Retail broker TD Ameritrade buys Scottrade in $4 billion deal
: 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.
: The deal was split into two parts: TD Bank Group bought Scottrade Bank for $1.4 billion , while TD Ameritrade acquired the brokerage operations for $2.7 billion in cash and stock.
: In February 2018 , Scottrade accounts were automatically migrated to the TD Ameritrade platform.
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Td Ameritrade Buys Scottrade May 2026
Retail broker TD Ameritrade buys Scottrade in $4 billion deal
: 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. td ameritrade buys scottrade
: The deal was split into two parts: TD Bank Group bought Scottrade Bank for $1.4 billion , while TD Ameritrade acquired the brokerage operations for $2.7 billion in cash and stock. Retail broker TD Ameritrade buys Scottrade in $4
: In February 2018 , Scottrade accounts were automatically migrated to the TD Ameritrade platform. td ameritrade buys scottrade
