Schwab, TD Ameritrade Are ‘Aggressively’ Hiring RIA Service Staff

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Both Charles Schwab and TD Ameritrade are hiring service staff “aggressively” for their units that custody client assets on behalf independent financial advice firms, according to executives at the companies.

Additionally, the companies have conducted no layoffs of advisor-facing service staff since closing Schwab closed its acquisition of its former rival last October, the executives said.