Ameritrade might have made an offer to Etrade, we
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Posted On: 11/25/2019 1:05:48 PM
Ameritrade might have made an offer to Etrade, we don't know.
If Etrade was in the know about CS wanting to buy out Ameritrade and turned down their offer, then that means that Etrade is waiting for a better offer from another firm after CS bought Ameritrade. Like Fidelity.
Fidelity has to play catsup and mustard with CS now by $1.6T, so they will have their checkbook out as the saying goes. And they have deeper pockets then Ameritrade does.
Good move by Etrade.
Charles Schwab
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.
Fidelity Investments
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.
TD Ameritrade
TD Ameritrade serves over 11 million brokerage accounts. This number includes over 3 million recently purchased Scottrade accounts. TD Ameritrade has over $1 trillion in total managed assets.
E*TRADE
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).
Vangard
Vanguard serves 20 million investors, in about 170 countries (mostly through the mutual funds). Vanguard brokerage service has much fewer clients, probably in 2 to 3 million range. Vanguard has close to 3.6 trillion in global assets under management (mostly through the mutual funds).
Merrill Edge
Merrill Edge serves over 1.4 million brokerage accounts. Merrill Edge has over $114 billion in total assets under management.
If Etrade was in the know about CS wanting to buy out Ameritrade and turned down their offer, then that means that Etrade is waiting for a better offer from another firm after CS bought Ameritrade. Like Fidelity.
Fidelity has to play catsup and mustard with CS now by $1.6T, so they will have their checkbook out as the saying goes. And they have deeper pockets then Ameritrade does.
Good move by Etrade.
Charles Schwab
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.
Fidelity Investments
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.
TD Ameritrade
TD Ameritrade serves over 11 million brokerage accounts. This number includes over 3 million recently purchased Scottrade accounts. TD Ameritrade has over $1 trillion in total managed assets.
E*TRADE
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).
Vangard
Vanguard serves 20 million investors, in about 170 countries (mostly through the mutual funds). Vanguard brokerage service has much fewer clients, probably in 2 to 3 million range. Vanguard has close to 3.6 trillion in global assets under management (mostly through the mutual funds).
Merrill Edge
Merrill Edge serves over 1.4 million brokerage accounts. Merrill Edge has over $114 billion in total assets under management.
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