Monday, November 25, 2019

T.D. Ameritrade & SCHWAB Merger

I feel bad.  Disappointed for the great T.D. Ameritrade employees who now have to deal with a partner I wanted no part of.    For about 8 years I had a custodial relationship with the Charles Schwab Corporation.  When I terminated that relationship and opened others I couldn't have found a better Custodian for clients assets than T.D. Ameritrade.

I always believed in having multiple custodians.  It served me very well and was one of the smarter things I done during my investment career.    When I shuttered my firm in the first half of 2019 I think I had 5 different custodians.   All had a bell or whistle better than the rest.

It's a sad day for the friends of Chippewa Partners, Native American Advisors, Inc. who worked at T. D. Ameritrade.

I wish all of you well going forward. 

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