TD Ameritrade
American online broker / From Wikipedia, the free encyclopedia
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TD Ameritrade was a stockbroker that offered an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, forex, options, mutual funds, fixed income investments, margin lending, and cash management services. The company received revenue from interest income on margin balances, commissions for order execution, and payment for order flow.
Company type | Defunct |
---|---|
Industry | Financial services |
Founded | 1971; 53 years ago (1971) (as Ameritrade) |
Fate | Acquired by Charles Schwab Corporation and shut down |
Headquarters | Omaha, Nebraska, United States |
Key people | Joe Ricketts (Founder) Steve Boyle (Interim President and CEO) |
Services | Stockbroker Electronic trading platform |
Revenue | $4.358 billion (Q3 2020) |
$1.930 billion (Q3 2020) | |
$1.393 billion (Q3 2020) | |
Total assets | $54.394 billion (2020) |
Total equity | $9.568 billion (Q3 2020) |
Number of employees | 8,939 (2020) |
Parent | TD Ameritrade Holding Co. |
Website | www |
Footnotes / references [1] |
The company was founded as Ameritrade in 1971. In 2006, it acquired the United States operations of TD Waterhouse from Canadian holding company TD Bank Group and was renamed TD Ameritrade, with TD Bank Group holding a significant ownership stake in the combined company. In September 2017, the company acquired the main brokerage business of Scottrade. In 2020, TD Ameritrade was acquired by Charles Schwab Corporation and accounts were transitioned to Schwab by 2024.