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.
TD Ameritrade Holding Corp. Chief Executive Officer Tim Hockey said his departure from the online brokerage no later than the end of February 2020 has nothing to do with mergers and acquisitions, “pro or con.”
TD Ameritrade’s new voice-activated investing technology brings investors one step closer to trading while driving.
Money and autonomy in working with clients remain strong incentives for brokers to become independent fee-based advisors but transitions remain challenging, RIA custodian says.
TD Ameritrade Holding Corp. trimmed digital advertising spending due to a lack of interest from retail investors, according to chief executive Tim Hockey.
Brokerage firm agrees in principle to make technology changes and pay legal fees to former customer but avoids class-action claims.