TD Ameritrade

From Wikipedia, the free encyclopedia

You have new messages (last change).
TD AMERITRADE Holding Corporation
Image:Amtd_logo.gif
Type Public (NASDAQ: AMTD)
Founded Omaha, Nebraska (1971)
Headquarters Omaha, Nebraska, USA
Key people Joe Moglia, CEO
J. Joseph Ricketts, Chairman
William Gerber, CFO
Chris Armstrong, EVP, Sales and Marketing
Jerry Bartlett, CIO
Asiff Hirji, COO
Industry Brokerages
Products Stock Brokerage
Revenue $1.803 Billion USD (2006)
Net income $526.76 Million USD (2006)
Employees 3,947 (2006)
Website www.amtd.com

TD AMERITRADE Holding Corporation (NASDAQ: AMTD) is the owner of Ameritrade Inc., the largest online brokerage in America.

Holding Corporation traces back its lineage to a small investment banking firm and First Omaha Securities, Inc. (later Accutrade) in Omaha, Nebraska. Ameritrade Clearing Inc. was established as a clearing broker in 1983, and by 1987 TransTerra Company became the holding company for Ameritrade, and the company was subsequently known as TransTerra Company. In October 1995, Ameritrade acquired All American Brokers. In January of 1996, TransTerra's Accutrade launched "Accutrade® for Windows®," the first online investing system that let individuals partake in program investing and basket trading. By May of 1996, TransTerra launched an Internet only broker called eBroker™, and by November, TransTerra Company became Ameritrade Holding Corporation. In March of 1997, Ameritrade became a publicly held company, and its IPO opened at $15 per share. Ameritrade formed Freetrade in November of 2000, which provided commission-free equity market orders. Freetrade has since been replaced by Ameritrade Izone, which now offers $5 equity market orders. In 2001, Ameritrade made two acquisitions: the February acquisition of TradeCast, giving Ameritrade a presence in the business-to-business arena, and the September acquisition of National Discount Brokers Corporation, adding $6.3 billion in client assets. In 2002, Ameritrade merged with Datek Online Holdings Corporation, and raised commissions to $10.99 from $8. Ameritrade purchased Mydiscountbroker.com in June 2003, and client accounts reached 3 million. In 2004, Ameritrade completed the purchase of Bidwell and Company in January, BrokerageAmerica in February, and JB Oxford and Company in October.


Contents

[edit] 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 the one of the largest online brokerages, with 5.5 million clients and $219 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.

[edit] Awards

  • Four Stars to Ameritrade's Ameritrate Apex™ from Barron's 2005 Review of Online Brokers, March 2005
  • Certified Customer Call Center from J.D. Power and Associates, May 2004
  • Reader's Choice Award from Stocks and Commodities magazine, February 2004
  • Best of the Web from Forbes, 2003, 2004
  • Top Choice from the Wall Street Journal, May 2002

[edit] Sponsorship

As of May 31, 2006, TD AMERITRADE has been a title sponsor for ESPN's Monday Night Baseball.

[edit] Data

[edit] Competitors

[edit] See also

[edit] External links


v • d • e
Omaha topics Flag of Omaha

History • Neighborhoods • Places and Landmarks • Parks • Architecture • Culture • Theatre • Sports • Media (Print • Radio • Television) •
Education (Colleges and universities • Omaha Public Schools) • Economy • Government • Geography • Civil rights • Metropolitan area • People • Lists

Retrieved from "http://en.wikipedia.org../../../t/d/_/TD_Ameritrade_af7e.html"