Charles Schwab announced plans to acquire TD Ameritrade
Charles Schwab announced plans to acquire TD Ameritrade.
Signet Financial Management partners with both firms and our clients benefit from the brokerage services and custody platform each provides. We believe both firms are similar in terms of products, services, and business philosophy.
We don’t envision much impact on our clients or our business should a merger occur. In fact, there are many potential benefits for clients, including increased services, technology innovation, new competitive products, and the financial security of partnering with a dominant firm in the industry.
Pending regulatory approval, the integration of the two firms could take up to 36 months after the deal is closed. We will continue to monitor the situation from the perspective of our clients.
Feel free to reach out to you advisor with any questions.