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Schwab, TD Ameritrade meet at the altar
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In the financial services industry, consolidation is the name of the game. To wit: 2 of the biggest players catering to individual investors and independent advisors have finally consummated a marriage announced a year ago. Charles Schwab Corporation has completed its acquisition of TD Ameritrade in a $22 billion deal. The merger closed on Oct. 6, with the integration process slated to roll out over the next 18 months.
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