Speaking of brokerage services, FYI for anyone usi

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In October 2016, TD Ameritrade and Toronto-Dominion Bank announced that it would purchase Scottrade for $4 billion. Based in St. Louis, the discount brokerage has been operating since 1980. Compressed margins in the industry are likely the main reason for the merger. The combined company will have more than 10 million accounts and nearly $1 trillion in assets. Speaking to the St. Louis Post-Dispatch after the agreement, Scottrade founder and CEO Rodger Riney explained the business has become very competitive and how larger scale would help lower costs. In a letter to customers, Scottrade President Peter deSilva explained that the core business and network would remain in place. What is less clear is whether the Scottrade name will remain. One strong indication that it may be the last days for the brand is that the Scottrade Center in St. Louis -- home of the National Hockey League’s St. Louis Blues -- will change its name to the TD Ameritrade Center.

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