Morgan Stanley report: TD Ameritrade and other rivals may face pricing dilemma after Schwab price chop
San Francisco broker can cut commissions with relative impunity now that it has shifted primarily to fees
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Walt Bettinger axes current and former Schwab retail chiefs, Terri Kallsen and Andy Gill; funnels responsibilities to Jonathan Craig, for now
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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
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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
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Frederick Van Den Abbeel
Brooke, great article. Previously, to qualify for the lower pricing required that the client account elect to receive both online statements and trade confirmations in order to receive the lower price. Brooke, is the lower pricing in effect even if clients elect to receive paper statements and paper confirms?
