Articles tagged "TD Ameritrade"
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Defying merger doubters, Schwab adds staggering $1.1 trillion RIA assets. Today's trickle of RIA defections may yet build to tsunami size over next three years, rivals say
When Charles Schwab Corp. publicized its deal for TD Ameritrade 17 months ago, it had $1.5 trillion and TDA had $600 billion. Frictional merger RIA spinouts did not materialize and now the combined units boast $3.2 trillion
April 16, 2021 at 9:57 PM
Tom Bradley, put on the spot by TD Ameritrade RIA at Schwab 'town hall,' gives answer to burning question: Just how much repapering pain will TD RIAs face in merger?
The Schwab senior vice president assured his former constituency that agony will be the exception but that complex authorizations have no easy button
April 8, 2021 at 11:32 PM
Natalie Wolfsen's sudden ascent as AssetMark CEO marks a whole new 'liberated' RIA vibe and could be a catalyst to fill service void left by custodian cutbacks
Put in place by AssetMark's new high-powered chairwoman, the Charles Goldman protégé sees a way to take on Envestnet and Schwab after demoting MoneyGuidePro and closing the biggest deal in her company's history
March 11, 2021 at 2:41 AM
Walt Bettinger reveals Schwab projections got 'overwhelmed' by Covid-19-confined 'free' traders, but 'for now,' it's sticking with three-year window to wrap up TD Ameritrade merger
The Schwab CEO, his COO and CFO, say 'unprecedented' demand makes it even difficult to choose what year it'll unify brands and systems with TDA ; still it will aggressively add people to shore up service and continue to make merger-related cuts every quarter
February 4, 2021 at 2:28 AM
Schwab-TD Ameritrade merger layoffs leave many ex-staffers shackled with non-compete agreements, hindering job search amid COVID-19 pandemic
The Charles Schwab Corp. has let go 1,000 mostly former TDA people -- many with generous severance pay -- but some low-level staff claim to have been subjected to vetos of new jobs under non-compete agreements tied to cashing in restricted shares
December 11, 2020 at 4:00 AM
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.
