Scottrade Said to Be Exploring Sale to TD Ameritrade
There is speculation that the discount broker, which works with about 1,000 RIAs, could be bought by TD Ameritrade.
TD Ameritrade CEO Tomczyk to Retire; Board Taps Hockey as Replacement
Tim Hockey, to become CEO in September, is the head of TD Bank Group’s Canadian banking and wealth management business.
TD Ameritrade Meets Q3 Earnings Expectations, Boosts Sales
The brokerage firm now has about $667 billion of client assets, $156 billion of which are in fee-based accounts.
Financial Stocks Under Pressure
Some broker-dealers and related shares fell more than the market on Monday in volatile trading.
TD Ameritrade Tops Estimates, Cites ‘Breakaway Brokers’ as a Factor
CEO Fred Tomczyk is upbeat on the attractiveness of the firm’s institutional platform and its sales pipeline.
Schwab, TD Ameritrade Post Strong Asset Growth, Beat Indexes
Schwab reports total assets of $2.57 trillion — $1.27 trillion of which is advised assets; TD has total assets of $710 billion.
SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
TD Ameritrade Taps Bank CFO to Replace Gerber
Steve Boyle, who has worked for the firm’s affiliate since 1997, will take over in October.
Schwab, Fidelity Stop Sales of Schorsch-Led Nontraded REITs
The custodial firms join a growing number of broker-dealers abandoning American Realty Capital and Cole products after an accounting scandal.
82% of RIAs Expect Boost in M&A Deals: TD Ameritrade Survey
Yet only 8% say they really expect to complete tuck-ins of advisor teams this year.