M&A Deal Summary

TD Ameritrade Holding Acquires Scottrade Financial Services

On October 24, 2016, TD Ameritrade Holding acquired financial services company Scottrade Financial Services for 4.0B USD

Acquisition Highlights
  • This is TD Ameritrade Holding’s 3rd transaction in the Financial Services sector.
  • This is TD Ameritrade Holding’s largest (disclosed) transaction.
  • This is TD Ameritrade Holding’s 4th transaction in the United States.
  • This is TD Ameritrade Holding’s 1st transaction in Missouri.

M&A Deal Summary
Date 2016-10-24
Target Scottrade Financial Services
Sector Financial Services
Buyer(s) TD Ameritrade Holding
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Goldman Sachs (Financial)

Target

Scottrade Financial Services

St. Louis, Missouri, United States
website
Scottrade Financial Services, Inc. is a financial services firm with four key lines of business. These include Scottrade, Inc., a brokerage company; Scottrade Advisor Services, a division of Scottrade, Inc., which serves registered investment advisors; Scottrade Bank, a provider of online retail banking products and services, commercial lending and commercial equipment financing; and Scottrade Investment Management, providing investment guidance services. Scottrade pairs its nationwide branch network with online products and services to help clients gain insight into the market and react quickly to trading opportunities. Scottrade Financial Services, Inc. was formed i n1980 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

TD Ameritrade Holding

Omaha, Nebraska, United States

website

Category Company
Founded 1971
Sector Financial Services
Employees9,226
Revenue 5.4B USD (2018)
DESCRIPTION
TD Ameritrade's corporate headquarters in Omaha, Nebraska.
TD Ameritrade's corporate headquarters in Omaha, Nebraska.

TD Ameritrade Holding Corp. is a provider of securities brokerage services and related technology-based financial services to retail investors, traders and independent registered investment advisors. TD Ameritrade provides its services predominantly through the Internet, a national branch network and relationships with RIAs. TD Ameritrade was established in 1971 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Missouri) 1 of 1
Country (United States) 4 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 thinklink

Needham, Massachusetts, United States

thinklink is an Internet-deployed trade order management system, execution system, liquidity engine and provides connectivity to algorithmic trading systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 TD Ameritrade Holding - Retirement Plan Custody & Trust Assets

Omaha, Nebraska, United States

TD Ameritrade Holding Corp. - Retirement Plan Custody & Trust Assets provides directed trustee, custody, mutual fund, and ETF trading services enable Broadridge to meet an even greater variety of client needs, unlock new growth opportunities and serve a broader set of retirement stakeholders.

Sell -
Mergr

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