DBRS rating agency Morningstar said the conclusion of the Schwab-Ameritrade deal had no impact on the long-term rating of TD`s double-A issuer and that there was “potential upside potential” for the bank as synergies from the merger would be eliminated. Upon completion of the merger, TD Bank is expected to control total U.S. deposits of about $348.8 billion, or 2.1 percent of total deposits at custodian banks insured in the U.S., according to the Fed. TD initially said the deal had the potential to increase the value of its investment from $4 billion to $6 billion. However, Schwab and TD have also entered into a shareholder agreement that grants the Canadian lender two seats on Schwab`s board of directors (which will be held by Masrani and TD CEO Brian Levitt), but requires the bank to retain its shares for at least eight months after the transaction closes. “However, as history has shown, with the integration of technology, nothing ever goes well, so the disruption of the massive merger will be real for consultants,” he noted. “Will they stay and get by? That is the $26 billion issue. In connection with the proposed transaction between The Charles Schwab Corporation (“Schwab”) and TD Ameritrade Holding Corporation (“TD Ameritrade”), Schwab and TD Ameritrade will file relevant documents with the Securities and Exchange Commission (the “SEC”), including a schwab registration statement on Form S-4, which will include a joint proxy circular from Schwab and TD Ameritrade, which is also a prospectus of Schwab. and a final joint proxy circular/prospectus will be sent to shareholders of Schwab and TD Ameritrade. INVESTORS AND SECURITYHOLDERS OF SCHWAB AND TD AMERITRADE ARE CAUTIONED TO CAREFULLY AND IN FULL READ THE REGISTRATION STATEMENT, JOINT PROXY CIRCULAR/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR ADDITIONS THERETO, AS THEY CONTAIN OR WILL CONTAIN MATERIAL INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.

Investors and securityholders may obtain free copies of the registration statement and joint proxy statement/prospectus (if any) and other documents filed by Schwab or TD Ameritrade with the SEC from the SEC`s website maintained by the SEC at www.sec.gov or by contacting Schwab`s Investor Relations Department at investor.relations@schwab.com or TD Ameritrade at (800) 669-3900. As part of its review, the Fed assessed the ties between TD Ameritrade and Schwab after the merger, including equity participation, directors of several boards of directors (called director lockouts) and a major deposit sweep agreement. “Now that all necessary approvals for the proposed acquisition have been obtained, Schwab expects to close the transaction on October 6, subject to the customary closing conditions set forth in the merger agreement,” it said in a statement Wednesday evening. Charles Schwab Corporation and TD Ameritrade Holding Corporation announced today that they have entered into a definitive agreement to acquire TD Ameritrade by Schwab in an all-stock transaction valued at approximately $26 billion. A: Schwab was founded in San Francisco and has maintained a long-standing commitment to the San Francisco Bay Area that continues. A small percentage of positions can move to Westlake over time, either through relocation or rotation. However, the vast majority of San Francisco-based roles are not expected to be affected by this decision. Schwab plans to continue hiring in San Francisco and maintain a significant presence in the city. Any additional real estate decisions will be made over time as part of the integration process. .

Preserve your wealth with advanced tax planning and risk management strategies. TD Bank sells its 43% interest in TD Ameritrade to Schwab and acquires 9.9% of the voting common shares of Schwab and approximately 3.7% of the non-voting common shares in the transaction. TD Ameritrade`s net sales increased 6% year over year to approximately $1.6 billion in the period ending June 30. Schwab`s revenue fell 9 percent to about $2.5 billion in the same quarter. More information on this announcement can be found in the press release at the following link. Meanwhile, Joel Bruckenstein, head of technology tools for Today, called Schwab`s plan a “good decision” in a tweet. The thinkpipes platform provides advisors with features that include real-time mapping and efficient trading and allocation. Specifically, the Fed said the Toronto-Dominion Bank (“TD Bank”) of Canada could acquire a minority stake in Schwab without control as part of the transaction. In its decision, the Fed said that given the size of the two companies, the large number of competitors on the Internet, and the “diffuse geographic nature of TD [Bank]`s and Schwab`s internet deposits, the proposed transaction would not result in a significant increase in concentration in a single market.” Charles Schwab said the Federal Reserve Board has given final approval for the purchase of TD Ameritrade for $26 billion and the deal is expected to be reached in October.