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The online discount brokerages are joining forces to streamline and take on the index investing phenomenon.
TD Ameritrade will be acquiring its fellow discount brokerage Scottrade Financial Services in a $4 billion cash and stock transaction that TD describes as “a good strategic and financial fit for us” that will bring together complementary organizations that can bolster their investment guidance, planning and advisory services, including “robo” advice. “For TD Ameritrade, the...
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