Search results
Scottrade clients have moved to TD Ameritrade. Use your existing Scottrade account number and password to login for the first time.
People also ask
Is Scottrade a TD Ameritrade?
What happened to Scottrade bank?
Is Scottrade a real brokerage?
Will TD Bank buy Scottrade bank?
- Why Did Scottrade close?
- What Happened to Scottrade accounts?
- What Did Scottrade Reviews Say?
- What Did The TD Ameritrade-Scottrade Deal Mean For Customers?
- What Happened to Scottrade? FAQs
Scottrade Financial Services closed after TD Ameritrade bought Scottrade for $4 billion in cash and stock. Ameritrade and privately-held Scottrade announced they had entered into a definitive agreement in late October 2016. The acquisition was completed about a year later on Sept. 18, 2017. In a statement, TD Ameritrade said, “The combination of ou...
Following the completion of the acquisition, Scottrade Bank accounts were closed as of Feb. 17, 2018. Bank account balances were automatically deposited in the customers’ Scottrade brokerage accounts or sent as checks to close out the accounts. Brokerage account balances were transferred to the customers’ new TD Ameritrade brokerage accounts. The t...
Scottrade was reviewed by several sites who unanimously gave the broker high marks for customer service. Its reputation for customer service was mostly based on 500 branch locations and the rapport that was built with clients since its founding in 1980. Those advantages were a holdover from the pre-Internet era. Though the company offered online tr...
Scottrade brokerage accounts automatically transferred to TD Ameritrade as part of the transition process. As of 2022, the combined company served almost 11 million client accounts with more than $1 trillion in assets. Scottrade had a reputation for providing excellent customer service. That was something Ameritrade President and CEO Tim Hockey hop...
Did Scottrade Become TD Ameritrade?
After the acquisition formally closed in September 2017, all Scottrade accounts were officially moved to TD Ameritrade by February 2018.
Why Was Scottrade Sold to TD Ameritrade?
Scottrade was sold to TD Ameritrade for several reasons including concerns over rising regulatory pressure in the brokerage industry, as well health issues of founder and CEO Rodger Riney.
When Did TD Ameritrade Take Over Scottrade?
TD Ameritrade officially completed its acquisition of Scottrade on Sept. 18, 2017.
- Jean Folger
Scottrade; Formerly: Scottsdale Securities: Industry: Financial services: Founded: 1980; 44 years ago () Defunct: September 18, 2017; 6 years ago () Fate: Acquired by TD Ameritrade (later merged into Schwab) Successor: Charles Schwab Corporation (through TD Ameritrade) Headquarters: St. Louis, Missouri
- 1980; 43 years ago
- $1.1 billion (2016)
- 3,700 (2016)
Sep 18, 2017 · OMAHA, Neb. (AP) — Online brokerage TD Ameritrade has completed its acquisition of rival broker Scottrade and will spend the next several months combining their operations. TD Ameritrade said Monday that the two-stage deal announced last fall had closed.
Oct 24, 2016 · In the two-stage deal announced Monday, TD Bank Group will buy Scottrade Bank first from Scottrade Financial Services Inc. for $1.3 billion in cash, and Scottrade Bank will be folded into TD Bank. Then, TD Ameritrade will buy Scottrade Financial Services for $2.7 billion in cash and stock.
Sep 18, 2017 · The Associated Press. OMAHA, Neb. (AP) — Online brokerage TD Ameritrade has completed its acquisition of rival broker Scottrade and will spend the next several months combining their...
