Investment Advisers Fear Losing Out in a Schwab-TD Ameritrade Deal

  • 📰 WSJ
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Charles Schwab agrees to buy rival TD Ameritrade in a stock-swap transaction valued at about $26 billion

Wall Street has roared its approval for Charles Schwab Corp.’s plan to buy TD Ameritrade Holding Corp., but the proposed deal isn’t sitting well with one key group: the financial advisers who park their clients’ money with the big online brokerages.

On Monday, Charles Schwab said it agreed to buy smaller rival TD Ameritrade in a stock-swap transaction valued at about $26 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FOH I ain't letting that sham AF company handle my 401K, I will be moving it

What I notice the most is that the combined company will be based in Westlake, Texas. Charles Scwab abandoning San Francisco as it’s HQ. A little sad for Omaha as well. I won’t step foot in San Francisco....

Obscene!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA

Canada Canada Latest News, Canada Canada Headlines