Interactive Brokers follows up IBKR Lite's September launch with fractional share trading for individual accounts; advisors will get the option in coming weeks.

Schwab's acquisition of TD Ameritrade raises a thorny issue for integrating automated investment platforms, notes one analyst.

The investors claim that E*Trade promised to disclose the rate but didn’t disclose that certain securities were being designated hard to borrow until last month, and didn’t disclose what the estimated interest rate would be before trades were placed.

Any challenge would focus on the RIA custody business, analysts said, even as CEO Walt Bettinger downplays their market position. 'Folks are running away a little bit with these assumptions around percentage of RIA custody.'

After acquiring TD Ameritrade, some say Schwab’s next move could be to charge for custody services. Fidelity already does.

Charles Schwab Corp. had been considering eliminating fees as early as the 1990s.

Competitors wasted no time joining the fray, leveling a range of criticisms at Schwab's move to acquire TD Ameritrade.

Daren Blonski, co-founder of Enso Wealth, a home for Edward Jones' breakaways, leaves to start his own RIA, Sonoma Wealth Advisors.

Pending approval of its acquisition of TD Ameritrade, Schwab will move to Texas. Both firms already have footprints in the Lone Star State.

Schwab agreed to acquire TD Ameritrade in an all-stock transaction the companies say is valued at $26 billion, or about $48.50 per share.