David R. Kotok weighs in on Charles Schwab buying TD Ameritrade

From Yahoo Finance

Charles Schwab is reportedly buying TD Ameritrade. “The hidden piece of this for investors is the yield on the money market fund, the yield on the sweep,” @CumberlandADV Chiarman David Kotok says. “And they tend not to look at it, and so there’s a widening margin.”


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