The lawsuit is at least the third filed by a TD Ameritrade shareholder alleging “materially incomplete” disclosures about its pending sale to Charles Schwab Corp.
The record pace of RIA mergers and acquisitions is likely to slow as the pandemic inhibits processes and valuations, bankers say.
Lawsuit seeking class-action status asserts that merger registration statements are false because they omit valuation analyses.
Shareholders will vote on pay and proposals for stronger disclosure of diversity efforts and lobbying dollars at Schwab’s May annual meeting, which will be held online this year.
Virginia advisor who joined an LPL-affiliated firm two years ago agrees to refrain from further calling former clients, even if he had contact information from memory, but avoids monetary penalties.
Experienced advisors on average earned $231,000 in total compensation in 2018, up from $200,000 in 2014, according to a Schwab compensation study
Discount broker is upgrading RIA servicing technology and its digital platform to take advantage of seismic industry shifts, CEO says.
The San Francisco, Calif.-based discount brokerage pioneer that adopted zero commissions in October, said trading revenue fell 58% in the fourth quarter.
New advisor who worked with the upper stratum of Schwab clients is teaming with another broker in UBS’s Indianapolis branch.