TD Ameritrade and Schwab at odds on franchise model
TD's CEO Fred Tomczyk questions Schwab's approach to greater distribution using independent contractors
Elmer Rich III
There are proliferating niches in all financial services markets (they’re called “market segments”). Chances are each firm is spot-on for their market segment, but dead wrong for the others’.
It’s like tastes in ethnic foods – whose wrong? Well, the Ethiopians eat sheep’s eyeballs. That’s wrong.
Frederick Van Den Abbeel
Regardless of the approach it seems to be a very slippery slope. The conflicts of interest are quite obvious — and the line seems quite thin! Being able to speak from both side of one’s mouth is a skill the retail custodians have perfected.
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Apex nabs Jon Patullo from 'Schwabitrade' to 'raise the bar' and make his new firm's RIA system as 'frictionless' as the old one
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Robinhood gets 'brilliant' upper manager -- and a spare CEO -- by nabbing TD Ameritrade's ex-thinkorswim top exec, hopefully to throw a lifesaver to Robinhood's sinking stock
The Menlo Park, Calif., firm nabbed Steve Quirk as first-ever chief brokerage officer to 'bridge the gap between academia and reality.'
January 6, 2022 at 10:33 PM
Oisín's snippets: Charles Schwab brand goes up on Omaha's TD Ameritrade stadium, home of college baseball world series • Interactive Brokers lands an RIA custody insider, Charlie Latimer, to climb the custodian ladder
The TDA brand lives on until the techies figure out how to make two systems into one, but change is in the air in Omaha, while Interactive Brokers gets a leg up in the custody business with a new hire.
December 27, 2021 at 9:58 PM
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
