(New York)

One of the big worries on small RIAs’ minds right now is whether Schwab is going to leave them out on an island to wither. Small RIAs have always been the bread and butter market for TD Ameritrade, but with its recent acquisition by Schwab, that could all change—such is the fear of the small independent shop. However, Schwab has taken a couple of moves that seem to indicate they are not going to forget about the group. In particular, they have hired Tom Bradley from TDA, who for years ran TDA’s RIA custody business, to lead the new combined effort.

FINSUM: There is still a good degree of doubt over whether Schwab will mainly focus on its institutional clients and large RIAs, but this is a sign that Schwab is not likely to forget about its small RIAs.