TD Ameritrade

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TD Ameritrade

A company that offers brokerage services over the Internet. It allows clients to buy, sell, and short sell stocks, bonds, mutual funds, and other investment vehicles. A client manages his/her online brokerage account by giving orders online, which TD Ameritrade then fills. TD Ameritrade sometimes charges a flat fee per trade (as opposed to a commission) for conducting transactions, but it does not provide individual investment advisory services. It was established in 1983 as a clearing broker and launched the first online brokerage service for individuals in 1996. It is based in Omaha, Nebraska.
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The largest announced transactions were the proposed sale by The Toronto-Dominion Bank of TD Waterhouse Group to Ameritrade Holding for US$2.9 billion.
"As a customer-centric business, we want to provide customers with self-help tools that make it easy for them to do business with us--whether they do so on the Web, on the phone or in person," says Bob Cantelmo, senior VP of technology for TD Waterhouse Group. "IPhrase helps us fulfill this objective with a flexible platform that meets our complex needs, and with it, we were up and running in a few days, and fully deployed in just six weeks."
Created by Foundation Source, a philanthropic-services firm in Norwalk, Conn., the product is being offered to clients both by Chicago-based Bank One and by professional advisers served by TD Waterhouse Institutional Services, a division of online Wall Street brokerage TD Waterhouse Group that provides back-office services for independent financial advisers.
"Our selection by Verizon Wireless, the largest wireless carrier in the U.S., for premier placement on their Mobile Web On-Line Trading menu makes our service even more convenient for both current and prospective customers," said Stuart Rubinstein, Senior Vice President, Electronic Commerce, TD Waterhouse Group, Inc.
Mr Bharat Masrani, executive vice-president of TD Waterhouse Group, said: 'We are confident that this acquisition will firmly establish TD Waterhouse as the UK's largest share broker.'
TD Waterhouse Group Inc., a financial services firm and the world's second largest discount broker, announced the grand opening of its first branch in Anchorage.
(member NYSE/SIPC), a subsidiary of TD Waterhouse Group, Inc.