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Retail broker TD Ameritrade buys Scottrade in $4 billion deal
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
: In February 2018 , Scottrade accounts were automatically migrated to the TD Ameritrade platform. Retail broker TD Ameritrade buys Scottrade in $4
: 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
