E*Trade
Potential Schwab-TD Ameritrade Deal Shocks Broker-Dealers, Advisors
TDA advisors fret about repapering, integration and service if a deal gets done, and consider custodial alternatives; others celebrate a balance sheet that would rival wirehouses.
UPDATED: Merrill Edge Won’t Mimic Schwab’s Zero-Commission Offer–Executive
Bank of America-owned online brokerage unit may enhance relationship-based pricing model but won’t extend free trading across the board, says Edge CEO Aron Levine.
E*Trade Joins Rivals by Ending Commissions in Race to the Bottom
E*Trade Financial Corp. cut trading commissions to zero, joining major rivals in the race to the bottom and setting the stage for mergers among discount brokerages.
E*Trade CEO Roessner Replaced by COO Pizzi
Discount brokerage firm that recently reentered the RIA custody business declines to explain the transition.
TD Ameritrade, E*Trade Downgraded on Rate Concerns
Deutsche Bank’s Brian Bedell wrote that the online brokers will be hurt by competition from Fidelity’s new 1.9% cash sweep-account offer and other rate-related pressures.
E*Trade Continues Pursuit of California Broker Who Joined Morgan Stanley
Says it will appeal judge’s decision in May upholding employee’s right to practice his profession, despite claim that he used confidential information to attract customers to new firm.
E*Trade Fails to Handcuff Broker Who Joined Morgan Stanley
Wirehouse that has often gone to court to restrain renegade brokers from calling their former clients prevails in a California case in which it sat on the other side of the fence.
