Td Ameritrade Buys Scottrade 🆕 Complete

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

: 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. td ameritrade buys scottrade

: 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 acquisition officially closed on September 18, 2017