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.
Formerly | Scottsdale Securities |
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Industry | Financial services |
Founded | 1980 |
Defunct | September 18, 2017 |
Fate | Acquired by TD Ameritrade (later merged into Schwab) |
Successor | Charles Schwab Corporation (through TD Ameritrade) |
Headquarters | St. Louis, Missouri |
Key people | Rodger O. Riney (CEO) |
Services | Stockbroker Electronic trading platform Personal banking |
Revenue | $1.1 billion (2016) |
Owner | Charles Schwab Corporation |
Number of employees | 3,700 (2016) |
Parent | TD 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.