Dear Valued Clients,
In 2013 we left our broker/dealer in search of a better value for our clients. We found a great custodial partner in TD Ameritrade Institutional that has benefited our clients with greater efficiency at lower costs.
Increasingly, the custodial business has become a matter of scale. Last year, TD Ameritrade concluded its acquisition of Scottrade. Earlier last week, Charles Schwab and TD Ameritrade reached an agreement for Schwab to acquire TD Ameritrade. We expect the regulatory approval process to take somewhere between 6-10 months. Rest assured that during this time there will be no difference in how you work or interact with Integrity Wealth Partners.
With the release of this announcement, we at Integrity Wealth Partners, in our capacity as your fiduciary, will continue to evaluate the custodial options that serve the best interests of our clients. With this in mind, we will also be meeting with other industry-leading custodians to evaluate trading capabilities, technology platforms, pricing, and service levels on your behalf.
Schwab is certainly an industry leader. Though we expect Schwab may be the best choice in custodian for our clients, it is our duty to make this determination only after an exhaustive due-diligence process.
If you have any questions, please feel free to reach out to us. Additionally, more information on the acquisition can be found in TD Ameritrade’s press release (https://www.amtd.com/news-and-stories/press-releases/press-release-details/2019/acquisition-information-center/default.aspx).
This commentary reflects the personal opinions, viewpoints and analyses of the Integrity Wealth Partners, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Integrity Wealth Partners, LLC or performance returns of any Integrity Wealth Partners, LLC client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data, or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Integrity Wealth Partners, LLC manages its clients' accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
