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Charles Schwab Corp. discloses imminent, sweeping 'TD Ameritrade' layoffs, indirectly revealed in new SEC filing that reports it will expense severance mostly in 2023 to gain 'incremental' $500 million synergy in 2024 and beyond

The Westlake, Texas, firm had not previously disclosed the cost of terminations -- people and offices -- or that so many of the farewells will happen by Dec. 30

Author Brooke Southall August 22, 2023 at 12:46 AM
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Peter Crawford: Most costs related to position eliminations will be incurred in the second half of 2023.
Keith Girard contributed to the editing of this article.

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May 25, 2024 at 2:45 AM

Another A-list RIA Schwabbie lands on his feet -- this time at DeVoe & Co. -- after TD Ameritrade merger displacement of 2,000-plus

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May 10, 2024 at 1:29 AM

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November 3, 2023 at 3:49 AM

Apex nabs Jon Patullo from 'Schwabitrade' to 'raise the bar' and make his new firm's RIA system as 'frictionless' as the old one

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October 11, 2022 at 12:40 AM

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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally



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