Schwab Buys TD: What Now?

John Noonan Uncategorized

What It Means To You   In a merger of two of the Big 4 independent custodians, Schwab is buying TD (Fidelity and Pershing are the other two). As a client, your investments with us are held at TD. So what does this merger mean to you? In the spirit of an “FOQ” (like this one, or this one), the short answer is…nothing. The long answer is that right now, for you, this deal looks cosmetic only. A year or two or five  – yes, it may take that long – down the road, we may have a form to …