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Td Ameritrade

All articles tagged with #td ameritrade

finance2 years ago

Schwab's Game-Changing Move: Thinkorswim Access for Traders

Charles Schwab has announced its plan to merge TD Ameritrade and Thinkorswim capabilities into a new platform called Schwab Trading Powered by Ameritrade. This move will provide all Schwab clients with access to Thinkorswim for the first time. Schwab plans to retain key features of Thinkorswim, including Thinkorswim Desktop, Thinkorswim Mobile, and Thinkorswim Web, as well as its programming language, advanced charting, paper trading simulator, and chat rooms. The integration is expected to be completed in a few months, and Schwab will also incorporate TD Ameritrade's investing education tools and resources into its own site.

via Investor's Business Daily|
#finance#integration#schwab
cybersecurity2 years ago

Financial Firms Face Lawsuits Over MOVEit Hack Breaches

Charles Schwab and TD Ameritrade are facing a class-action lawsuit for allegedly neglecting their responsibilities to protect customer data. Hackers exploited a vulnerability in the file-transfer system MOVEit, accessing sensitive information of 61,000 TD Ameritrade customers. The lawsuit accuses both companies of negligence, unjust enrichment, and breach of implied contract. MOVEit has been widely used by businesses and government agencies, with over 600 organizations breached since June, exposing the data of nearly 40 million people. Schwab disclosed a data breach in July, affecting less than 0.5% of its clients. The lawsuit claims that Schwab and TD knowingly failed to implement reasonable measures to safeguard the data, putting impacted individuals at an increased risk of financial fraud or identity theft.

via InvestmentNews|
#class-action-lawsuit#cybersecurity#data-breach
finance2 years ago

TD Ameritrade Clients Continue to Flee Charles Schwab

Charles Schwab Corporation is experiencing a continued loss of retail customers following its merger with TD Ameritrade, with the company's stock falling almost 4% as a result. While specific details on the extent of client loss were not provided, the company's Chief Financial Officer expects the attrition to be in line with initial estimates. Despite the customer outflows, Charles Schwab has seen growth in total assets, but its stock is down nearly 25% this year due to a high interest rate environment and increased balance sheet scrutiny.

via Investopedia|
#charles-schwab#client-attrition#finance
finance2 years ago

Charles Schwab Faces Attrition Challenges Amid TD Ameritrade Integration

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.

via Yahoo Finance|
#charles-schwab-corp#client-attrition#finance