Splitting different assets across different brokers

Investing / Others
1

Hi All,

I’m new here and excited to be part of this community! I’ve already learned quite a bit just by reading through the posts, so thank you for sharing your insights.

I’d love to get some advice from the more experienced Mustachians in the group. I’m currently looking to better structure my overall portfolio (and mitigate overall investment risks).

Right now, most of my investments are in equities through an external broker (Degiro). I previously used Swissquote but eventually moved away due to the high fees, which didn’t make sense for the volumes I was trading.

I’m now considering allocating some new capital into less risky assets, such as bonds or perhaps something like XEON (here again, any suggestion is welcome), with a long-term horizon mainly to hedge against inflation and have a secure safety net.
My question is: does it make sense to use a different broker for these types of assets, or would sticking with Degiro suffice? Specifically, I’m curious if there are any tax advantages or practical benefits to separating brokers.

Thanks in advance for your thoughts :slight_smile:

2

Hi, unless it’s to diversify brokers and further minimize risks, I don’t really see the point of using another broker for the type of product you’re trading. Unless, of course, Degiro doesn’t offer it, but I assume you’ve already checked that.

2 Likes
3

Hi,

thanks a lot. my initial idea was to have better flexibility with two separate accounts (one where I do trading) and one where I invest on less risky assets (plus minimizing the broker risk). But this would not be sufficient to justify all the effort to re-adjust the portfolio across different brokers so I was wondering if there was any other benefit I am unaware of.

Thanks tho :slight_smile: