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

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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.

 

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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!

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