I'm a client with Charles Schwaab and I am interested in how merger will affect us. I have some concerns. Can someone give me a useful insight on how merger can negatively impact customers and what to expect?
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I'm concerned how the layoffs will affect me as an employee. Employees first regardless of whatever anyone else says.
It won’t. Maybe some website features or minor stuff changes.
When Ameritrade bought Waterhouse, the biggest client effect was the zero balance final Waterhouse statements that were sent out by the Waterhouse former clearing firm as the accounts were transferred in full to Ameritrade but if you just saw the zero balance, you’d panic. That was 2007, and Waterhouse had an older client base that got mailed statements so that was an issue.
When Schwab bought OptionsXpress, they definitely changed some things for the worst, but the OX active trader client base was pretty small to begin with.
I have both TD and Schwab accounts. The TD account is authorized and undetected. I am concerned.
customers won’t really be affected..... some conversion time mishaps are very likely possible but they won’t be permanent. customers won’t care either..... They’ll complain but at the end of the day they only care about their cash a balance.
keep a close eye on your balance the weekend of conversion. there is a real possibility they screw it up.
You're on the layoff.com. I wouldn't come here as a client expecting answers