Louis Diamond Quoted
By Ralph Ortega
In its plan to buy Scottrade, TD Ameritrade is making a big push into the retail space, potentially quintupling the number of it client-facing offices.
The greater scale that TD Ameritrade offers also should put Scottrade’s RIAs in a better position to face any legal challenges arising from the Labor Department’s new fiduciary rule, experts say. “From Scottrade’s perspective, you’re spreading out any potential litigation costs,” says Louis Diamond of Diamond Consultants in Morristown, New Jersey.
