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Charles Schwab Corp. CFO proclaims TD Ameritrade RIA conversion a 'tremendous success,' but Wall Street dour after he also disclosed TDA-'originated' $20-billion-plus assets flowed out in August

Peter Crawford points out the $1.3-trillion in converted RIA custody assets equals 100% of all TDA assets in October 2019 and that the RIA accounts were 40% more than all of retail's transition in May

Author Brooke Southall September 16, 2023 at 3:09 AM
1 Comment
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Peter Crawford: "The majority of these deal-related outflows have been attributable to Ameritrade RIA clients.

RIA Custodians



September 17, 2023 — 2:40 PM
Does anyone have a breakdown of what custodians the RIA outflows went to?

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Mentioned in this article:

TD Ameritrade
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Top Executive: Tom Nally

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