The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: RWD on November 25, 2019, 04:36:26 PM
-
https://www.amtd.com/news-and-stories/press-releases/press-release-details/2019/acquisition-information-center/default.aspx
-
Not sure if this is good, bad, or ugly.
Probably give me the push I needed to move my TDA accounts to Vanguard.
-
I'm stuck with TDA because of my HSA. I don't think this acquisition will be problematic, but I did find it surprising.
-
From what I've read, Charles Schwab eliminated commissions, thus scaring TD investors sending the stock down 30%, at which point they then bought TD... seems like they got a discount on acquiring a discount brokerage!
I don't think this will really impact services offered. Schwab is a pretty solid brokerage too
-
Bad: Mega-mergers are bad for consumer choice. Mergers of this size seldom benefit consumers over the long run.
Good(for me): All of my accounts(Except for my 401k) will now be under the same umbrella
-
For those of us with HSAs at TD Ameritrade, I wonder if Schwab will offer $0/trade for Schwab ETFs in all HSAs at Schwab.
-
Yeah, I'm going to be following this, though it's not supposed to close till 4th quarter of next year. My IRA, HSA, taxable investments, and debit card are with TD Ameritrade. No complaints really. Hear good stuff about Schwab too though. Shrug.