TD Ameritrade Reduces Client Pricing to $6.95 for Online Equity Trades
February 28 2017 - 08:22PM
Business Wire
TD Ameritrade Holding Corporation (NASDAQ:AMTD) announced today
that it will reduce its online equity and ETF trade commissions
from $9.99 to $6.95, and lower options pricing to $6.95 plus $0.75
per contract effective March 6, 2017.
“There is an effort underway in our industry to redefine value.
While some are leading with price, our clients tell us it’s much
more than that,” said Tim Hockey, president and chief executive
officer of TD Ameritrade. “They have told us time and again that
value is delivered via rich experiences that prioritize flexibility
and client choice, coupled with a simple, straightforward price. We
have an award-winning client offering, plus tremendous scale. With
our pending acquisition of Scottrade on the horizon, we have a
unique opportunity to enhance that experience even further with
lower pricing for all of our clients.”
“Outstanding trading platforms, innovative tools, a broad
product selection, education and 1:1 support, investment guidance
and advice – these are the things by which our clients are
measuring the quality of their experience with us,” Hockey
continued. “We’re proud of that quality, and breadth of service we
provide. We’ve been investing in retail investors for 42 years, and
our work to push the envelope in this regard will continue as the
needs and expectations of investors evolve.”
Rates are effective for retail investors, as well as the
company’s independent registered investment advisor clients.1 For
more information about TD Ameritrade’s solutions for trading,
retirement planning and investment guidance, please visit
www.tdameritrade.com.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment
advisors (RIAs) have turned to TD Ameritrade’s (NASDAQ:AMTD)
technology, people and education to help make investing and trading
easier to understand and do. Online or over the phone. In a branch
or with an independent RIA. First-timer or sophisticated trader.
Our clients want to take control, and we help them decide how -
bringing Wall Street to Main Street for more than 40 years.
TD Ameritrade has time and again been recognized as a leader
in investment services. Please visit TD Ameritrade's newsroom
or www.amtd.com for more information, or read our stories at Fresh
Accounts.
Brokerage services provided by TD Ameritrade, Inc., member
FINRA (www.FINRA.org) /SIPC (www.SIPC.org)
1 Pricing subject to certain limited exceptions.
Source: TD Ameritrade Holding Corporation
Safe Harbor
This document contains forward-looking statements within the
meaning of the federal securities laws. We intend these
forward-looking statements to be covered by the safe harbor
provisions of the federal securities laws. In particular, any
projections regarding our future revenues, expenses, earnings,
capital expenditures, effective tax rates, client trading activity,
accounts, stock price or any projections or expectations regarding
the proposed business combination transaction between us and
Scottrade Financial Services, Inc., as well as the assumptions on
which such expectations are based, are forward-looking statements.
These statements reflect only our current expectations and are not
guarantees of future performance or results. These statements
involve risks, uncertainties and assumptions that could cause
actual results or performance to differ materially from those
contained in the forward-looking statements. These risks,
uncertainties and assumptions include, but are not limited to:
general economic and political conditions and other securities
industry risks, fluctuations in interest rates, stock market
fluctuations and changes in client trading activity, credit risk
with clients and counterparties, increased competition, systems
failures, delays and capacity constraints, network security risks,
liquidity risks, new laws and regulations affecting our business,
regulatory and legal matters, the ability to obtain regulatory
approvals and meet other closing conditions to the proposed
transaction, including the completion of the merger between
Scottrade Bank and TD Bank, N.A., on the expected terms and
schedule; delay in closing the transaction; difficulties and delays
in integrating the TD Ameritrade and Scottrade businesses or fully
realizing cost savings and other benefits; business disruption
following the proposed transaction; changes in asset quality and
credit risk; the inability to sustain revenue and earnings growth;
changes in interest rates and capital markets; inflation; customer
borrowing, repayment, investment and deposit practices; customer
disintermediation; the introduction, withdrawal, success and timing
of business initiatives; competitive conditions; TD Ameritrade’s
and Scottrade’s businesses experiencing disruptions due to
transaction-related uncertainty or other factors making it more
difficult to maintain relationships with employees, customers,
other business partners or governmental entities; the inability to
realize synergies or to implement integration plans and other
consequences associated with mergers, acquisitions and
uncertainties and other risk factors described in our latest Annual
Report on Form 10-K, filed with the SEC on Nov. 18, 2016. These
forward-looking statements speak only as of the date on which the
statements were made. We undertake no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, except to the
extent required by the federal securities laws.
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version on businesswire.com: http://www.businesswire.com/news/home/20170228006973/en/
For Media:TD Ameritrade Holding CorporationKim Hillyer,
402-574-6523Director, Corporate
Communicationskim.hillyer@tdameritrade.com@TDAmeritradePRorFor
Investors:TD Ameritrade Holding CorporationJeff Goeser,
402-597-8464Director, Investor
Relationsjeffrey.goeser@tdameritrade.com
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