: For several months after the close, Scottrade operated as a separate entity to ensure a "seamless transition" for its clients.
: 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
: 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. : For several months after the close, 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? : Customers kept their assets but gained access
: The acquisition officially closed on September 18, 2017 . The Client Transition (2018)