To become a better investors, you need to put together a winning team that includes a strong brokerage company in your corner. But how can you pick the right broker for your needs?

In the following video, Fool contributor and personal finance expert Dan Caplinger discusses the things to consider in choosing a broker. With so much riding on your choice, it's important to look beyond stock commissions to get a sense of the true costs that you'll pay for your portfolio. In addition, by evaluating research and other services that each broker offers, you can simplify your own finances by consolidating accounts at one broker if you want.

Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends TD Ameritrade. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.