TD Ameritrade

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TD Ameritrade Holding Corp.
Td-ameritrade.jpg
Founded 1971
Headquarters Omaha, NE
Products Online brokerage
Twitter @TDAmeritradePR
LinkedIn Profile
Facebook tdameritrade
Website TD Ameritrade Homepage

TD Ameritrade Holding Corp., a division of Charles Schwab & Co., Inc.,[1] provides brokerage and technology services in securities, futures, options and FX to retail investors, traders and independent registered investment advisors. [2]

TD Ameritrade, was a publicly-traded company from 1997 until its acquisition by The Charles Schwab Corporation which closed on October 6, 2020.[3] As an independent company it operated more than 100 branches in 33 U.S. states, as well as a brokerage in Singapore. It held more than $882 billion in customer assets and 7.3 million funded client accounts as of June 2017. From 2012 to 2017 the firm had attracted more than $267 billion in new client assets. It also provides custodial services for more than 5,900 independent registered investment advisors, or RIAs.[4]

The company had a market cap of $22.3 billion in September 2017.[5] In late November 2019, TD Ameritrade announced that it was being acquired by Charles Schwab, another brokerage company. The deal was valued at $26 billion for TD Ameritrade. Toronto Dominion Bank, which owned 43% of TD Ameritrade at the time of the announcement, received shares in the combined company. The deal capped the bank's voting rights at 9.9% of the shares outstanding.[6]

Headquartered in Omaha, Nebraska, it has offices in Jersey City, NJ and Southlake, Texas.

Cryptocurrency

TD Ameritrade announced that it had invested in ErisX in October 2018. The announcement said that TD Ameritrade would work with the ErisX team to develop and launch cryptocurrency trading products - pending regulatory approval.[7]

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References