Information AboutAmeritrade |
| CATEGORIES ABOUT TD AMERITRADE | |
| internet companies | |
| investment banks | |
| financial services companies of the united states | |
| companies based in omaha, nebraska | |
| companies established in 1971 | |
| banks in nebraska | |
TD AMERITRADE Holding Corporation () is the owner of '''TD AMERITRADE Inc.''', the largest online brokerage in the world in number of online equity trades placed per day. TD AMERITRADE traces back its lineage to a small investment banking firm and . ACQUISITION OF TD WATERHOUSE USA Ameritrade Holding Corporation acquired TD Waterhouse USA from TD Bank Financial Group . Following the acquisition, it renamed itself TD AMERITRADE. TD AMERITRADE is one of the largest online brokerages, with 6.3 million client accounts and $300 billion in client assets. Revenue and net income are expected to increase to $1.8 billion and $557 million, respectively. TD Bank now owns 39% of TD AMERITRADE, and purchased Ameritrade's Canadian brokerage operations for $60 million cash. As part of the acquisition, Ameritrade investors received a special one-time $6 dividend, funded from Ameritrade borrowings and excess cash contributed to TD Waterhouse USA by TD Bank. TD Bank will limit their ownership of TD AMERITRADE to 45% for up to ten years after the acquisition, while J. Joe Ricketts will limit his family's ownership of TD AMERITRADE to 29% for ten years after the acquisition. Ameritrade CEO Joe Moglia became the CEO of TD AMERITRADE. AWARDS
SPONSORSHIP As of May 31, 2006, TD AMERITRADE has been a title sponsor for ESPN 's Monday Night Baseball . SPAM On March 30th 2007, a Slashdot article suggested that unique email addresses provided only to TD AMERITRADE were frequently becoming targets for spammers. See for further information. Recent speculation indicates that one of TD AMERITRADE's affiliated companies [http://www.billkatz.com/node/80 is the source of the leaks. TD AMERITRADE is currently investigating the matter and hopes to have a resolution for impacted clients soon. DATA
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