“we’ve captured 95% of our Ameritrade run rate expense synergies and expect to capture the rest by the end of the year.”

In context

“e past 18 months, we were especially pleased with this particular result. Rick, let me turn it over to you to review some more details of our progress serving clients and building the franchise. And I’ll close this out, as Jeff indicated, after the Q&A session with just a few final observations. Rick Wurster: Thank you, Walt, and good morning, everyone. Picking up on where Walt left off, we’ve been able to achieve this industry recognition because our through client-size approach remains the foundation of our strategy and it will continue to drive our long-term growth through the cycle. In the near-term, we deliver for clients through our four strategic focus areas. And in the third quarter, we advanced initiatives in each area that you see on the screen. Starting with Scale & Efficiency, we’ve captured 95% of our Ameritrade run rate expense synergies and expect to capture the rest by the end of the year. In an industry where pricing matters to clients, having a low cost position is a huge competitive advantage, one we’re committed to maintaining, with our cost discipline and ongoing investments in our operations and infrastructure, we’re continuing to lower our cost to serve clients. In 2024 to-date, our adjusted expense on client assets or EOCA fell to 12 basis points, down from 16 in 2019. Our second focus area is Win-Win Monetization, which is all about how we attract and retain assets by meeting more of our clients’ evolving financial needs. Wealth Management is one of our key areas of focus and clients continue to turn to us for advice across the spectrum of our solutions. Year-to-date managed investing net flows are up 65% compared to last year. In the third quarter, new and existin”