Wealth Management – In a story about Charles Schwab buying TD Ameritrade, Healthy Markets Executive Director Tyler Gellasch, speaking about antitrust issues is quoted as saying ““Right now, a $500 million asset manager, as a trading entity, doesn’t have relationships with institutional trading desks at bulge bracket banks,” he said. “How will a manager without hundreds of billions in AUM buy research and trade for their customers, and how will they custody their assets? Schwab and TD Ameritrade are two of the leading firms in providing custody and trading services for smaller managers, and their combination will further limit managers’ options.” (Full Story).
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