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Charles Schwab
TD Ameritrade is a provider of securities brokerage services and technology-based financial services. The company offers investment products and services,...
Charles Schwab
TD Ameritrade is a provider of securities brokerage services and technology-based financial services. The company offers investment products and services, including stocks, ETFs, options, futures, foreign exchange, mutual funds, fixed income, and margin lending. It serves retail investors and independent registered investment advisors through online trading platforms and investment tools, and is based in Omaha, Nebraska.
General information
Firm type
RIA
Location
Region
North America
Country
United States
City
Omaha
Corporate office
Omaha, NE, United States
Additional offices
Menlo Park · Berlin · Boston · Sydney · New York
Sector focus
Frequently asked questions
Is TD Ameritrade still independent?
No. TD Ameritrade was acquired by Charles Schwab in a deal announced November 2019 and closed October 2020. All client accounts were migrated to Schwab by late 2023. The TD Ameritrade brand no longer operates as a separate brokerage.
What happened to thinkorswim after the Schwab merger?
Charles Schwab continues to offer thinkorswim on desktop, web, and mobile platforms to former TD Ameritrade clients and new Schwab clients. The platform provides Level 2 quotes, advanced options trading, and charting tools.
How did TD Ameritrade make money?
TD Ameritrade generated revenue from payment for order flow, net interest income on margin loans and cash sweeps, and asset-based fees from advisory programs. After going commission-free in October 2019, order-flow revenue became a larger share of income.
Who owns the Ricketts family's wealth from TD Ameritrade?
Joe Ricketts, who founded TD Ameritrade, has a single-family office known as The Ricketts Family Office that manages the family's assets, including ownership stakes in the Chicago Cubs and other private investments. The family office is separate from the brokerage.
What was the size of the TD Ameritrade acquisition by Schwab?
Charles Schwab acquired TD Ameritrade in an all-stock transaction valued at approximately $26 billion (per SEC filing, November 2019). The deal combined two of the largest retail brokerages and RIA custodians at the time.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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