These platforms will eventually complete their mergers, yet you will likely be able to continue accessing your account with the same logins, account statements, reporting, and more. In the case of Schwab and TD Ameritrade, Berkenhoff says the two firms have been very transparent that the end consumer won't see any changes for 18 to 36 months. “This is where the markets are going anyway,” he said.įinancial advisor Brian Berkenhoff of Birch Investment Management also says you shouldn’t expect any immediate changes to your service if your firm is in the midst of a merger, such as if you’re a current investor with E*Trade or TD Ameritrade.īerkenhoff says that brokerage firms that merge typically give customers a long runway before being forced to take action. Not only that, but it increases availability since a wider number of people become able to invest in the first place if that technology is available at their fingertips. Pendergast says that better digitization can lead to greater visibility and access over your assets. Where Morgan Stanley has focused on its full-service advisor services so far, the acquisition of E*Trade and its digital platform will likely lead to changes and more digitization of the combined firms. Jim Pendergast, who serves as Senior VP of altLINE Sobanco (a division of The Southern Bank Company), also says that a clear, positive note is larger, more traditional institutions like Morgan Stanley moving toward better online features and capabilities.
0 kommentar(er)
