Scottrade | Td Ameritrade Buys

In October 2016, TD Ameritrade announced a massive deal to acquire its rival, Scottrade Financial Services. This "helpful story" explains what happened during that merger and where those accounts are today. The Acquisition (2016–2017)

Retail broker TD Ameritrade buys Scottrade in $4 billion deal td ameritrade buys scottrade

If you were once a Scottrade customer, your account has since moved again. In October 2016, TD Ameritrade announced a massive

: On October 24, 2016, TD Ameritrade revealed it would buy Scottrade to gain scale in an industry pressured by the rise of low-cost index funds and robo-advisors. : On October 24, 2016, TD Ameritrade revealed

: Customers kept their assets but gained access to TD Ameritrade’s tools, such as the thinkorswim platform, though some missed Scottrade’s specific mutual fund policies. Where are those accounts now?

: The acquisition officially closed on September 18, 2017 . The Client Transition (2018)