Phyllis Borzi tightens the noose on 401(k) providers that flout DOL disclosure, not without critics
The idea is to have a de facto big red arrow pointing to key disclosures on revenue sharing but it'll add to the verbiage surplus
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Skip Schweiss exit from TD Ameritrade means the RIA custody business lost its most visible corporate-paid advocate -- for the moment
TD's now ex-managing director of advisor advocacy is set to become the FPA president, but most peers agree the 58-year-old is poised to 'write his ticket' with another custodian or national RIA
August 5, 2020 at 9:33 PM
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
Robinhood gets 'brilliant' upper manager -- and a spare CEO -- by nabbing TD Ameritrade's ex-thinkorswim top exec, hopefully to throw a lifesaver to Robinhood's sinking stock
The Menlo Park, Calif., firm nabbed Steve Quirk as first-ever chief brokerage officer to 'bridge the gap between academia and reality.'
January 6, 2022 at 10:33 PM
Oisín's snippets: Charles Schwab brand goes up on Omaha's TD Ameritrade stadium, home of college baseball world series • Interactive Brokers lands an RIA custody insider, Charlie Latimer, to climb the custodian ladder
The TDA brand lives on until the techies figure out how to make two systems into one, but change is in the air in Omaha, while Interactive Brokers gets a leg up in the custody business with a new hire.
December 27, 2021 at 9:58 PM
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Pension Resource Institute, LLC
Compliance Expert
Top Executive: Jason C. Roberts
Retirement Law Group, PC
Top Executive: Jason C. Roberts
Tom Zgainer
There are about 11 NCIS shows out there, and we seem to have created a new one for 401k forensics. No business owner by their own volition would ever purchase anything that would require, 22, or 28, or 35 pages to explain who gets paid, and how much. It is so easy to get it on one page, which we do countless times per week for our clients. However we cant expect them to basically decode what is like an abridged version of a Bible in Latin, which back in the 1400 and 1500’s barely anyone could read, so they had to trust the preachers to tell them what was in there, and what to believe. All will be ok, if you just pay us these indulgences. Its not different than plan sponsors THINKING everything is ok, they are in good hands with their providers, brokers, insurance companies, etc, who are in fact pillaring the future savings of the participants saddled with egregious investment related costs that serve little purpose but to line multiple pockets.
Brooke Southall
Seriously, how difficult is it to get it on one page!
Brooke
