1st Discount Brokerage offers online digital investment advisory and portfolio management services on a continuing basis through a proprietary digital technology platform. The firm creates model portfolios across six risk categories, primarily investing in exchange-traded funds and mutual funds based on a risk tolerance questionnaire. 1st Discount Brokerage manages accounts on a discretionary trading basis, meaning the firm makes trades without asking first. The digital platform continuously monitors and rebalances portfolios. The firm also operates as a registered broker-dealer and provides access to trading platforms and clearing services through partnerships.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
Annual fee of 1.00% charged quarterly in arrears based on end-of-month account balances. Fee covers advisory services, trading commissions, clearing, and execution.