And the battle for market share between brokerage
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Posted On: 10/21/2019 8:35:03 PM
And the battle for market share between brokerage companies continues.
Fidelity is now $0.00 commission on trades following Schwab, Ameritrade and E Trade.
My guess is that E Trade and maybe Merrill Edge will be bought out by Ameritrade next year.
Fidelity Investments serves around 25 million individual investors and 23.3 million brokerage accounts.
Fidelity Investments has close to $2.1 trillion in total managed assets. Mutual fund assets under management = $1,804.7 billion. Trust/other assets under management = $255.1 billion. Total customer assets at Fidelity = $5,428.0 billion.
Charles Schwab serves around 10 million brokerage accounts.
Charles Schwab has close to $2.61 trillion in total managed assets. 1.6 million corporate retirement plan participants. 1.1 million banking accounts. 7,000 RIAs. Total customer assets = $2.73 trillion.
TD Ameritrade serves over 10 million brokerage accounts. This number includes over 3 million recently purchased Scottrade accounts.
TD Ameritrade has over $1 trillion in total managed assets.
Etrade serves around 3.7 million brokerage accounts. This number includes recently purchased OptionsHouse and Capital One Investing accounts.
Etrade has close to $307 billion in total customer assets (including $3.7 billion from the OptionsHouse acquisition).
Merrill Edge serves over 1.4 million brokerage accounts.
Merrill Edge has over $114 billion in total assets under management.
Fidelity is now $0.00 commission on trades following Schwab, Ameritrade and E Trade.
My guess is that E Trade and maybe Merrill Edge will be bought out by Ameritrade next year.
Fidelity Investments serves around 25 million individual investors and 23.3 million brokerage accounts.
Fidelity Investments has close to $2.1 trillion in total managed assets. Mutual fund assets under management = $1,804.7 billion. Trust/other assets under management = $255.1 billion. Total customer assets at Fidelity = $5,428.0 billion.
Charles Schwab serves around 10 million brokerage accounts.
Charles Schwab has close to $2.61 trillion in total managed assets. 1.6 million corporate retirement plan participants. 1.1 million banking accounts. 7,000 RIAs. Total customer assets = $2.73 trillion.
TD Ameritrade serves over 10 million brokerage accounts. This number includes over 3 million recently purchased Scottrade accounts.
TD Ameritrade has over $1 trillion in total managed assets.
Etrade serves around 3.7 million brokerage accounts. This number includes recently purchased OptionsHouse and Capital One Investing accounts.
Etrade has close to $307 billion in total customer assets (including $3.7 billion from the OptionsHouse acquisition).
Merrill Edge serves over 1.4 million brokerage accounts.
Merrill Edge has over $114 billion in total assets under management.
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