TD Ameritrade's Strong Organic Growth Should Compound With Scottrade Acquisition
TD Ameritrade reported strong earnings for its fiscal 2017 ended September. 2018 will be a significant transition year. In mid-September, TD Ameritrade completed its acquisition of Scottrade, placing it firmly in the upper tier of online brokerages with $1.1 trillion in client assets. Net revenue increased nearly $350 million for the year, 10% growth, as asset-based fees increased 17% and trading revenue was flat. For 2018, revenue should receive more than a $600 million increase from Scottrade ...TD Ameritrade Holding is a holding company. Through its subsidiaries, the company is a provider of securities brokerage services and related technology-based financial services to retail clients and independent registered investment advisors. The products and services available to the company's clients include: common and preferred stock, Exchange-Traded Funds, options, futures, foreign exchange, mutual funds, fixed income, new and secondary issue securities, margin lending, cash management services, and annuities. The company provides the client service and support through the following means: websites, branches, email, telephone, TTY services for the hearing impaired, and mobile app.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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