Charles Schwab cuts more jobs as it integrates TD Ameritrade

AtomicPiss

https://bizjournals.com/sanfrancisco/news/2021/07/29/charles-schwab-cuts-more-jobs-as-it-integrates.html

greenblood

It's the age of algorithms. You don't need a human making trades when a machine can do it for you with a higher rate of return.

HairyBallsDawg

Shit didn't even know they had merged.

Looks like it might be time to move the rest of my funds into my Swiss bank account.

Pitchfork51

Is being like a stockbroker still a thing?

BleachedAnusDawg

What does @puppylove_sugarsteel think of this?

greenblood

Pitchfork51 said:

Is being like a stockbroker still a thing?

Outside of being part of a hedge fund? No

CuntWaffle

If you have a smart phone you can make more money than having an "advisor". To an extent of course.

Kaepsknee

Saw a commercial from Schwab introducing a fractional stock platform. They call it something else that I don’t remember.

AtomicPiss

BleachedAnusDawg said:

What does @puppylove_sugarsteel think of this?

Pup's silence speaks volumes

PostGameOrangeSlices

Schwab needs to do what others have done and copy the RH ui

HFNY

I saw today that Fidelity is hiring 9,000 new employees to deal with their surge in retail trading.