Schwab's Resignation of TD Ameritrade RIA Clients Contributes to $20 Billion Asset Hiccup

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Source: RIABiz
Schwab's Resignation of TD Ameritrade RIA Clients Contributes to $20 Billion Asset Hiccup
Photo: RIABiz
TL;DR Summary

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.

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