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Scottrade was a stockbroker and electronic trading platform that operated via mobile, on the web, and at branches. In September 2017, the company was acquired by TD Ameritrade and TD Bank Group, and all Scottrade brokerage accounts were automatically transitioned and converted to TD Ameritrade accounts; the checking and savings accounts that ...
American. Alma mater. University of Missouri. Known for. Founder of Scottrade. Notes. [1] [2] Rodger O. Riney (born 1945) is an American [3] billionaire and the founder of Scottrade, a stockbrokerage that was acquired by TD Ameritrade in 2017. [4]
In September 2017, the company acquired the main brokerage business of Scottrade, while the Scottrade Bank subsidiary along with associated checking and savings accounts were acquired by TD Bank Group's U.S. subsidiary TD Bank, N.A.. In 2020, TD Ameritrade was acquired by Charles Schwab Corporation and accounts were transitioned to Schwab by 2024.
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TD Ameritrade and E*TRADE require $2,000 to open a margin account and Fidelity requires $2,500. TD Ameritrade requires a margin rate of 9.5%, the highest of the three. Fidelity has a margin rate ...
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E-Trade Financial Center, San Francisco. E-Trade Financial Corporation (stylized as E*TRADE ), a subsidiary of Morgan Stanley, offers an electronic trading platform to trade financial assets. The company receives revenue from interest income on margin balances, commissions for order execution, payment for order flow, and management services.