In light of the $25b deal that leaked today between Charles Schwab and TD Ameritrade, how do people think the online trading and brokerage space will change? What does this mean for Robinhood? Will ETrade make a move for them? It seems like $0 fee trading will now be a requirement to play in this space.
Also, does anyone know what banks FIG teams worked on the deal?
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I don't think that it will change much, except now that Swchab has one less competitor to deal with. Never been a fan of robinhood so can't really speak to that
Not because of this deal but in general the financial advisory model is due to change.
A "pay for performance" model makes more sense than % of AUM.
Also interested in who is working on the deal
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