Stock Brokerages With The Most Account Closures

Posted By on December 10, 2010

According to research released today by Cogent, affluent Americans are closing brokerage accounts an increasing clip: 13% of affluent individuals closed at least one account in the last 12 months, more than twice the pace of account closures in the previous five years.

Fidelity Investments:            15%

Wells Fargo Advisors:           11%

Merrill Lynch:                       10%

E*Trade:                              10%

Morgan Stanley  SB:                8%

TD Ameritrade:                      8%

Charles Schwab:                     7%

Ameriprise:                            6%

Vanguard:                               6%

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