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Wednesday, April 21, 2021

Schwab to buy TD Ameritrade in blockbuster deal | 401(k) Specialist

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A merge deal between Schwab and TD Ameritrade could be the deal of a lifetime, with Schwab paying $25 billion for TD Ameritrade. Walter Bettinger, the CEO of Charles Schwab, has been designated to run the company, with Tim Hockey to leave TD Ameritrade in February of 2020. The merge news comes out just a month after Schwab announces that they will eliminate commissions for online stock trades. TD Ameritrade and Fidelity Investments followed suit just a week later by eliminating commissions.

Source: https://401kspecialistmag.com

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