TD Ameritrade takes on Schwab with big consulting push
Smaller custodian will seek to democratize consulting advice on behalf of smaller advisors
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TD Ameritrade's board suddenly pushes out Tim Hockey after his big misread of RIAs; Tom Bradley name-dropped as successor
The CEO broke the TD promise never to compete with RIAs, took it back and got sent packing
July 23, 2019 at 4:30 AM
Fidelity will hire 4,000 staff in first half -- a staggering number but a tapering off from 'unprecedented' rate in 2021-2022 that catapulted it to 68,000 employees
The $10.3 trillion giant explains its hiring -- in a layoff environment -- as an RIA-like goal, namely having the human bandwidth to develop 'lifetime' relationships with its 40 million investors
February 17, 2023 at 2:49 AM
Apex nabs Jon Patullo from 'Schwabitrade' to 'raise the bar' and make his new firm's RIA system as 'frictionless' as the old one
The loved and admired TD Ameritrade software chief will bring his playbook -- and possibly Schwab's -- to Apex, which continues to try putting a winning front-end on its old Penson backend, a source says
October 11, 2022 at 12:40 AM
UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture
Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.
July 16, 2022 at 1:35 AM
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh
Dan Edwards
Tell me more. I usually direct my rollover clients to your platform for my advisery services.
Await your reply and more about the new service…
Tx
Dan Edwards
Prism Fund Solutions, Inc.
Registered Investment Adviser (RIA)
Accredited Investment Fiduciary ® (AIF)
Professional Plan ConsultantTM (PPC)
Paladin Registry 5 Star Advisor
www.paladinregistry.com/index.php
1679 Watermark Circle, N.E.
St. Petersburg, Florida 33702
daned@tampabay.rr.com
dan@prismfundsolutions.com
727-580-6006 cell
Elmer Rich III
Is it just me or is anyone else a bit skeptical of custodians morphing into consultants, M&A advisors, tech enablers, etc? Where is the knowledge base, intellectual property, practice experience and seasoned leadership going to come from for all this?
It seems like there is plenty of profitable growth in the plain old custodian business.
