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Sunday, October 16, 2005

Online Brokerage Consolidation

If you have an online brokerage account you could soon find out that your brokerage account has been sold to Etrade, Ameritrade or Charles Schwab. There is so much consolidation in online brokerage firms that there are some potential takeover candidates. JP Morgan's Brown Co. online brokerage firm was sold to Etrade for an average of $8,000 per Brown Co. account. Also, Ameritrade is about to close a deal to acquire more accounts from TD Waterhouse. OptionsXpress (OXPS) and TradeStation (TRAD) look like good takeover canidates. I especially like TradStation because the fundametals are good, the DARTS (Daily Average Revenue Trades) are growing faster than Etrade or Ameritrade, and their software is popular with active traders.

If you are interested in finding, changing, or comparing online brokers check out my article on comparing online brokers.

5 Comments:

Blogger Salbert said...

Where do you think an investor that isn't active nor passive should put their money in? Scotrade, TD Ameritrade (when deal is done), or Schwab?

10/16/2005 1:48 PM  
Blogger Big Ben said...

Salbert,

Given those three options for online brokerages I would go with Scottrade. They are light on fees, have good commission prices, and I believe they don't have a transfer-out fee. So if you don't like Scottrade you can change brokers without any cost. Plus they have a lot of regional offices you can go and talk to if you have problems.

10/16/2005 3:51 PM  
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10/26/2005 9:55 PM  
Blogger . said...

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10/27/2005 3:47 PM  
Blogger darts-E2BC4 said...

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11/01/2005 1:00 PM  

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