Who Is Buying Scottrade May 2026

Most client accounts were migrated to TD Ameritrade by February 2018.

TD Ameritrade acquired Scottrade Financial Services for approximately . who is buying scottrade

Scottrade was acquired by in a two-stage deal completed on September 18, 2017. Subsequently, Charles Schwab acquired TD Ameritrade in 2020, and all former Scottrade accounts have since been transitioned to Schwab's platforms. Acquisition Timeline 2017: TD Ameritrade Acquisition Most client accounts were migrated to TD Ameritrade

The deal was split: Toronto-Dominion Bank purchased Scottrade’s banking business for $1.3 billion, while TD Ameritrade acquired the brokerage arm for $2.7 billion in cash and stock. Subsequently, Charles Schwab acquired TD Ameritrade in 2020,

As of May 2024, the TD Ameritrade platform has been shut down, and all accounts—including those formerly with Scottrade—now reside at Charles Schwab . Information for Former Scottrade Clients

completed its $26 billion acquisition of TD Ameritrade in October 2020.