Schwab / TD Ameritrade Deal

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?

Comments (4)

Nov 21, 2019

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

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Nov 21, 2019

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.

    • 1
Nov 21, 2019

Also interested in who is working on the deal

Nov 21, 2019
Comment

just google it...you're welcome