How Schwab's Deal to Acquire TD Ameritrade Reshapes the Industry

Nov.27 -- Charles Schwab Corp. agreed this week to buy TD Ameritrade Holding Corp. for about $26 billion in a deal that will reshape the retail brokerage business. Todd Rosenbluth, head of ETF and mutual fund research at CFRA, talks with Bloomberg's Scarlet Fu, Eric Balchunas and Annie Massa about the deal, recent flows in equity and fixed income ETFs, the race for low fees and future consolidation in the retail brokerage business.

Bloomberg,