Schwab Executives Provide Insight into TD Ameritrade Deal and Future of Market

Charles Schwab’s CEO, COO and Head of Adviser Services presented details to analysts on how the TD Ameritrade merger is going and what the future of the market looks like; the presentation revealed the Justice department requested additional details on the merger which the company described as customary; the company has created an integrated management office and said integration costs will run about $1.6bn; while the company provided answers to most questions there are still concerns about how the two companies plan to integrate different, complex technology stacks while not losing many customers; some of their competitors are offering cash incentives to open accounts which Schwab executives do not like but understand they will need to match offers in order to keep customers; “Unfortunately, this approach works,” Bettinger said in prepared remarks according to Business Insider. “And so therefore, organizations like ours, despite finding it a somewhat distasteful approach, recognize that we have to be willing to match these types of things or there’s a certain percentage of clients who will move on.” Business Insider

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.