The Charles Schwab Corporation Completes Acquisition of TD Ameritrade
October 6, 2020
The Charles Schwab Corporation completed its acquisition of TD Ameritrade Holding Corporation, creating a combined firm with approximately $6 trillion in client assets and 28 million brokerage accounts. The deal broadens Schwab’s scale and product offering (including thinkorswim and institutional custody solutions) and begins an 18–36 month integration to unify platforms and operations.
- Targets
- TD Ameritrade Holding Corporation
- Sellers
- TD Ameritrade stockholders, The Toronto-Dominion Bank (TD Bank)
- Industry
- Financial Services
- Location
- Nebraska, United States
- Transaction Type
- Buyout
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