'Woke'
brokerages and money managers
(Pick either Zachs Trade, InteractiveBrokers, FirstTrade, or Schwab.)
JP Morgan Chase -
(see our detailed
review of JP Morgan Chase) - See under BANKING / LOANS
Merrill
Lynch - (see our detailed
review of B of A / Merrill Lynch) - See under BANKING / LOANS
Vanguard -
Company opposed
Georgia's much needed voting reform law. Supporters
of ESG nonsense, including "diversity".
Together with Blackrock, Vanguard controls
both Big Pharma and the mainstream media. Against NC's bathroom bill.
Owns 10.3% of the censorship-happy, DNC-aligned, Twitter.
SoFi - Committed
to D.I.E. (AKA discriminate by race, gender, etc), keeps track of
employees by race and gender. For "social justice" and to "fight
racism" SoFi donated 1 million dollars to groups including The Bail
Project and Black Lives Matter. Sofi joined Civic Alliance. Posted
a #MeToo video by Trump-hater Mika Brzezinski. Supported Occupy Wall
Street. SF-based.
Morgan Stanley Wealth Management
(owns E trade) - Cut off all contributions to
Republicans who voted to overturn the 2020 election. Morgan Stanley
employee and PAC donations
went democrat in 2018 and 2020. Morgan Stanley requires employees to
get vaccinated. Hired a "Global Head of Diversity and Inclusion".
Their "Morgan Stanley Institute for Inclusion" aims to "drive
diversity, equity and inclusion within the firm and under-served
communities". Pushing climate change
nonsense and the need to "curb carbon emissions". Your body, their choice: Mandated that employees be vaccinated all the way until 8/30/2022. We don't ever
recommend money managers or full-service brokerages anyway.
They're all too expensive! Always invest via a self-directed account
with a brokerage. Note that Morgan Stanley is not the same
company as JP Morgan Chase, one of our very most hated companies.
E trade (owned by Morgan
Stanley) - Horrific long wait times (30, 45, 60, 70 minutes, 3 hours according to Trust Pilot reviews) if you ever need to call customer service.
Western Union
Financial Services - Opposes Trump ending the DACA illegal alien
amnesty program.
NerdWallet - Pulled
advertising from Tucker Carlson for supporting merit-based
immigration.
Invesco - Pushing ESG,
pushing global warming
nonsense, race-mongering,
committed to "diversity and inclusion". One exception: You can invest
in ticker symbol RSP. Otherwise, invest in EUSA,
ACVF, and Schwab
funds.
Morningstar - CEO joined other
leftists in opposition of Georgia's much needed voting reform law.
BTW, never ever ever ever ever pay for financial research. Just buy
index funds! Simple! No research required!
Ariel Investments
(mutual funds) - Opposed
Georgia's much needed voting reform bill.
Loop Capital
( For corporate, governmental and institutional entities) - Joined
other leftists in opposition of much needed voting integrity bills.
Four Corners Property Trust
(ticker symbol FCPT) - Provides D.I.E. (diversity, inclusion, equity)
training to all employees, has an "ESG committee", pushing
global warming nonsense, keeps track of employees by gender, boasts
that they have 'achieved' pay-equity across genders.
Fidelity - According to
Project Veritas, Fidelity's charitable organization blocked clients
from making donations to conservative journalism organization Project
Veritas. LBGTQ and Race-based hiring practices. Teaching D.I.E. to employees through an app happily called "Everyday Inclusion'. Fidelity employee and PAC donations to democrats surpassed
Republican donations in 2020. Use a credit union or regional bank.
T. Rowe Price
- Joined other
leftists in opposition of much needed voting integrity bills. We don't
ever recommend money managers or full-service brokerages
anyway. They're all too expensive! Always invest via a self-directed
account with a brokerage.
Betterment -
CEO, Sarah Kirshbaum Levy joined other leftists in opposition of
voting integrity bills.
Advent Capital
Management LLC - Opposed
Georgia's much needed voting reform bill. We don't ever
recommend money managers or full-service brokerages anyway. They're
all too expensive! Always invest via a self-directed account with a
brokerage.
Edward Jones - In response to
the George Floyd riots, EJ pledged to increase diversity among its
financial advisors and senior leadership, thus hiring based on skin
pigmentation rather than merit. We don't ever recommend
money managers or full-service brokerages anyway. They're all too
expensive! Always invest via a self-directed account with a brokerage.
Goldman Sachs Private Wealth
Management - Over 10 million dollars in BLM related donations. Stopped donations to pro-Trump Republicans. Joined other
leftists in opposition of much needed voting integrity bills. We don't ever recommend money managers or full-service brokerages
anyway. They're all too expensive! Always invest via a self-directed
account with a brokerage.
State Street - Supports ESG,
has a "Chief Diversity Officer" pushing
D.I.E., pushing CO2 global warming nonsense.
Acorn Financial
Planning - Signed a letter supporting the democrat’s
radical “For the People Act”. Not even an American company.
Capricorn Investment
Group - Signed a letter supporting the democrat’s radical
“For the People Act”.
Trillium Asset
Management - Signed a letter supporting the democrat’s
radical “For the People Act”. Promotes ESG.
Ally Invest -
Discriminates. Obsessed with "diversity and inclusion in the
workplace" AKA sometimes having to specifically exclude
Caucasians for the sake of meeting a race quota. Teaches
critical race theory to employees, urging white employees to "cede
power to people of color." Obsessed
with diversity. Donations slightly favor
Republicans.
WeBull - Owned by
the Chinese company, Fumi Technology. We avoid communist China
companies.
Honorable mention or guilty by association
= Indicates that broker
partners with TD Bank or BMO Harris Bank to be custodian of
cash in accounts.
Because there are no perfect choices that we are aware of, we recommend these brokerages.
InteractiveBrokers -
InteractiveBrokers is a mixed bag. On the bright side, their employees
and PAC's have a stellar
donation record. However, IB uses JP
Morgan Chase as their custodial bank. InteractiveBrokers also
uses ESG score table to rate stocks. At
least, so we are told, they do not use ESG to rate their own
customers, as Merrill Lynch does. If you use InteractiveBrokers , then
in order to mitigate business with JP Morgan Chase, don't leave a lot
of cash sitting in your account. Either invest it or transfer to your
bank account.
Zachs Trade -
Essentially uses Interactive Brokers LLC, to provide custodial banking
through JP
Morgan Chase, who we boycott. If you use Zachs Trade, then in
order to mitigate business with JP Morgan Chase, don't leave a lot of
cash sitting in your account. Either invest it or transfer to your
bank account. Zachs Trade mirrors InteractiveBrokers' ESG policy.
InteractiveBrokers is Zachs' clearing firm.
FirstTrade
- Uses BMO Harris Bank, which joined the anti-Trump group StopHateForProfit.
Trade Station -
TradeStation's custodial bank is JP Morgan Chase, who we boycott.
Headquartered in Florida, but the parent company is Monex Group, a
Japanese company. Therefore, you might as well do business with
InteractiveBrokers, Zachs Trade, FirstTrade, or Schwab instead.
Charles Schwab (owns
TD AmeriTrade) - Schwab is a mixed bag. Charles Schwab checking account -- Yes, you can also open a checking/savings account with the brokerage firm, Charles Schwab. Schwab
employees and PAC's have a solid donation
record (84% to Republicans). Schwab once used JP
Morgan Chase as their custodial bank (when you park cash in your
account). JP Morgan is our #1 banking sector boycott target! However, it appears as though Schwab now uses TD Bank instead -- Still a bad company. However, remember that ALL of the big banks are woke! Schwab is making race-based donations: $3.5 million scholarship program for Black students pursuing degrees in financial planning. People with other skin pigmentations do not qualify. Schwab
charitable suddenly cut off donations to the NRA. Was this a momentary move to quiet activists? If you are a staunch
gun supporter, then you might want to skip doing business with Schwab.
Pride tribalism. Finally, Schwab is "committed to ESG through sustainable real estate practices, responsible workflows, and investment stewardship. Schwab discloses key corporate sustainability metrics around carbon emissions, energy and water use, and volume of environmentally favorable purchases". Senior Vice President and Head of U.S. Credit Card and Unsecured Lending at TD Bank attended what was essentially a woke seminar.
TD AmeriTrade (now
owned by Schwab) - In 2018 pulled
advertising from Tucker Carlson for supporting merit-based
immigration, then falsely and laughably claimed to be "politically
neutral". TD AmeriTrade's founder gave $315,000 to Joe Biden's
campaign. However, the founder, Joe Ricketts pledged $1 million to a
pro-Trump super PAC. Since then, TD AmeriTrade has been
bought out by Charles Schwab.
Go back to Liberal Companies you should boycott.