Schwab's Resignation of TD Ameritrade RIA Clients Contributes to $20 Billion Asset Hiccup
TL;DR
Charles Schwab has proactively resigned from certain atypical custodial relationships with TD Ameritrade RIA custody clients, which partially contributed to a $20 billion net new asset hiccup in July. The move was made to maintain consistency, according to the company's CFO.
Want the full story? Read the original reporting
Read on RIABiz