TD Ameritrade
Goldman to Buy Folio Financial, Venture Into RIA Custody
After absorbing the mass affluent United Capital RIA firm in July, Goldman pushes ahead to custody assets of other RIAs through acquisition of tech-savvy Folio.
Schwab-TD Ameritrade Merger Draws Another Lawsuit
A TD Ameritrade shareholder in New Jersey files to block the merger, claiming inadequate disclosure of assumed valuations used by firms and their bankers.
Serial Litigant Sues to Block TD Ameritrade-Schwab Merger
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.
TD Ameritrade Shareholder Sues to Stop Merger with Schwab
Lawsuit seeking class-action status asserts that merger registration statements are false because they omit valuation analyses.
E*Trade’s RIA Custody Business Faces Uncertain Fate
Morgan Stanley executives appear wary of running an RIA channel that would compete for wealthy clients with its internal advisor force.
Morgan Stanley Sued Over Website Access by Blind Woman
Case seeking $4 million is at least the third filed against brokerage firms in the past two years by visually impaired customers for alleged inaccessibility to their online accounts.
E*Trade Ramps Up Spending in Attempt to Grab Schwab-TD Clients
Discount broker is upgrading RIA servicing technology and its digital platform to take advantage of seismic industry shifts, CEO says.
Schwab Trading Revenue Plunges, Client Assets Hit $4 Trillion Milestone
The San Francisco, Calif.-based discount brokerage pioneer that adopted zero commissions in October, said trading revenue fell 58% in the fourth quarter.
Judge Dismisses Suit to Block Schwab Purchase of TD Ameritrade
New York judge says antitrust complaint filed from a fledgling registered investment advisory firm failed on procedural grounds but can be refiled.
Schwab Hires Ex-TD Ameritrade CEO Tom Bradley on Eve of Merger
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.
Schwab Says TD Deal Good for RIAs and Clients; Competitors Circle
E*Trade and Fidelity officials say they expect to benefit from the merger integration disruption.
