Imo, it is not clients that ameritrade is interested in.
Ameritrade wants to diversify its products and services. (Only imo though).
TD AMERITRADE to Acquire thinkorswim: Key Points
This deal advances our growth strategy, creating scale for the trading side of our business and, more importantly, advancing our trading strategy by several years.
We have a strong, stable balance sheet, are well-capitalized and have strong cash flow â all of which uniquely position us to be opportunistic in this economic environment.
thinkorswim is an industry leader in trader technology. Our combination will introduce new trading functionality for strategies that include advanced options trading, futures, foreign exchange and portfolio margining to our existing retail client account base.
thinkorswim, with its highly active retail clients and complementary trading tools and services, will add its current #1 position in the number of options trades placed each day to our current #1 position in the number of equity trades placed each day.(2)
We are uniquely positioned to leverage the state-of-the-art Investools investor education program as an acquisition channel and to help deepen the relationships we have with our clients. We also plan to expand it over time to include programs for long-term investing, helping us drive our asset gathering strategy.
Clients should expect no immediate impact to their accounts or the way they trade. All clients will receive more detailed information about what they can expect from the combined company after the acquisition is completed.
After the deal closes we plan to retain key members of the thinkorswim management team, including thinkorswim founders Tom Sosnoff and Scott Sheridan. We recognize the firm's outstanding achievements in trader technology and education and will support their continued innovation.
Ameritrade wants to diversify its products and services. (Only imo though).
TD AMERITRADE to Acquire thinkorswim: Key Points
This deal advances our growth strategy, creating scale for the trading side of our business and, more importantly, advancing our trading strategy by several years.
We have a strong, stable balance sheet, are well-capitalized and have strong cash flow â all of which uniquely position us to be opportunistic in this economic environment.
thinkorswim is an industry leader in trader technology. Our combination will introduce new trading functionality for strategies that include advanced options trading, futures, foreign exchange and portfolio margining to our existing retail client account base.
thinkorswim, with its highly active retail clients and complementary trading tools and services, will add its current #1 position in the number of options trades placed each day to our current #1 position in the number of equity trades placed each day.(2)
We are uniquely positioned to leverage the state-of-the-art Investools investor education program as an acquisition channel and to help deepen the relationships we have with our clients. We also plan to expand it over time to include programs for long-term investing, helping us drive our asset gathering strategy.
Clients should expect no immediate impact to their accounts or the way they trade. All clients will receive more detailed information about what they can expect from the combined company after the acquisition is completed.
After the deal closes we plan to retain key members of the thinkorswim management team, including thinkorswim founders Tom Sosnoff and Scott Sheridan. We recognize the firm's outstanding achievements in trader technology and education and will support their continued innovation.