Td: Ameritrade Buys Scottrade

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

Retail broker TD Ameritrade buys Scottrade in $4 billion deal 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. : The acquisition officially closed on September 18, 2017

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) td ameritrade buys scottrade