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CEO Walt Bettinger had to explain why retention of TD Ameritrade assets is so good yet Schwab's fourth quarter net new assets still took a nosedive

Schwab is experiencing little slippage at all from TDA investors but unseen, largely inexplicable, investor malaise took a bite out of the triumph

Author Lisa Shidler January 18, 2024 at 4:06 AM
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Walt Bettinger: Perhaps it was the most challenging in my time at Schwab.
Brooke Southall and Keith Girard contributed to the editing of this article.


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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally



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