Scottrade

Scottrade was a stockbroker and electronic trading platform that operated via mobile, on the web, and at branches. In September 2017, the company was acquired by TD Ameritrade and TD Bank Group, and all Scottrade brokerage accounts were automatically transitioned and converted to TD Ameritrade accounts; the checking and savings accounts that were offered through Scottrade Bank were folded into TD Bank, N.A., the American subsidiary of TD Bank Group.

Scottrade
FormerlyScottsdale Securities
IndustryFinancial services
Founded1980 (1980)
DefunctSeptember 18, 2017 (2017-09-18)
FateAcquired by TD Ameritrade (later merged into Schwab)
SuccessorCharles Schwab Corporation (through TD Ameritrade)
HeadquartersSt. Louis, Missouri
Key people
Rodger O. Riney (CEO)
ServicesStockbroker
Electronic trading platform
Personal banking
Revenue$1.1 billion (2016)
OwnerCharles Schwab Corporation
Number of employees
3,700 (2016)
ParentTD Ameritrade
Footnotes / references

In October 2020, TD Ameritrade was subsequently acquired by brokerage firm Charles Schwab Corporation. This merger would occur three years and one month later, with plans to convert all TD Ameritrade investment accounts and services to Schwab by the year 2023; including former legacy Scottrade brokerage accounts.

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