01 Mag Charles Schwab: TD Ameritrade: a Deal for a New Era of Brokerage
Posted at 08:00h in Equity Research
Written by Gianmaria Bartoccioni and Federico Nada
In Q4 of 2019 Charles Schwab announced the acquisition of TD Ameritrade, a $26 billion deal that will shape the brokerage industry for years to come.
The following report looks firstly at the industry and the competitive landscape, emphasising the evolution of the different business models. Afterwards, the rationale behind the deal is discussed as well as the possible impact of regulations and Covid-19.Download PDF