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.
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!