M&A Deal Summary

Broadridge Acquires TD Ameritrade Holding - Retirement Plan Custody & Trust Assets

On April 17, 2019, Broadridge acquired financial services company TD Ameritrade Holding - Retirement Plan Custody & Trust Assets from TD Ameritrade Holding

Acquisition Highlights
  • This is Broadridge’s 2nd transaction in the Financial Services sector.
  • This is Broadridge’s 20th transaction in the United States.
  • This is Broadridge’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2019-04-17
Target TD Ameritrade Holding - Retirement Plan Custody & Trust Assets
Sector Financial Services
Buyer(s) Broadridge
Sellers(s) TD Ameritrade Holding
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Broadridge

Lake Success, New York, United States
Category Company
Founded 1962
Sector Information Technology
Employees14,000
Revenue 6.1B USD (2023)
DESCRIPTION

Broadridge is a provider of investor communications and technology-driven solutions for wealth management, asset management and capital markets firms. The Company helps clients drive operational excellence to manage risk, accelerate growth and deliver real business value. Broadridge was incorporated in 1962 and is based in Lake Success, New York.

DEAL STATS #
Overall 25 of 38
Sector (Financial Services) 2 of 2
Type (Divestiture) 5 of 10
State (Nebraska) 1 of 1
Country (United States) 20 of 29
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 MackayWilliams

London, United Kingdom

MackayWilliams LLP is an independent research boutique specialising in the research and analysis of the European mutual funds arena with particular reference to funds’ distribution. MackayWilliams LLP is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Rockall Technologies

Dublin, Ireland

Rockall Technologies is a provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks. Rockall Technologies was founded in 1999 and is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

TD Ameritrade Holding

Omaha, Nebraska, United States
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 2 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 2 of 2
State (Nebraska) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Scottrade Financial Services

St. Louis, Missouri, United States

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.

Buy $4.0B
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