SCHW

Merrill Lynch Starts Online Brokerage

The Merrill Lynch division of Bank of America is starting an online brokerage, and stocks in TDAmeritrade and Charles Schwab each fell when the news came out. The change will occur June 21, and the service will be called Merrill Edge.

Discount Brokers Pushing Savings Products

As the personal savings rate in the US has grown to 4.4% and continues to rise, Charles Schwab, TD Ameritrade and ING Direct are trying to entice investors to save a portion of that growing asset base with them.

ETFs in 2010: Hot. Don't Get Burned

Providers of exchange-traded funds and notes had a strong 2009 and the new year is shaping up to bring more of the same. But what's good for ETF companies isn't necessarily good for investors.