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TD Ameritrade history
TD Ameritrade company history timeline
TD Ameritrade Holding was founded by J. Joe Ricketts in 1971 and is headquartered in Omaha, NE.“
In 1975, the Securities and Exchange Commission banned the practice of fixed brokerage commissions and Joe Ricketts and three partners opened First Omaha Securities, Inc. in Omaha, Nebraska.
In 1983, Ameritrade Clearing Inc. was established as a central counterparty clearing broker.
In 1995, the company acquired K. Aufhauser & Company, Inc., the first firm to offer an electronic trading platform.
Ameritrade formed Freetrade in November 2000, which provided commission-free equity market orders.
In September 2002, the company acquired Datek.
In June 2003, the company acquired MyDiscountBroker.com.
Ameritrade purchased Mydiscountbroker.com in June 2003, and client accounts reached 3 million.
In 2004, the company acquired Bidwell in January, BrokerageAmerica in February, and JB Oxford and Company in October.
In 2004, Ameritrade completed the purchase of Bidwell and Company in January, BrokerageAmerica in February, Investex in May and JB Oxford and Company in October.
On January 24, 2006, Ameritrade Holding Corporation acquired TD Waterhouse USA from TD Bank Financial Group.
As of August 2007, there were reports suggesting that Ameritrade was engaged in merger talks with E*TRADE.
In February 2008, the company acquired accounts from Fiserv.
In May 2008, CEO Joe Moglia announced he would be vacating the CEO position and would become Chairman.
Fred Tomczyk, the former COO, was named his successor and took over in September 2008.
In 2008, the company agreed to reimburse its customers for up to a 3% loss in the Reserve Primary Fund, or up to $50 million.
Tomczyk announced on June 10, 2009, that the name of the new ballpark will be TD Ameritrade Park Omaha.
In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total.
In 2013, the company opened a new $250 million headquarters in Omaha.
The new building was planned for development in the Old Mill area of Omaha, with a scheduled completion date of 2013.
The Reserve Yield Plus made its final distribution in 2016 and investors received 97 to 98 cents per share in addition to compensation from TD Ameritrade.
In 2016, Tomczyk retired as CEO and succeeded by Tim Hockey, who had previously headed the TD Canada Trust retail banking division of Toronto-Dominion Bank.
In April 2018, TD Ameritrade and Havas placed the first advertisement inserted within the bitcoin blockchain.
On October 6, 2020, Charles Schwab Corporation acquired the company.
© 2021 Charles Schwab & Co., Inc, All rights reserved.
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TD Ameritrade competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| TradePMR | 1998 | $5.0M | 53 | - |
| Calamos Investments | 1977 | $284.0M | 301 | 28 |
| Ngam Advisors, L.P. | 1997 | $690.0M | 1,425 | 15 |
| ING Financial Holdings Corporation | 1981 | $1.3M | 526 | - |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 276 |
| Fidelity Investments | 1946 | $18.2B | 65,000 | 1,074 |
| Cambridge Associates | 1973 | $570.0M | 1,300 | 50 |
| John Hancock Investment Management | 1969 | $79.0M | 750 | - |
| Putnam Investments | 1937 | $350.0M | 1,701 | - |
| E*TRADE | 1982 | $2.9B | 4,000 | - |
TD Ameritrade history FAQs
Zippia gives an in-depth look into the details of TD Ameritrade, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TD Ameritrade. The employee data is based on information from people who have self-reported their past or current employments at TD Ameritrade. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by TD Ameritrade. The data presented on this page does not represent the view of TD Ameritrade and its employees or that of Zippia.
TD Ameritrade may also be known as or be related to TD Ameritrade, TD Ameritrade Holding Corporation, TD Ameritrade Inc, Td Ameritrade Holding Corporation, ThinkTech, Inc. and ameritrade.