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Why exactly E*Trade is paying $275 million cash for Trust Company of America

CEO Karl Roessner cites his firm's high demand for an RIA foothold in a low-supply market to counter RIAs and wirehouses preying on E*Trade's HNW investors

Author Brooke Southall October 20, 2017 at 9:12 PM
0 Comments
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Karl Roessner: A lot of the assets that leave us through that channel do indeed go either to bulge bracket firms or to RIA channel, and it is something that we think we can use to harvest additional share of wallet.

Sandler O'Neill

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Michael Pizzi

Trust Company of America

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E*Trade

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Karl Roessner

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Richard Henry Repetto
Mentioned in this article:

E*TRADE Advisor Services
Asset Custodian
Top Executive: Joshua Pace

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