Clients with assets of around $20 million or less to be moved into newly created subdivision.
The deal to acquire TD Ameritrade caps a year of off-again-on-again negotiations.
Deal announced Monday will bring Schwab another 12 million client accounts, $1.3 trillion in assets and roughly $5 billion a year in revenue.
Millionaires who make large gifts while the exemption is in place will not see the benefit disappear if they die after the overhaul expires.
The current disparity between value and growth stocks is a good setup for a recovery, he says.
Once sleepy corner of municipal bond market has seen issuance double this year
Deal would create a company with roughly $5 trillion in combined assets.
The transaction would create a firm with roughly $5 trillion in combined assets.
High Note Wealth in Minnetonka, Minn., will custody at Schwab, use Dynasty platform.
Plan advisers who can't articulate their value to sponsors will be at a competitive disadvantage.
