Preparing to appear before Senate subcommittee, TD Ameritrade discloses order-routing revenue
The company made $236 million in revenue sharing in 2013
Bill Winterberg
I’m pleased see that this information is being disclosed by TD Ameritrade Holding Corporation.
From a technology perspective, financial advisors have more options today than ever before to seek bid/ask quotes in real time and route trade orders accordingly to market destinations.
This technology helps registered advisors better satisfy their best execution obligation to their investor clients.
Nevertheless, institutions often do assess “trade-away fees” that were highlighted here at RIABiz in November 2013. Advisors must carefully consider the necessity and/or purpose of the trade-away fees charged by institutions.
http://www.riabiz.com/a/65752003/ria-custodians-charge-steep-new-etf-related-fees-that-can-range-into-the-tens-of-thousands-of-dollars-for-big-trades-and-advisors-are-working-to-deal-them
The war aggainst the savers and working people
Ouch, looks like Schwab will get clipped next. All these brokers are too rich, and should not be getting paid for access.
The war aggainst the savers and working people
The system is flexible and whoever bribes the most wins our orders!
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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
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
