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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

Tuesday, September 1, 2020 – 1:37 AM by Oisin Breen
Admin:
no description available
Jim Dickson: You will see Merrill shrink [its] training program ... and follow Fidelity's lead.

Related Moves

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 – 10:33 PM

Mark Tibergien sets up Ben Harrison to challenge Schwabitrade with a $150 million cut to Pershing's minimum and millions more to develop Veo-busting technology

The CEO suite hand-off in Jersey City pulls a trigger on a plan to bypass Fidelity's and eventually Schwab's custody units by luring disaffected RIAs.

March 11, 2020 – 7:58 AM

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 – 9:58 PM

Fidelity Investments is paying 2,000 employees to hasten their corporate exits, including high-profile RIA overseer, Sanjiv Mirchandani, as part of its shift to a digital future

The Boston giant offered voluntary buyout packages and the 4% of staff who accepted will leave by June 30 to give other staff room to grow careers and make room for hires.

June 24, 2021 – 5:39 PM

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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally




Jean A Heilman

Jean A Heilman

December 12, 2020 — 10:39 PM
I do hope that the young man who has been helping me is still with you. He came to you from USAA recently. He has been helping me make decisions about my money. I would like to know if he is still with you. His name is Kevin Parkville. I would appreciate very much if you can tell me about Kevin. Thank you, Jean Heilman, heilmanj10@gmail.com or 903-244-0889.

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