Mullooly Asset Management
Mullooly Asset Management
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Impact of the TD Ameritrade-Schwab Merger: Compliance and Custody
• 18 minThe first thing that's often declared when a merger occurs is "Nothing will change!" In our experience, nearly everything will (eventually) change! Ever wonder how big mergers in the financial world can affect you? Buckle up, because we're about to explore the recent TD Ameritrade and Charles Schwab merger, and how it impacts compliance and custody. We shed light on the transition process, the correspondence Schwab sent to its clients, and the enhanced experience the new platform promises to deliver. Plus, we're not just stopping at Schwab; we also introduce you to other giants of the investment advisor space like Fidelity, Pershing, Bank of New York Mellon, and LPL Financial. The introduction of "I-Rebal" trading capabilities is set to streamline operations, but what does that mean for you? This isn't just about mergers, we're also going to take you behind the scenes of how we select a custodian for our clients. We'll unpack our rigorous due diligence process, where factors like reputation, financial strength, service quality, and the range of investment products are assessed. Furthermore, we'll give you an insight into our transparent compensation structure, where our only form of payment comes from client fees. Not a penny more. So, join us as we decode the impact of the TD Ameritrade and Charles Schwab merger on compliance and custody, while offering a glimpse into our world of investment custodians. Trust us, you don't want to miss this!
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