RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Walt Bettinger axes current and former Schwab retail chiefs, Terri Kallsen and Andy Gill; funnels responsibilities to Jonathan Craig, for now

The Schwab CEO is 'restructuring,' which includes cutting the Chairman's Club program that sent 200 top performers to Hawaii on a free junket

Author By Lisa Shidler July 24, 2019 at 12:53 AM
no description available
Terri Kallsen perhaps never stood a chance.

kevin starkey

kevin starkey

July 24, 2019 — 2:37 PM
When the forecast calls for a recession, these cuts and corporate disorganizational moves just make sense...well they make sense to someone!
Horace Moning

Horace Moning

July 25, 2019 — 1:44 AM
Hi thank for the reading but I want help opening an account to invest with thank you.
Brian Shenson

Brian Shenson

July 25, 2019 — 9:54 PM
They were not axed. Teri and Andy left voluntarily to pursue other opportunities. Opportunities which I cannot get into at this time, but which you will hear about in the future.
Ben

Ben

July 28, 2019 — 7:00 PM
Best company I ever worked for.
DEX

DEX

September 11, 2019 — 8:01 PM
The buck has to stop somewhere (beneath me).
James Richards

James Richards

October 15, 2019 — 3:12 PM
Sounds to me like the all male bank does not like women. What a crock of poop. I would sue them for gender discrimination.

Related Moves

A canary in the coal mine, Amy Richardson left Charles Schwab & Co. for an RIA -- before the 2,000 layoffs -- now a robust job market is saving the Schwab diaspora, she says

The former Schwab director wants former colleagues to know life exists after Schwab and good job opportunities are plentiful in the financial services sector.

December 20, 2023 at 1:52 AM

Robinhood gets 'brilliant' upper manager -- and a spare CEO -- by nabbing TD Ameritrade's ex-thinkorswim top exec, hopefully to throw a lifesaver to Robinhood's sinking stock

The Menlo Park, Calif., firm nabbed Steve Quirk as first-ever chief brokerage officer to 'bridge the gap between academia and reality.'

January 6, 2022 at 10:33 PM

Oisín's snippets: Charles Schwab brand goes up on Omaha's TD Ameritrade stadium, home of college baseball world series • Interactive Brokers lands an RIA custody insider, Charlie Latimer, to climb the custodian ladder

The TDA brand lives on until the techies figure out how to make two systems into one, but change is in the air in Omaha, while Interactive Brokers gets a leg up in the custody business with a new hire.

December 27, 2021 at 9:58 PM

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

See more related moves

Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo