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Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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Ameritrade Close to Deal to Buy TD Waterhouse





Ameritrade is determined to be the lowest cost provider.

From New York Times:

Ameritrade Holdings, the online brokerage firm, was near an agreement late yesterday to purchase TD Waterhouse, another powerhouse in the industry, according to executives close to the deal.

The acquisition is expected to be announced as early as today, the executives said.

Ameritrade, which is based in Omaha, would become the largest online brokerage firm in the country.

The current leader, the E*Trade Financial Corporation, has been trying for a month to acquire Ameritrade, and that effort is now apparently thwarted.

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