Discount broker Ameritrade is buying TD Bank’s Waterhouse unit in a deal valued at about $3 billion. As part of the deal, TD Waterhouse Canada has announced that it will purchase the Canadian operations of Ameritrade.
I made an earlier post that Ameritrade is a very good option for Canadians investing in US equities. While Ameritrade assures customers that it is business as usual for now, when the deal is closed, it is very likely that we will be paying much higher commissions for equity trading. Waterhouse currently charges a minimum of $29.00 compared to Ameritrade’s flat $10.99 for unlimited shares.
(FD: I own shares in TD Bank)
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3 responses so far ↓
1 EddieLampert // Jun 23, 2005 at 10:54 am
Nice site, I think you will like mine as well. http://www.stockdiscussion.blogspot.com
2 Arbee // Jun 26, 2005 at 9:25 pm
Eddie: I checked out your site. I love the stock discussions.
Cheers!
3 mark soderman // Mar 19, 2006 at 7:22 pm
You are absolutely right.
Bend over and be prepared to take it.
TD’s “discount” commissions and platform suck compared to Ameritrade. I will be transfering all assets out just before June 3 unless someone can tell me another option that we as “dumb canucks” have.
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