If you're gonna go over federally insured limits, may as well go whole hog.
Open a Scottrade account, an E*Trade account, and a maybe a few accounts with the banks in town. Park $40 million or so in each. If you don't trust yourself with Scottrade or E*Trade, find a few brokers you can trust (there's the rub). He should probably start the money out in the local banks, move into a rich/gated neighborhood and inquire from a bunch of neighbors about brokers they trust. See if any names pop up more than once or twice. Look into them.
At the end of the day, it's imperative that the account owner maintain signature authority over transactions so you don't get all your money embezzled.
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In response to this post by Hokie360)
Posted: 01/12/2018 at 5:13PM