TD Ameritrade Kicks E*Trade While It's Down

In a full-page ad in Friday's Wall Street Journal, TD Ameritrade does what it can to nurture any nagging doubts that might lately have sprouted in the back of the minds of a certain competitor's customers [Emph. added]:

Simply put, TD AMERITRADE doesn't own subprime or SIV market-related securities, period. And our parent company doesn't own any banking or mortgage companies making direct loans to consumers. The bottom line: you can concentrate on your investments. Not your brokerage company.

Subtle! Then again, if you can't kick 'em when they're down, when can you kick 'em?

Comments

[Joe-Bob:]

OK, Ameritrade has kicked E-trade while it was in prone position on the ground. Will they now pick up said company, dust them off, rub and salve the bruise left from the aforementioned kick and bring them into the Ameritrade fold? Will there be a kissing and a making up and a "no hard feelings, let me buy you a drink"? We opportunists who purchased E-Trade stock after it fell to the ground last week eagerly await to hear!

2007 Nov 18 01:16 PM

[Tai:]

If you liked the ad in the Journal, you'll enjoy this video. youtube.com/watch?v=6u...

2007 Nov 18 11:54 PM

[User 123850:]

I left TD due to their non-existent "customer service." Difficult or impossible to reach my "dedicated" representative. Left phone messages that were never returned. Wrote emails that were never returned.

E*Trade offers high-yield savings, ACH transfer to any number of accounts, dividend re-investment on all stocks, NTF mutual funds with automatic investment, free bill pay, high interest checking, ATM transactions reimbursed, etc. All of these services and others can be set up very easily through the website. TD is a nightmare, it takes numerous phone calls to try to get anything done, and then a few more to get it done right. I am hoping that E*Trade remains a separate company, as I will not go back to TD.

2007 Nov 19 02:21 PM

[helplessobs...:]

User 123850 has it right, ET is a superior trading platform and their technical analysis data is endless. I only wish the regular account streamer would quote options. Have complained, but they seem to want it for the PowerEtrade accounts. I have ACH transfers both at ET and TDAmeri. and it beats the $$ charges for wire transfers.

2008 Jan 06 10:05 PM