Schwab says attrition rates from Ameritrade acquisition in-line or slightly better than estimates

Charles Schwab Corp.

said Monday the attrition of clients as part of its 2019 acquisition of Ameritrade “will be in-line with or slightly better than our initial estimates.” About 4% of Ameritrade revenue prior to the deal or around 1% of combined total client assets as of Dec. 31 was its attrition estimate, the financial firm said.

said Monday the attrition of clients as part of its 2019 acquisition of Ameritrade “will be in-line with or slightly better than our initial estimates.” About 4% of Ameritrade revenue prior to the deal or around 1% of combined total client assets as of Dec. 31 was its attrition estimate, the financial firm said.

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