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Articles tagged "TD Ameritrade"


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Walt Bettinger:  [Exiting Russia] was the right thing to do.

Schwab shares surge 6% after it hardens TD Ameritrade merger date and affirms its $1.8-billion-plus in synergies, though it got burned by having engineers in the wrong place at the wrong time

The $8-trillion Texas firm had to rewire TDA's signature 'thinkorswim' software after learning engineers were based in heavily sanctioned Russia

October 27, 2022 at 10:23 PM

Robb Baldwin: The reality is … 100% of advisors will be impacted.

Schwab Advisor Services refuses to flinch in the face of fresh claims that TD Ameritrade RIAs will do 'significant' repapering when Schwab accounts for all aspects of the merge

The $3.5 trillion custodian concedes a count-on-one-hand number of RIAs have such exotic systems that manual intervention is needed, but otherwise, it's all good.

October 13, 2022 at 11:02 PM

Jon Patullo: I look forward to ... build[ing] solutions that directly address the needs of independent advisors and their networks.

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

The loved and admired TD Ameritrade software chief will bring his playbook -- and possibly Schwab's -- to Apex, which continues to try putting a winning front-end on its old Penson backend, a source says

October 11, 2022 at 12:40 AM

TD Ameritrade remains a company with an autonomous brand and management information systems .

Boom, boom, boom, Charles Schwab Corp. just spent $220 million to shuck three lawsuits--a likely 'deck clearing' before the TD Ameritrade merger closes, say multiple analysts

A 2017 Scottrade class action suit inherited from TD Ameritrade, a robo-advice disclosure settlement, and TDA merger class action have all gone poof.

July 18, 2022 at 9:15 PM

Stephen Greco is taking on the RIA superpowers using mafia law to attempt to level the playing field.

Stephen Greco's six-year quest to prove Creative Planning, Schwab, Fidelity and TD Ameritrade engaged in a 'conspiracy' against his RIA has even the experts baffled

In his latest move, the Spotlight Asset Group founder files a 'RICO' civil suit in federal court that one defendant calls 'ludicrous.'

June 7, 2022 at 4:27 AM

Walt Bettinger: I kept saying, ‘I have no issue with that whatsoever.'

Walt Bettinger finally arrives in Omaha, Neb., to meet-and-greet ex-TDA staff and the local press, offering a good story to tell and liberalized post-Covid work policies

The Charles Schwab Corp. CEO traveled to TD Ameritrade's former headquarters with senior TDA staff, buoyed by the happy news that headcount jumped by 300.

March 23, 2022 at 2:24 AM

Bharat Masrani: We are laying the foundation for a fully national commercial franchise.

Toronto-Dominion Bank's bid to reestablish the TD brand for U.S. wealth management takes a $13-billion step forward

The Toronto owner of Cherry Hill, N.J.-based TD Bank is adding First Horizon and its 412 branches to its growing U.S. footprint -- sweeping East to West

March 1, 2022 at 4:05 AM

Jonathan Craig: Dual registration allows TDA [reps] ... to offer their clients both TDA and Schwab products and solutions in advance of account conversion.

Charles Schwab & Co. registers TD Ameritrade brokers to rep Schwab products and to retain clients who chose to convert to 'Schwab'

The Westlake, Texas giant registered TD Ameritrade reps en masse to its own broker-dealer so they can now reclaim clients who pre-converted to Schwab and also buy and sell Schwab products, open Schwab accounts, manage them, and even get paid on it all

February 8, 2022 at 11:20 PM

Steve Quirk oozes with potential to climb higher Robinhood rungs that transcend "trading," say multiple sources

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

TDA is out at the college baseball world series stadium;  Schwab's is in until at least 2029.

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

John Tovar: 'We are aware of some instances recently where TD Ameritrade Institutional clients have not received the level of service we pride ourselves on delivering.'

Charles Schwab Corp. is crash-hiring TD Ameritrade Institutional staff-- amid wild growth-- to quell RIA service howls, but cautions to hold off custody switch to Schwab to avoid repapering

The Westlake, Texas broker-dealer and custodian of $8 trillion of AUA is hiring at least 140 people, including 50 already signed to handle an upsurge in demand.

December 14, 2021 at 1:54 AM

Ken Thompson: We are currently unable to discuss details of our relationships with TD Ameritrade/Charles Schwab.

TD Bank basks in the glow of Schwab's $100 million TD Ameritrade marketing spend as it hires 350 advisors and launches competing robo using same branding

Toronto-Dominion Bank's other U.S. offspring will hit the ground running with upped wealth management manpower thanks in part to its logo-share with Schwab.

December 2, 2021 at 3:17 AM

​ Brian Cavanaugh: 'Schwab is trying to protect themselves.' ​

Schwab Advisor Services informs its 13,000 RIAs -- including legacy TD Ameritrade practices -- they must buy E&O insurance, but rival Fidelity is taking a different tack--voluntary compliance

The Westlake, Texas, custodian is cracking down at a time when states are mandating errors and ommissions policies, RIAs are getting bigger, more complex and phishing attacks are increasing in volume and sophistication.

October 8, 2021 at 2:12 AM

Walt Bettinger is making sure the commissions and fees under the TD Ameritrade and Schwab brands harmonize -- and sends a signal to rivals that free recordkeeping has its price.

Charles Schwab & Co. jacks up mutual fund commissions 50% to $74.95 on retail investors to counter freeloading by Vanguard, Fidelity and Dodge & Cox funds -- but RIAs dodge the crossfire

The $7.6-trillion, Westlake, Texas, firm is also taking TD Ameritrade sell commissions to zero on mutual funds to harmonize with its own price schedule.

August 31, 2021 at 10:30 PM

Steve Sanders: When the merger was announced ... you had all this hype ... but when push came to shove ... it quieted down.

Defying merger doubters, Schwab adds staggering $1.1 trillion RIA assets. Today's trickle of RIA defections may yet build to tsunami size over next three years, rivals say

When Charles Schwab Corp. publicized its deal for TD Ameritrade 17 months ago, it had $1.5 trillion and TDA had $600 billion. Frictional merger RIA spinouts did not materialize and now the combined units boast $3.2 trillion

April 16, 2021 at 9:57 PM

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