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.
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.