Scottrade is ramping up marketing -- with an interim leader at the helm
The St. Louis-based discount broker has big momentum and a big position to fill
Mike
This should be updated. Scottrade does have a minimum AUM, but will not disclose that to anyone. I started my own RIA from scratch and used Scottrade. After only a few months I received a letter asking me to find a new custodian due to low client base and low account activity. This is even after they initially promised me that a slow start would not be a problem. There were also many other advisors who received the same letter. Anyway, I have since moved elsewhere and it’s working much better without Scottrade.
Brooke Southall
Thanks for this update,
Give me a call if you get a sec.
Brooke
415-389-8207
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Scottrade Advisor Services
Asset Custodian
Top Executive: Brian Stimpfl