Muller Schmidt Associates has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1 (612) 392 290
Addresses: 1500 W Lake Street Minneapolis MN 55408 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.mullerschmidt.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Muller Schmidt Associates said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Intuitive for beginners|Dedicated account manager|Dividend tracking
Cons: Minor UI glitches occasionally|Minimum deposit could be lower
I wanted to transfer my portfolio from another broker to Muller Schmidt Associates. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Competitive fees|Social trading features|Portfolio tracking tools
Cons: No fractional shares