As online financial services expand, marketers are seeking new ways to get in front of their customers; Facebook Messenger chatbots are one example and TD Ameritrade is taking full advantage of this source; it has launched a Facebook Messenger chatbot that gives customers instant updates on their portfolios and trades; the firm has worked through a number of security and encryption issues and is now offering one of the industry's leading Facebook Messenger chatbot services. Source
TD Ameritrade has transformed the way they communicate internally by switching from email to Slack; the switch has led to...
E-Trade says they are going on a hiring spree for financial consultants as they look to scoop up all disenfranchised...
Financial firms like TD Ameritrade and Ritholtz Wealth Management have found early success in interacting with customers through Amazon’s Alexa...
TD Ameritrade’s investment in their Halo Desktop a few years ago allowed the company to get ahead of the curve...
With more customers being active on Twitter, TD Ameritrade sees an opportunity to better engage and so they are rolling out a Twitter trading bot; the bot allows traders to execute trades, get market updates and look at educational content; this rollout follows the recent release of the Facebook messenger bot last August; using social media within trading has become a wider trend in the wealth management community as advisors look to cater to younger investors. Source.
Well this morning started out as a bit of a bummer! See -- Charles Schwab to buy TD Ameritrade in a $26 billion all-stock deal. The $55 billion market cap Schwab is gobbling up the $22 billion TD Ameritrade at a slight premium. Matt Levine of Bloomberg has a great, cynical take on the question: Schwab lowering its trading commissions to zero is actually what wiped out $4 billion off TD's marketcap a few months ago. For Schwab, the revenue loss from trading was 7% of total, while for TD it was over 20%. Once Schwab dropped prices, TD started trading at a discount and became an acquisition target. You can see the share price drops reflected below in the beginning of October.
Charles Schwab’s CEO, COO and Head of Adviser Services presented details to analysts on how the TD Ameritrade merger is...
Robinhood is currently experiencing a system-wide outage and follows news of other recent outages; Fidelity and Charles Schwab both had...
This week, I pause to reflect on the sales of (1) AdvisorEngine to Franklin Templeton and (2) the technology of Motif Investing to Schwab. Is all enterprise wealth tech destined to be acquired by financial incumbents? Has the roboadvisor innovation vector run dry? Not at all, I think. If anything, we are just getting started. Decentralized finance innovators like Zapper, Balancer, TokenSets, and PieDAO are re-imagining what wealth management looks like on Ethereum infrastructure. Their speed of iteration and deployment is both faster and cheaper, and I am more excited for the future of digital investing than ever before.