TD Ameritrade, a renowned brokerage firm, recently made a significant announcement, the company decided to cease serving retail investors in Singapore, effective December 2023. This strategic move marks a transition toward focusing exclusively on accredited investors, a market segment TD Ameritrade believes has been “historically underserved” in Singapore. TD Ameritrade’s decision to shift its focus from retail investors to accredited investors stems from a desire to optimise its services and tailor them to a specific target audience: ‘TD Ameritrade Singapore has made a strategic decision to focus on meeting the needs of accredited investors. We are committed to serving this unique market and providing these sophisticated local investors with access to the US markets, an offer that will grow even more powerful once TD Ameritrade’s best-in-class thinkorswim trading platform is married with Charles Schwab’s breadth of wealth management capabilities in 2024.’ For retail investors who have been utilising...