TD Ameritrade to merge with Charles Schwab
by tanglewood | November 26, 2019 9:35 pm
I have accounts at TD Ameritrade and Fidelity[1] and was disappointed with the news of the proposed merger of TD Ameritrade with Charles Schwab, TD’s website and trading platform, in my opinion, are excellent. I have never had any problems with my account or trading executions. I was wondering how others feel about this. If there are any Charles Schwab customers, are you satisfied with your overall experience?
Endnotes:
- Fidelity: https://www.stockgumshoe.com/tag/fidelity/
Source URL: https://www.stockgumshoe.com/2019/11/microblog-td-ameritrade-to-merge-with-charles-schwab/
I am surprised and disappointed. I wonder how Tom Sosnof and fellow developers of TOS trading platform feel. He had to sell out to TDA during the recession. Now TDA seems to be in trouble by having to live without commissions. Thanks to Sosnof and friends, average investors and traders have the opportunity to manage there own money. Now if only we can get the SEC to eliminate the day trading rule that puts less affluent investors at a disadvantage with respect to those with accounts of $25,000 or more…
I have had accounts at Schwab ever since 2005 when my husband & I dumped our high-price brokers and consolidated several sundry retirement & investment accounts into our two regular IRAs and a joint account. We also have accounts at TD Ameritrade, including a raft of family Roth IRAs opened back in the Scottrade days.
We really like Schwab though we don’t use a lot of their services. I’ve always had good results when I called customer service though. They made it easy to take my RMD (first year this year) – I transferred several stocks to our joint account.
It’s good for small investors that both Schwab and TD Ameritrade have dropped (most of) their transaction fees. That let me get rid of some crappy little shares leftover from some bad reverse stock splits.
What I really don’t like about Schwab is that they are doing away with their Holdings Tracker page which just happens to have been our start page for all these years. They’re trying to wean us off the Holdings Tracker page but I’m not going down quietly!
Thanks apiercex3 and dunnydame for your input