Schwab, TD Ameritrade Deal Would Reshape RIA Landscape

Charles Schwab’ s estimated $26 billion acquisition of rival discount broker and RIA custodian TD Ameritrade would, if finalized, cement Schwab’ s position as the largest RIA custodian in the industry by far, holding more than half of the assets managed by registered independent advisors. The merger, assuming it’ s approved by regulators, will combine Schwab’ s…