Broker Check

Schwab and TD Ameritrade Merger

December 10, 2019

As I recently shared with clients in an email on the topic, I am not thrilled with the prospect of a Charles Schwab / TD Ameritrade merger.  We will be sticking with them through the transition, I suppose, in part because changing custodians is a major headache, but I will certainly be looking for alternatives if service for small RIAs like us, and our clients, starts to suffer.  I commented recently for Financial Advisor magazine: - they somewhat misquoted me...I did say I would have to keep my options open and would seek alternatives if necessary.