Estimated reading time: 0 minutes, 22 seconds

Schwab, TD Ameritrade Deal Could Hurt RIAs

The proposal by Charles Schwab to acquire TD Ameritrade Holdings in a $26 billion deal would give the resulting combined entity huge control of the custodian industry, which in turn could hurt registered investment advisors’ abilities to offer flexible services. So reports Financial Planning.

Additionally, Schwab says the new headquarters for the combined firm would be in Westlake, Texas, which could create logistic, staffing and general office operations issues.

Read the full article from Financial Planning.

Read 3060 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.