Friday, July 07, 2006

Discount brokers rise again amid commission cuts

Discount brokers rise again amid commission cuts

Discount brokers such as Ameritrade and Charles Schwab Corp. have bounced back from the dot-com bust in which they lost 90% of their market value. Customers are shifting ever larger amounts of their investment dollars to the lower-cost operators, which now control about 10% of Americans' financial assets.

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