Schwab acquired TD Ameritrade for an estimated $22 billion in a deal announced in 2019. Its innovative spirit, strong customer service, and commitment to putting the needs of traders first have made it the brokerage of choice for 11 million clients who have collectively invested more than $1 trillion in assets with TD Ameritrade.Īs TD Ameritrade grew, it attracted the attention of an even bigger, more established brokerage firm: Charles Schwab. Since then, the brokerage became one of the first to allow trades by phone and was a pioneer in online investing.
Securities and Exchange Commission began allowing the practice in 1975.
TD Ameritrade started its life as First Omaha Securities, Inc., and it was one of the first brokerage firms to provide discounted brokerage commissions when the U.S.
Who can open an account with TD Ameritrade?.
