Td Ameritrade Buys Scottrade · Free & Reliable

If you were once a Scottrade customer, your account has since moved again.

: 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

: 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? If you were once a Scottrade customer, your

: 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. such as the thinkorswim platform