from over 380 fund families. This includes funds from Allianz, American Funds, BlackRock, Fidelity, Franklin Templeton, Invesco, MFS and PIMCO.

  • Rating: 4.6/5          
  • Fees: $0
  • Account Minimums: $0
  • Promotions: None
  • Benefits:
    • Large Investment selection
    • Strong research and tools
    • Over 4,300 no-transaction-fee mutual funds
    • 40,000+ funds worldwide
    • No transaction fees on 8,300+ funds
    • No custody fees
    • Available globally
    • IBKR is fund-agnostic

Ally Invest

Ally Invest customers can purchase no load mutual funds for $9.95. Funds that carry loads are free to trade. Ally Invest offers more than 12,000 mutual funds for investing, 1,800 of these are no-load funds.

  • Rating: 4.6/5          
  • Fees: $0
  • Account Minimums: $0
  • Promotions: $50 – $3,500 in cash bonus with qualifying deposit
  • Benefits:
    • Strong web-based platform
    • Robust research and tools

The Vanguard Group

Vanguard mutual funds are generally considered the gold standard of mutual funds. Vanguard has more than 3,100 funds from outside providers. None of the 120-plus open funds charge transactions fees. Vanguard also offers two mutual funds for socially conscious investors.

  • Rating: 4.6/5          
  • Fees: $0
  • Account Minimums: $0
  • Promotions: None
  • Benefits:
    • Large mutual fund selection
    • Leader in low-cost funds
    • Helpful customer support

TD Ameritrade

TD Ameritrade has over 13,000 mutual funds from the top mutual fund companies and has a broad range of no-transaction-fee mutual funds. TD Ameritrade offers mutual funds for different objectives, philosophies, risk exposure and asset classes. TD Ameritrade also offers a screening tool that allows you to find a fund that matches your objectives. 

  • Rating: 4.6/5          
  • Fees: $0
  • Account Minimums: $0
  • Promotions: None
  • Benefits:
    • Free research
    • High-quality trading platforms
    • Good Customer Support
    • Large Investment Selection

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6 Types of Mutual Funds to Build a Successful Portfolio in 2021