Articles tagged "TD Ameritrade"
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Charles Schwab shutters 79% of TD Ameritrade branches -- though 140 will cohabitate with a next-door Schwab branch -- and refers legacy TDA assets to legacy TD RIA custody clients
The San Francisco retail brokerage will keep 400 branch addresses and no legacy Schwab assets will get referred to a 'TDA' RIA for now.
November 11, 2020 at 12:27 AM
Goldman Sachs nabs TD Ameritrade's Darla Sipolt for RIA custody; Kate Healy, Jim Dario and Peter Dorsey are among 1,000 staffers cut by Schwab post TD merger
Included in the wholesale reduction of the Omaha, Neb.-based broker's redundant talent, about 40% of TD Ameritrade's marketing staff also got word today they have no future with their San Francisco-based owner
October 27, 2020 at 1:20 AM
Bernie Clark and Tom Bradley reign again atop RIA custody as Charles Schwab & Co. confirms TD merger cuts, but keeps Kim Hillyer, James Kostulias, Lee McAdoo, Jon Peterson and Andrew Yolin
The blow softened by big-time golden parachutes, Schwab cut loose Tom Nally, Peter deSilva and Steve Boyle coming only three days after the Tuesday deal closing; Schwab already has RIA custody, retail leadership heads and a CEO.
October 10, 2020 at 2:51 AM
The Schwab-TD Ameritrade merger creates one big identity crisis; Is it still a self-proclaimed 'challenger,' per Walt, or 'unbelievable fortress,' per Chuck?
CEO Walt Bettinger calls his company a 'challenger' six times in quick succession; but Chairman Chuck Schwab insists his firm now has no equal
October 8, 2020 at 3:40 AM
Champagne on ice, TD Ameritrade cancels 2021 LINC in San Diego and encourages RIAs to attend Schwab's virtual IMPACT, which is $299 until the merger date then jumps up
With the Omaha and San Francisco -based firms merging Tuesday, TD cancels the event citing COVID and the fact that a virtual event is a poor substitute
October 2, 2020 at 6:24 PM
Despite dissenting Fed vote, Charles Schwab Corp. cleared to close TD merger Tuesday, and 'Schwabitrade' looks less fearsome than anticipated
Fed Board member Lael Brainard voted 'no' on creating a new category killer but the San Francisco discount broker and RIA custodian got what it wanted; Schwab, TD Ameritrade shares rise on the news.
October 1, 2020 at 9:48 PM
Fidelity, Schwab, Robinhood and even (days numbered) TD Ameritrade are hiring thousands of staff -- even as Merrill Lynch hits a snag-- what's that say about free trading?
Schwabitradehood's growing pains aren't just in website glitches but also to keep hold times to a mimimum in the phone service queue
September 1, 2020 at 1:37 AM
Charles Schwab had an easy decision to keep afloat TD Ameritrade's thinkorswim platform, but Veo and Veo One are more likely to be scuttled post-merger
TD bought Thinkorswim for $600 million a decade ago; it remains an industry leader and RIA favorite for hedging portfolios -- and it will mesh with Schwab's platforms
August 11, 2020 at 5:11 AM
Skip Schweiss exit from TD Ameritrade means the RIA custody business lost its most visible corporate-paid advocate -- for the moment
TD's now ex-managing director of advisor advocacy is set to become the FPA president, but most peers agree the 58-year-old is poised to 'write his ticket' with another custodian or national RIA
August 5, 2020 at 9:33 PM
Walt Bettinger expects 'hundreds' of Charles Schwab Corp. staff tasked with wiring TD Ameritrade merger to soon soar to 'thousands' of Schwab and TD workers
The Charles Schwab Corp. CEO reassured Wall Street analysts looking for a sign Schwab believes what it promises about an imminent closing that it has yet to schedule.
August 4, 2020 at 6:12 AM
Envestnet nabs Dani Fava to cross-pollinate semi-autonomous units and reap 'financial wellness' as the end product
The Chicago outsourcer has a massive, partially disconnected arsenal of products that CEO Bill Crager is rationalizing into 'wellness' with yet another new unit.
July 23, 2020 at 1:42 AM
Odds spike to 100% Schwab and TD Ameritrade close merger, cinch added $9 billion in synergies, Morningstar analyst says, after DOJ dismisses anti-trust concerns and Schwab shareholders vote 'yes' hours later
Deemed a non-monopolistic duo, TD Ameritrade and Schwab shares soar, closing timetable moves up and Schwab dilutes its own stock with float of 300 million shares
June 5, 2020 at 2:17 AM
When Interactive Brokers sweetened its RIA custody offering in 2019, it worked -- so now it's investing in more sugar
The Greenwich, Conn. custodian now has 25,000 funds on its supermarket, new simplified trading software and a heightened sense of urgency as Wall Street scoops up competitors
June 3, 2020 at 4:43 PM
The odds are now 75% that Charles Schwab Corp. swallows TD Ameritrade Holding, says Morningstar, a probability Wall Street math and internal memos seem to support
With Thursday set for TD and Schwab virtual shareholder votes, August is circled on the calendar for a 'Schwabitrade' close, memos suggest, with the TD brand sticking around for ... quite a while
June 2, 2020 at 2:15 AM
Amid 800-person hiring spree, TD Ameritrade interim CEO Steve-Boyle delivers sparkling results, underscores quick 100% work-at-home transition-- and calls Schwab merger efforts 'critical' and on-schedule
The Omaha, Neb. discount broker is luring net new assets as if the TD brand will be around forever, and no staff member will ever become redundant, even if its CEO's tenure will presumably self-expire
