TD Ameritrade is our primary custodian. They hold almost all of our client investment accounts. On Monday, they announced a deal with Charles Schwab.

Video: Schwab Acquires TD Ameritrade

Here are some highlights:

  • The deal is reported to be $26 Billion and is an all stock acquisition.
  • This will be the largest custodian for independent registered investment advisors. The combined company will hold over $5 Trillion of client assets.
  • When we created our own firm in 2016, we considered TD Ameritrade, Charles Schwab and Fidelity.  We felt TD was a better fit for us and for our clients.
  • We hope the merger will combine the best parts of Schwab with what we like about TD Ameritrade.
  • We don’t anticipate this to disrupt our clients.
If you have questions or concerns, please call.  (740)  373-4877 or (800) 860-4871

You can also email us at neal@flemingwatson.com or jim@flemingwatson.com