TD Ameritrade and Schwab at odds on franchise model
TD's CEO Fred Tomczyk questions Schwab's approach to greater distribution using independent contractors
Elmer Rich III
There are proliferating niches in all financial services markets (they’re called “market segments”). Chances are each firm is spot-on for their market segment, but dead wrong for the others’.
It’s like tastes in ethnic foods – whose wrong? Well, the Ethiopians eat sheep’s eyeballs. That’s wrong.
Frederick Van Den Abbeel
Regardless of the approach it seems to be a very slippery slope. The conflicts of interest are quite obvious — and the line seems quite thin! Being able to speak from both side of one’s mouth is a skill the retail custodians have perfected.
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
