A merger of the two larger brokerage firms faces antitrust and other hurdles, according to some key industry watchers
That’s the subheading of the ThinkAdvisor article. An excerpt:
“It’s big news, as yet another example of the massive consolidation taking place in financial services,” said Vance Barse, wealth strategist and founder of the firm Your Dedicated Fiduciary.
“We hear it over and over again at industry conferences, especially in terms of consolidation continuing for RIAs and independent practices,” Barse said. “It’s happening now and getting faster. It’s time to embrace as the new normal for the foreseeable future.”
See Schwab-TD Ameritrade Deal Is No Sure Thing in ThinkAdvisor.