: At the time, discount brokerages faced intense pressure from zero-commission trading trends and "robo-advisors," making massive scale a necessity for survival. What Changed for Customers
: The acquisition quadrupled TD Ameritrade’s physical branch network (from roughly 100 to nearly 500 locations) and brought in 3 million new retail accounts. did ameritrade buy scottrade
Yes, in a two-part deal valued at approximately $4 billion , which was first announced in October 2016 and finalized on September 18, 2017 . The Acquisition Breakdown : At the time, discount brokerages faced intense
: TD Ameritrade estimated it could cut $450 million in annual costs by combining platforms and merging overlapping branches. : At the time