I am thinking of opening a brokerage account for the first time and wondering how I can do disbursements from it for large purchases, like a car, for example. I do not plan on getting checking for the brokerage account, nor do I want paper checks.
Can I do wire transfers from the brokerage? Will that be as easy as from a bank account or will it be difficult/impossible?
In the rare instance that I need a check, will the brokerage issue a check the same way that a bank would? In other words, can I tell them I need a check for $50,000 or whatever it is made out to "ABC Auto Sales" and then they just mail me the check and I hand the pre-made check to the dealer? Is it that simple, or will it be more complicated than that? (Note that this would be a check FROM THE BROKERAGE, not from me. Ie it would be analogous to a treasurer's check from a bank.)