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 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

: For several months after the close, Scottrade operated as a separate entity to ensure a "seamless transition" for its clients. In October 2016, TD Ameritrade announced a massive