October 24, 2016
I want to inform you that Scottrade has reached an agreement to be acquired by TD Ameritrade. This includes Scottrade® Advisor Services. Separately, Scottrade has reached a similar agreement with TD Bank Group. I wanted to share my perspective and make myself available should you have any questions.
The agreement will increase TD Ameritrade’s client base by more than 3 million accounts and greatly expand their branch network across the country, leveraging Scottrade’s strength in client service.
Because they are early on in the process, there are still many details that need to be worked out. I’ll keep you informed as new information is available.
For now, this announcement does not impact you. Until the transactions close, Scottrade, Scottrade Bank, TD Ameritrade and TD Bank Group will be operating as separate and independent companies.
All the Best,