New advisor who worked with the upper stratum of Schwab clients is teaming with another broker in UBS’s Indianapolis branch.
New York judge says antitrust complaint filed from a fledgling registered investment advisory firm failed on procedural grounds but can be refiled.
New role overseeing services for registered investment advisors with under $100 million aims to calm concerns that Schwab will give the smaller RIAs short shrift.
E*Trade and Fidelity officials say they expect to benefit from the merger integration disruption.
Charles Schwab Corp. agreed to buy TD Ameritrade Holding Corp. in a multibillion-dollar deal that will reshape the retail brokerage business.
TDA advisors fret about repapering, integration and service if a deal gets done, and consider custodial alternatives; others celebrate a balance sheet that would rival wirehouses.
First, Charles Schwab Corp. upended the retail brokerage business by cutting commissions to zero. Now, it’s seizing on the turmoil it unleashed to acquire one of its biggest rivals, TD Ameritrade Holding Corp.
Charles Schwab Corp. is buying TD Ameritrade Holding Corp. for $26 billion, with a deal expected to be announced Thursday morning, Fox Business reports, citing unidentified people familiar with the situation.
Charles Schwab Corp. attracted new brokerage accounts at a faster pace in October after offering commission-free trades on funds and stocks.
New survey of brand familiarity finds discount brokerage giants trouncing wirehouses in “unprompted” name recognition across a wide wealth spectrum of investors.