Scottrade and TD Ameritrade Coming Together as One

Dear Advisors,

I am pleased to announce that an agreement has been reached for Scottrade to be acquired by TD Ameritrade. This includes Scottrade® Advisor Services. In a separate transaction, Scottrade Bank has reached a similar agreement with TD Bank Group.

For more than 36 years, we have been committed to delivering exceptional value, service and support to help investors overcome barriers to financial success. When we started Scottrade® Advisor Services in 2005, it was to provide low-cost custodial services and a high level of support and attention to help advisors support their clients and manage their businesses. TD Ameritrade Institutional has similar philosophies around advisor and client care as we do.

Through our combined companies, you will benefit from:

  • Exceptional service with a focus on practice management guidance and support
  • A mix of flexible technology, investment solutions and business tools that let you use the solutions you’re most comfortable with
  • Access to an award-winning advisor technology platform
  • A broad range of investments including 100 commission-free ETFs, options and more – helping you give your clients a diverse and cost effective choice of investments
  • An advocate on behalf of 5,000 independent RIAs

For now, nothing changes and no action is needed on your part. It will take several months for the transactions to close and until then, we will be operating as separate and independent companies. That means it is business as usual at Scottrade® Advisor Services. You will continue to access our custodial platform and work with our dedicated service teams just as you always have.

You may have more specific questions about what this announcement means, so we have included some additional information below. We are committed to keeping you informed throughout this process and will periodically update this list as new information becomes available. Many details are still unknown. In the meantime, if you have questions, please do not hesitate to contact us at 877.726.8741.

Thank you for your business,

Rodger Riney
Founder and Chief Executive Officer
Scottrade Financial Services

We know you have questions and we want to keep you informed about what this means for you and your clients. As we learn new information, we will update this page.

When will the acquisition be complete?

The transactions are subject to customary regulatory approvals and a closing period that is expected to be complete by Sept. 30, 2017. During that time, there is no impact to your accounts or your ability to do business with Scottrade.

Will anything change with the custodial platform or my clients’ accounts?

This announcement will not impact your access to our custodial platform or your or your clients’ accounts. Until the transactions close we will be operating as separate and independent companies. You will have the same account, with the same access to the platforms and resources you have always enjoyed. Our dedicated service teams will continue to support you with the same level of service and commitment you have come to expect from Scottrade.

What happens when the acquisition is complete?

Scottrade and TD Ameritrade are working closely together to ensure your transition to TD Ameritrade Institutional is smooth and simple. We will share more information as we work through the transition process.

If I am in the process of moving to Scottrade® Advisor Services, does this announcement impact me?

No. We will still be bringing on new advisors and new assets, helping you manage and grow your business just as we always have.

Click here for more information about the impact to Scottrade’s retail brokerage clients.