Brokers join rush to offer fund supermarkets

Professional Adviser
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Online stockbrokers TD Waterhouse and E*Trade are expecting to launch online funds supermarkets ...

Online stockbrokers TD Waterhouse and E*Trade are expecting to launch online funds supermarkets by as early as the end of next week. These would allow share traders to add units in unit trusts and OEICs to the direct equities they hold in self-select Isas. Paul Stallard, TD Waterhouse's vice-president of marketing, said other additions would be made later this year, which might include educational material online. Other online brokers such as Barclays Stockbrokers and SelfTrade are launching funds supermarkets, and StockAcademy.com and online information provider www.widelearning.com base...

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