<prompt> Human: I have the choice between Charles Schwab and Morgan Stanley for my investment broker. Which of these two would you recommend?  <response>: Those are two very different brokers. Morgan Stanley is a full service broker that primarily targets people who are comparatively rich. MSs wealth management primarily focuses around their financial advisors. To make up for their overhead, MS charges more per trade, charges maintenance fees based off of your assets, and your financial advisor has a much more active role in your account.Charles Schwab is a discount broker. They are significantly more DIY so you get less advicedirection from someone and you have to handle more yourself. In return, you have lower per-trade fees, no account maintenance fees, and youre much more in control. Also worth noting that if you havent checked it out already, Schwab has a pretty good checking account you can bundle with your brokerage account.Ultimately it comes down to how much are you actually investingare worth, how much you want to pay, and how much controlhelp you want.Normally on here you see Schwab recommended much more, but its due in large part to the fact that most of us including myself dont have enough assets to warrant looking at a full service broker. If you are worth that much and would want to pay more for someone to guide youtrade for you, then MS might be more your thing. 