Keeping TD Ameritrade Institutional Independent

We have no qualms with Schwab’s acquisition of TD Ameritrade; the deal makes sense considering the innovations disrupting the brokerage industry. The issue at hand resides with the dissolution and ownership of TD Ameritrade Institutional (“TDAI”).

TDAI is not only the second [2nd] largest custodian for the RIA market, but it is the voice of the RIA industry. TDAI has historically, since 1999, represneted the independent RIA industry; speaking for advisor advocacy on capital hill.

Without TDAI, RIA’s not only lose innovation & choice but they lose an institutional voice to represent the RIA market.

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