TD Ameritrade-Scottrade Deal a ‘Brillant Play’ in RIA Space: Analyst
The merger makes strategic sense and comes right as rival Schwab kicks off its yearly RIA event, says Tim Welsh.
TD Ameritrade, TD Bank Said Near $4B Scottrade Deal
Deal would combine two of the largest online brokerages; Scottrade now works with about 1,000 RIAs.
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 Says Hybrid Is Right Tech Model as Profits Improve 8%
CEO Fred Tomczyk also says that the new DOL fiduciary rule will entail slightly higher costs and plenty of review.
Schwab, TD Ameritrade Top Estimates on Strong Q4 Asset Gains
Schwab has over $2.5 trillion in assets, while TD Ameritrade has $695 billion.
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.