What happened to Datek Online?
If you haven’t logged in to your Datek investing account in a few years, you may be a bit dismayed to find that Datek is no longer there. The online stock trading firm was acquired by TD Ameritrade in 2002. But despair not, you can still access your account through Datek’s new owners.
Who bought Datek?
Ameritrade Holding Corp.
Online brokerage Ameritrade Holding Corp. will acquire Datek Online Holdings Corp. in a stock transaction valued at $1.3 billion, the companies announced yesterday.
When did Ameritrade buy Datek?
September 2002
In July 2001, the company acquired National Discount Brokers for $154 million, adding $6.3 billion in client assets. In September 2002, the company acquired Datek.
Who did TD Ameritrade take over?
Charles Schwab Corp. is gearing up for the massive move of financial advisers who custody client assets with TD Ameritrade Inc., and will begin preparing and educating advisers about that change in the second half of next year, with the actual moving of client accounts — dubbed a “conversion” — taking place in the last …
Who bought Datek Online?
Ameritrade Holding Corp. AMTD -3.78% , America’s third-largest discount brokerage house, agreed to purchase Datek Online Holdings Corp. in an all-stock transaction valued at almost $1.29 billion.
Is Schwab still buying TD Ameritrade?
Charles Schwab said in 2019 it was buying TD Ameritrade Holding Corp. for $26 billion. In mid-2020, the merger got the approval of the Antitrust Division of the Department of Justice, paving way for the move of thousands of financial advisers eventually from TD’s custody platform to Schwab’s.
Why is Schwab buying TD Ameritrade?
Combining the respective strengths of Schwab and TD Ameritrade will enable the company to invest in enhanced client experience capabilities and further its financial success to the benefit of clients, employees and stockholders.