NEW YORK, Sept 20 (Reuters) - Online brokerages are expected to be in bigger demand as budget-conscious money managers and investors change their investing habits, and seek lower fees, according to a report in the Sept. 21 edition of Barron's.
The financial newspaper said TD Ameritrade Holding and Charles Schwab are among the stocks expected to benefit as investors change fine tune how they invest.
Brian Angerame, a portfolio manager at ClearBridge Advisors, sees both Schwab and Ameritrade picking up business from investors who are more cost savvy and careful in the wake of the financial crisis, said Barron's.
'It will be generational. Have I started changing? Everyone has,' Angerame told the paper.
Jim Tierney, portfolio manager of W.P. Stewart Growth told Barron's Schwab was in a good position to beat competitors on price.
The firm itself forecasts 8 to 10 percent organic growth in assets. Tierney predicts the shares could 'easily' rise into the mid-$20 range, according to Barron's.
Schwab's shares closed on Friday at $17.71, far short of a trading price of $28.75 a year ago. TD Ameritrade's stock ended the week at $19.71, also below the $23.48 price its shares fetched last September, according to Reuters data.
(Reporting by Lilla Zuill; Editing by Marguerita Choy) Keywords: SCHWAB AMERITRADE/ (lilla.zuill@thomsonreuters.com;+1 646 223 6281) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The financial newspaper said TD Ameritrade Holding and Charles Schwab are among the stocks expected to benefit as investors change fine tune how they invest.
Brian Angerame, a portfolio manager at ClearBridge Advisors, sees both Schwab and Ameritrade picking up business from investors who are more cost savvy and careful in the wake of the financial crisis, said Barron's.
'It will be generational. Have I started changing? Everyone has,' Angerame told the paper.
Jim Tierney, portfolio manager of W.P. Stewart Growth told Barron's Schwab was in a good position to beat competitors on price.
The firm itself forecasts 8 to 10 percent organic growth in assets. Tierney predicts the shares could 'easily' rise into the mid-$20 range, according to Barron's.
Schwab's shares closed on Friday at $17.71, far short of a trading price of $28.75 a year ago. TD Ameritrade's stock ended the week at $19.71, also below the $23.48 price its shares fetched last September, according to Reuters data.
(Reporting by Lilla Zuill; Editing by Marguerita Choy) Keywords: SCHWAB AMERITRADE/ (lilla.zuill@thomsonreuters.com;+1 646 223 6281) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.