Preparing to appear before Senate subcommittee, TD Ameritrade discloses order-routing revenue
The company made $236 million in revenue sharing in 2013
Related Moves
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
Goldman Sachs nabs TD Ameritrade's Darla Sipolt for RIA custody; Kate Healy, Jim Dario and Peter Dorsey are among 1,000 staffers cut by Schwab post TD merger
Included in the wholesale reduction of the Omaha, Neb.-based broker's redundant talent, about 40% of TD Ameritrade's marketing staff also got word today they have no future with their San Francisco-based owner
October 27, 2020 at 1:20 AM
See more related moves
TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Bill Winterberg
I’m pleased see that this information is being disclosed by TD Ameritrade Holding Corporation.
From a technology perspective, financial advisors have more options today than ever before to seek bid/ask quotes in real time and route trade orders accordingly to market destinations.
This technology helps registered advisors better satisfy their best execution obligation to their investor clients.
Nevertheless, institutions often do assess “trade-away fees” that were highlighted here at RIABiz in November 2013. Advisors must carefully consider the necessity and/or purpose of the trade-away fees charged by institutions.
http://www.riabiz.com/a/65752003/ria-custodians-charge-steep-new-etf-related-fees-that-can-range-into-the-tens-of-thousands-of-dollars-for-big-trades-and-advisors-are-working-to-deal-them
The war aggainst the savers and working people
Ouch, looks like Schwab will get clipped next. All these brokers are too rich, and should not be getting paid for access.
The war aggainst the savers and working people
The system is flexible and whoever bribes the most wins our orders!
