TD AMERITRADE

Retail investors have continued to buy the dip in the recent market turmoil, liking tech despite the sector rout, according to TD Ameritrade's AJ Kahling.

There’s no technological barrier to complying with tax laws.

The investing firm Charles Schwab Corp. already has more than 5,100 employees in Dallas-Fort Worth.

"They got to be able to understand when they use leverage what that really means," former brokerage chief Joe Moglia told CNBC on Thursday.

About 1 in 10 Americans in their 60s and 70s have over $1 million in savings, according to the 2020 Road to Retirement Survey by TD Ameritrade. If you want to retire a millionaire in your 40s, however, you will need to start saving a hefty amount of money early in your career. CNBC crunched the numbers, and we can tell you how much you need to save now to potentially get $45,000 of passive income every year in retirement. The numbers assume you will retire at 45, have no money in savings now and plan to save a substantial amount of income to reach your goal. We do not factor in inflation, taxes or any additional income you may get from Social Security and your 401(k).

Former TD Ameritrade CEO Fred Tomczyk told CNBC on Friday he believes retail stock market investors have never had it better when it comes to competing against Wall Street pros. "When you think about what the retail investor has today, they have free trading, free research, free investor education, and they have faster and better trade execution than ever," Tomczyk said in an interview on "Squawk on the Street." One of the participants at Thursday's hearing was Keith Gill, the Reddit user and YouTuber who played a key role in promoting GameStop shares. In his testimony, Gill defended his decision to publicly tout his investment thesis in GameStop by noting what he considered long-standing imbalances for retail traders. Social media platforms like Reddit, YouTube and Twitter are leveling the playing field."

Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000 employees in October 2020. The $22 billion Schwab-TD Ameritrade merger closed in October of last year, creating an online brokerage behemoth with nearly $6.7 trillion in client assets and nearly 30 million brokerage accounts. Shares of Charles Schwab ticked nearly 1% lower on Wednesday. Schwab also said despite the layoffs it will continue to hire more than 1,400 employees in strategic areas critical to support its growing client base.

Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. (AP Photo/Ahn Young-joon)Robinhood is warning its brokerage app users about “market volatility” while small-pocket investors continued their battle with the big players on Wall Street by pouring money into companies like GameStop and AMC. Easy-access trading apps like it are at the center of the war between groups of small investors communicating on social media and Wall Street short sellers. Here are some specific articles from Robinhood Learn to help make sense of market volatility: -- The stock market has been super volatile – How can I make sense of it? Amid significant market volatility, it’s important as ever that we help customers stay informed.

The wild trading involving GameStop shares presents a broader threat to the U.S. equity market, the chief securities regulator in Massachusetts told CNBC on Wednesday. Galvin's comments Wednesday came shortly after brokerage TD Ameritrade put trading limits on stocks including GameStop and AMC Entertainment. Charles Schwab also has put in place limits on certain activities involving GameStop shares. Galvin contends the New York Stock Exchange should put in place a 30-day trading halt on GameStop shares. I think small-time investors like that, unsophisticated investors, are going to be hurt by this.

Robinhood and TD Ameritrade were among the brokerages that reportedly experienced “technical difficulties” at open. Robinhood, TD Ameritrade & other major brokerages experiencing technical difficulties at open, due to record volume. — TD Ameritrade (@TDAmeritrade) January 27, 2021There were reports of login issues on the TD desktop site, too. By 11 a.m. the issue was resolved, TD said:Access to the TD Ameritrade Mobile app has been resolved. AdRead more: Stocks fall sharply on Wall Street, led lower by tech stocksRelated: In GameStop saga unfolding on Wall Street, 2 Goliaths fall

Retail investing behemoth Charles Schwab beat Wall Street's profit and revenue expectations for the fourth quarter, the first earnings report following Schwab's $26 billion acquisition of rival TD Ameritrade. Shares of Schwab rose were flat after rising slightly after the opening bell on Tuesday. Schwab added 15.77 million new clients in the fourth quarter, which includes 14.5 million new brokerage accounts from the TD Ameritrade merger. Daily average trades rose to 5.8 million in the fourth quarter, the highest on record. Record client trading activity, and the addition of TD Ameritrade, led to an 88% increase in trading revenue to $1.4 billion.

According to the World-Herald, the news company was incorporated in Delaware in July. An October filing in New York state lists the address as 9140 W. Dodge Road, the Omaha newspaper reported. The report said it is the same address of Hugo Enterprises, the holding company of for-profit and nonprofit endeavors of Ricketts, the founder of TD Ameritrade.

E-brokers experienced technical issues with their trading systems while the Dow Jones Industrial Average and S&P 500 hit all-time highs from optimism around a Covid-19 vaccine. Robinhood's status remained "operational" according to the company's website however, some Robinhood customers tweeted about issues with the app on Monday. In March during the record market volatility, the stock-trading sites and apps experienced day-long outages. Interactive Brokers did not appear to be having technical issues. Schwab said around midday the technical issues have been resolved.

A pedestrian passes in front of a Charles Schwab Corp. office building in New York. Charles Schwab said Monday it is laying off 1,000 employees from the combined Schwab-TD Ameritrade company. "We have begun notifying individuals that their roles have been eliminated and they will be leaving the firm," Schwab said in a press release. "This will result in a reduction of approximately 1,000 positions or about 3% of the combined workforce of Charles Schwab and TD Ameritrade." Schwab also said despite the layoffs it will continue to hire in strategic areas critical to support its growing client base.

People are living longer, yet their retirement accounts are struggling to keep up. About 1 in 5 Americans over the age of 70 has less than $50,000 in savings, according to a 2020 study by TD Ameritrade. This strategy also assumes that you have a balanced portfolio, focusing more on bonds and cash-type investments for your short-term needs. This allows your accounts to grow for the future, according to Sun. Check out this video to see a few different case studies of how much spending money you'll have if you retire with $3 million.

In fact, only 12% of Americans in their 60s say that they have more than $1 million in savings, according to a 2020 TD Ameritrade report. But what if you could retire with $5 million by the time you were 67? Personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you'll need to stash away every month. The math assumes you are starting with no money in savings, that your investments will earn 6% annually and that you retire at 67. You will need to take advantage of tools like your employer's 401(k), which is a tax-advantaged retirement savings account, or a Roth individual retirement account or traditional IRA.

Bored at home, many people are turning to the stock market and dabbling in day trading for entertainment and profits. However, most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the losses that day trading can bring, according to financial experts. Day trading has become very popular worldwide since the onset of the coronavirus pandemic. TD Ameritrade reports that visits to its website giving instructions on trading stocks have nearly quadrupled since January. Lawrence Sprung, a certified financial planner and president of Mitlin Financial, based in Hauppauge, New York, believes day trading is up for a few different reasons.

Robinhood, the free-trading pioneer favored by younger traders, said it experienced an outage Monday. Robinhood clients missed out on the biggest one-day point gain in the Dow Jones Industrial Average in history. With an hour left in the trading day, Robinhood updated clients saying, "the issue has been identified and a fix is being implemented." The Dow Jones Industrial Average gained nearly 1,300 points, the most ever in a single session. News of Robinhood's outage came a week after Fidelity and Charles Schwab said they had technical difficulties amid an 800-point plunge by the Dow Jones Industrial Average.

Check out the companies making headlines after hours on TuesdayIBM The technology company's stock rose over 3% in extended trading on Tuesday after it reported fourth-quarter results that topped analysts' estimates. IBM also gave guidance for the first quarter that was better than analysts' expectations. TD Ameritrade The brokerage company's shares fell more than 1% in extended trading after it reported first-quarter earnings that fell below analysts' expectations. With revenue of $1.29 billion, the company just missed revenue expectations of $1.30 billion for the quarter. Earnings per share came in at 74 cents excluding certain items versus the 77 cents EPS that analysts had expected.

Check out the companies making headlines midday Monday:TD Ameritrade, Charles Schwab TD Ameritrade shares jumped nearly 7% after the company confirmed it will be acquired by rival Charles Schwab for $26 billion in an all-stock deal. Tiffany The jeweler's stock rose 6.1% after LVMH confirmed it will buy Tiffany for $16.2 billion, or $135 a share in cash. Tiffany shares traded around $133. Uber Technologies Uber shares fell as much as 4% after a London regulator stripped the ride-hailing giant's license to operate in the city. The stock traded down 1.9% in midday.

Check out the companies making headlines before the bell:TD Ameritrade Charles Schwab will buy its rival discount broker in a $26 billion all-stock deal, with TD Ameritrade shareholders receiving 1.0837 Schwab shares for each share they now hold. Tiffany Tiffany agreed to be bought by France's LVMH for $16.2 billion or $135 per share in cash. The Medicines Co. The company will be bought by Swiss drugmaker Novartis for $9.7 billion or $85 per share in cash. Jacobs Engineering Jacobs reported quarterly profit of $1.48 per share, beating the consensus estimate of $1.32 a share. The change will be effective Dec. 10, and the stock's ticker symbol will change from "JEC" to "J."

Charles Schwab's proposed acquisition of TD Ameritrade is stirring up worry among financial advisors. Schwab on Monday announced it would buy TD in a $26 billion all-stock transaction. Both firms also have massive footprints in the registered investment advisory industry, where they custody investors' assets and execute trades. They also provide firms with the technology to simplify their workflow and allow advisors to focus on financial planning. "Together we can deliver the ultimate client experience for retail investors and independent registered investment advisors," said Stephen Boyle, TD Ameritrade's newly announced interim president and CEO, in a statement.

Charles Schwab announced plans Monday to buy discount brokerage rival TD Ameritrade in an all-stock deal valued at $26 billion. Schwab shares jumped 8% and TD Ameritrade's stock shot up 16% in trading on Thursday and Friday. Shares of TD Ameritrade closed up 7.6% higher to $51.78 on Monday, while Schwab shares rose 2.3% to $49.31. San Francisco-based Schwab has a market value of $57.5 billion and Omaha-based TD Ameritrade has a $22.4 billion market cap. TD Bank, which currently owns 43% of TD Ameritrade, will own the proportionate 13% of the new company.

Dow indications turn positive on trade reportTraders on the floor of the New York Stock Exchange. No word from the White House yet, but President Donald Trump recently shot down similar reports. Adding a layer of complication to the trade talks, the president has two pro-Hong Kong bills passed by Congress awaiting his signature. Charles Schwab in talks to buy TD AmeritradePedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Saul Loeb | AFP | Getty ImagesThe 10 leading Democratic presidential contenders took to the debate stage in Atlanta on Wednesday night, with the Trump impeachment inquiry front and center.

Financial advisors who hold their clients' assets at TD Ameritrade are about to face a shake-up. Charles Schwab is in talks to purchase TD Ameritrade for $25 billion, and a deal could be announced as early as Thursday, a source told CNBC. In the RIA world, there are four custodians that make up the lion's share of that market: Fidelity, Pershing, Charles Schwab and TD Ameritrade. His firm handles custody of client assets with TD. Officials at Schwab and TD Ameritrade did not immediately return calls seeking comment.

L Brands L Brands shares jumped 10.1% after the Victoria's Secret parent company delivered quarterly results that largely met expectations. L Brands posted an adjusted profit of 2 cents per share on revenue of $2.68 billion, matching Refinitiv estimates. The company reported a smaller-than-expected loss of 8 cents per share, and revenue also came in ahead of estimates. Tiffany The jewelry stock rose 2.6% after French luxury group LVMH raised its offer to buy Tiffany to nearly $16 billion. La-Z-Boy Shares of LaZBoy dropped 14.6% after the company missed Wall Street's expectations for its second-quarter earnings and revenue.

The "Mad Money" host says it's time for investors to trim their holdings of marijuana stocks. It's the latest sign that companies must "invent ... disrupt ... or die," the "Mad Money" host said. No recession turbulence in sight, according to United AirlinesOscar Munoz, CEO of United Airlines Adam Jeffery | CNBCFears of the U.S. economy falling into a recession are significantly misguided, CEO Oscar Munoz told Cramer. Amid growing support to end prohibition in the United States, the "Mad Money" host said he may have been wrong in calling the weed business an "incredible opportunity." Advanced Micro Devices: Excitement around the data center marketLisa Su, CEO, AMD Scott Mlyn | CNBCAdvanced Micro Devices CEO Lisa Su told Cramer she expects there to be "secular growth in computing demands" in high-performance computing.

E-Trade shares fell more than 9% on Thursday after sources told CNBC that brokerage giant Charles Schwab is in talks to buy TD Ameritrade, leaving investors worried about E-Trade's future. Shares of Schwab are rose 7.3% and shares of TD Ameritrade soared 16.92% on Thursday. "E-trade still would be attractive to both kind of the obvious firms out there, like Schwab or Ameritrade, or potentially others as well," said Ryan. But Ryan said Schwab will have its "hands full for while," with the TD Ameritrade acquisition. The reportedly $25 billion imminent deal between Schwab and TD Ameritrade will create a "Goliath in Wealth Management" according to Wells Fargo's Mike Mayo, with more than $5 trillion in combined assets.

Charles Schwab is in talks to buy TD Ameritrade, a source told CNBC's Becky Quick on Thursday. A deal between Schwab and TD Ameritrade would create a behemoth with more than $5 trillion in combined assets, about $3.8 trillion from Schwab and $1.3 trillion from TD Ameritrade. Shares of TD Ameritrade soared 16.9% on Thursday, its best day since September 2008. TD Ameritrade CEO and President Tim Hockey said in July he is leaving the brokerage in February of 2020. Calls to Schwab and TD Ameritrade weren't immediately returned.

Nearly 30% of millennials believe they will never retire, according to TD Ameritrade's 2018 Millennials and Money Survey. While saving for a retirement you're not sure will happen might seem pointless, Erin Lowry, author of "Broke Millennial Takes on Investing," says it can actually provide younger generations with the stability and financial confidence they crave. Millennials have reason to be worried about retirement. To make up for that shortfall, millennials may have to push retirement back a few years and delay claiming their Social Security benefits. To set yourself up for success down the road, start investing in a 401(k) or, if you do not have access to one at work, an IRA, says Lowry.

In the span of just a few days last week, nearly every major online brokerage company eliminated commissions. StockTwits, a social networking firm for traders, launched its own no-fee online brokerage offering too. So as part of its Trade App online brokerage, users can post or "tradecast" their history of trades. Unlike its free stock trading platform, TradeStation will charge small commissions to trade bitcoin, ethereum, ripple/XRP and several other cryptocurrencies. Webull, another commission-free online trading platform, makes money from lending products, such as margin loans to customers who want to borrow money to buy more stocks, according to CEO Anthony Denier.

Spencer Platt/Getty ImagesNEW YORK - Zero is now the hottest number in the online brokerage industry. Last week, a smaller competitor, Interactive Brokers Group, started its new IBKR Lite service, which also eliminated commissions for US-listed stocks and ETFs. Shares of all four companies were hit hard in the past two days as investors worried about the impact that zero commission trading would have on their profits. E-Trade's move was all but inevitable after Schwab and TD Ameritrade each announced that they were ending commissions for investors trading stocks, futures and options. The entire discount brokerage industry is dealing with brutal competition from upstarts like Robinhood, which already offers trading services with no or low commissions via popular mobile apps.

Charles Schwab fired the latest shot in the war over fees charged by online brokers, announcing that it plans to eliminate commissions for trading stocks, ETFs and options on its mobile and web platforms. NEW YORK - An all-out price war has hit the brokerage industry as both Charles Schwab and TD Ameritrade have announced they will eliminate commissions for certain securities. Charles Schwab fired Tuesday's first shot in the war over fees charged by online brokers, announcing in the morning that it plans to eliminate commissions for trading stocks, ETFs and options on its mobile and web platforms. Investors will probably expect both discount brokers to counter the moves of Schwab and Interactive Brokers or risk losing market share. It said that as of Oct. 3, its US brokerage firm "will eliminate commissions for its online exchange-listed stock, ETF (domestic and Canadian), and option trades, moving from $6.95 to $0."

TD Ameritrade TD Ameritrade said Tuesday its online brokerage operation will eliminate commissions for stocks and exchange-traded funds, effective Thursday. Stitch Fix Stitch Fix reported quarterly earnings of 7 cents per share, 3 cents a share above estimates. Stars Group Stars Group and FanDuel parent Flutter Entertainment have agreed to merge in an all-stock deal that will create the world's largest online gambling company. Tesla Tesla is on schedule to start production in China this month, according to a Reuters report, but sources with knowledge of the matter say year-end production targets remain in doubt. Monster Beverage Guggenheim Securities downgraded the beverage maker's stock to "neutral" from "buy," predicting the stock will be rangebound for the next six to nine months.

The "race to zero" for the brokerage industry is over. TD Ameritrade said late Tuesday that the company will eliminate all commission fees for online U.S. stock, exchange-traded fund and option trades. The move came hours after brokerage giant and competitor Charles Schwab said it is ending commissions for online trading next week. Shares of TD fell 2.5% on Wednesday following a 25% plunge on Tuesday, its worst day in 20 years. Starting Thursday, TD Ameritrade's commissions will go from the previous $6.95 to zero.

FDA issues warning on medical devices that are vulnerable to... The FDA said it's not sure how many or even which specific medical devices, such as insulin pumps or pacemakers, are vulnerable to getting hacked. Health and Scienceread more

About six in 10 Americans (58%) think that $1 million will be enough for "a comfortable retirement." Although $1 million is the oft-cited amount needed to retire comfortably, it might not be enough. "On average, a $1 million retirement nest egg will last 19 years," according to a 2019 report from personal finance site GOBankingRates. It's certainly possible to retire with $1 million in savings and many Americans live on much less. Getting to 10 times your final salary "may seem ambitious," the report adds, "but you have many years to get there."

"As you get older, your priority becomes retirement," Rhodes says. If you don't invest in your 401(k) or you're not leveraging it fully, that becomes a "regret," Rhodes says. And having and funding a 401(k) is a powerful tool to help you save up for a secure financial future. Not investing in their 401(k), according to a Harris Poll of over 1,000 U.S. adults commissioned by TD Ameritrade. But you only get that money if you're investing in your employer's retirement program.

TD Ameritrade is introducing a new place to check your portfolio: while sitting in traffic. The financial services company announced in-vehicle features Monday that let drivers check their balances and portfolio performance, or get a stock quote through voice commands from behind the wheel. But the Omaha, Nebraska-based financial services company stopped short of saying whether investors would eventually be able to trade stocks through voice commands. "For those who follow the financial markets closely, that loss is compounded by untold missed opportunity," TD Ameritrade said in a press release. TD Ameritrade said customers execute an average 850,000 trades per day on the platform, a quarter of which are placed using mobile devices.

If you want to retire early, just setting and forgetting when it comes to your savings strategy won't cut it. Just ask a new crop of investors dubbed "super savers." And their efforts are paying off, according to an online survey from TD Ameritrade. The results show that 57% of super savers plan to retire earlier than their parents did, versus 46% of non-savers. "Most are choosing this path because they're looking at the freedom and flexibility it offers," said Dara Luber, senior manager of retirement product at TD Ameritrade.