Charles Schwab Faces Attrition Challenges Amid TD Ameritrade Integration
TL;DR
Charles Schwab Corp is experiencing a temporary decrease in net flows of client money as it integrates TD Ameritrade into its business, resulting in attrition of some retail and advisory clients' assets. The company has also scaled back certain custodial relationships that Ameritrade had offered to institutional clients. Schwab expects the client attrition to subside in the first half of next year and anticipates client deposits to start growing again later this year.
Topics:businessfinance#charles-schwab-corp#client-attrition#finance#financial-services#integration#td-ameritrade
- Schwab Says TD Ameritrade Deal Spurring Retail, Advisory Attrition Yahoo Finance
- Charles Schwab sees retail, advisory attrition amid TD Ameritrade integration (NYSE:SCHW) Seeking Alpha
- TD Ameritrade integration spurring retail, advisory attrition: Charles Schwab Financial Post
- “Temporarily Lower Net Flows” Strike at Charles Schwab (NYSE:SCHW), Stock Sinks - TipRanks.com TipRanks
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on Yahoo Finance