2 Question Tuesday – 08/15/2023 – Will TD/Schwab Merger Result in Additional Fees & How Will Credit Card Balances Affect the Economy?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Will Investors at TD and Schwab Pay Additional Charges After They Merge?
- Credit Card Balances Have Risen to $1 Trillion; Will This Hurt the Economy and Markets?
Phil, Mike, and Larry discuss the Schwab and TD Ameritrade merger and what it means for investors using their platforms, specifically, will there be additional charges? They then talk about U.S. credit-card balances surpassing $1 trillion last quarter for the first time and what the implications are for the markets and the broader economy.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.