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RayJay battles TD for small RIAs

Feb 10, 2020 - InvestmentNews

With the registered investment adviser industry still absorbing the shock of the ongoing combination of Charles Schwab and TD Ameritrade, other firms are preparing to make a run at the advisers who custody with those companies, according to industry executives and advisers.

At the top of the list is Raymond James Financial Inc., which historically has focused on employee and independent contractor broker business and not RIAs. Now it is focusing on TD advisers, according to executives and ...