M&A Deal Summary |
|
|---|---|
| Date | 2019-07-25 |
| Target | United Services Automobile Association - Investment Management Company |
| Sector | Financial Services |
| Buyer(s) | Charles Schwab |
| Sellers(s) | United Services Automobile Association |
| Deal Type | Divestiture |
| Deal Value | 1.8B USD |
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| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Financial Services |
| Employees | 32,600 |
| Revenue | 18.8B USD (2023) |
Charles Schwab provides securities brokerage, banking, money management, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments, Investor Services and Institutional Services. The Investor Services segment provides retail brokerage and banking services to individual investors. The Institutional Services segment provides custodial, trading, and support services to independent investment advisors. The Institutional Services segment also provides retirement plan services, specialty brokerage services, and mutual fund clearing services. Charles Schwab was founded in 1971 and is based in Westlake, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 13 |
| Sector (Financial Services) | 9 of 11 |
| Type (Divestiture) | 2 of 2 |
| State (Texas) | 4 of 4 |
| Country (United States) | 10 of 13 |
| Year (2019) | 1 of 2 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-15 |
ThomasPartners
Wellesley, Massachusetts, United States ThomasPartners, Inc., headquartered in Wellesley Massachusetts, specializes in the construction of growth-oriented investment portfolios to generate current dividend income streams and that are actively managed to generate annual aggregate portfolio dividend income growth. |
Buy | $85M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-25 |
TD Ameritrade Holding
Omaha, Nebraska, United States 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. |
Buy | $26.0B |
| Category | Company |
|---|---|
| Founded | 1922 |
| Sector | Insurance |
| Employees | 25,800 |
United Services Automobile Association family of companies provides insurance, banking, investments, retirement products, and advice to more than 12.7 million current and former members of the U.S. military and their families. Known for a legendary commitment to members, USAA consistently is recognized for outstanding service, employee well-being, and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-10 |
Noblr
San Francisco, California, United States Noblr is a property and casualty insurance provider. Noblr provides consumers with real-time insurance rates and real-time feedback on driving behavior by leveraging telematics and Noblr's own proprietary technology. Noblr is based in San Francisco, California. |
Buy | - |
