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

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) : The acquisition officially closed on September 18, 2017

If you were once a Scottrade customer, your account has since moved again. The Acquisition (2016–2017) If you were once a

: Customers kept their assets but gained access to TD Ameritrade’s tools, such as the thinkorswim platform, though some missed Scottrade’s specific mutual fund policies. Where are those accounts now?

: In February 2018 , Scottrade accounts were automatically migrated to the TD Ameritrade platform.

: 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.