If the share was issued by a publicly traded company (U.S. or foreign), look up the historical rate for the shares online and report the share price at the time when you purchased the shares. If the share was sold by a private company, contact the company to request the historical price of the share.
Full Answer
Is Scottrade still in business?
1 Scottrade was an online brokerage firm that served more than 3 million accounts in the U.S. ... 2 The acquisition of Scottrade was completed by brokerage firm TD Ameritrade on September 18, 2017. 3 After the acquisition formally closed, all Scottrade accounts were officially moved to TD Ameritrade by February 2018. More items...
Is Scottrade owned by TD Ameritrade?
The acquisition of Scottrade was completed by brokerage firm TD Ameritrade on September 18, 2017. Scottrade was an online brokerage firm that served more than 3 million accounts in the U.S. and had $170 billion in assets under management.
How much does it cost to open a legacy Scottrade account?
Open an account today and you will also get access to: Commission-free online trading with no hidden fees, platform fees, or trade minimums. Applies to US exchange listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades on all online equity trades Legacy Scottrade account questions?
How many branches does Scottrade have?
Before the acquisition, Scottrade had about 500 branch locations throughout the U.S. By 2019, those branches had either been converted to TD Ameritrade locations or closed. Customers still had access to Ameritrade’s 360+ branch locations after the transition.
How do I see total gains on TD Ameritrade?
0:050:39TD Ameritrade How To Find Your Profit & Losses - YouTubeYouTubeStart of suggested clipEnd of suggested clipAnd let's get started the first thing we're going to do is switch to the account dashboard. OptionMoreAnd let's get started the first thing we're going to do is switch to the account dashboard. Option from here on the middle of our screen you'll be able to see the positions.
How do I find my Cost Basis on TD Ameritrade?
To access the platform, just log into your account at tdameritrade.com, go to My Account, and select Cost Basis.
How do I get TD Ameritrade statements?
You can log in to the TD app to view and download statements for accounts with online delivery:Select My Accounts.Select the desired account.Select Statements tab.Select the statement period.Tap Download – this additional step only applies to credit accounts.
What happened to Scottrade accounts?
On Feb. 18, 2018, TD Ameritrade fully completed the conversion of Scottrade brokerage accounts to TD Ameritrade, essentially becoming a single platform. Today, TD Ameritrade is well known for its extensive research capabilities, wide education offerings, numerous support channels, and zero-commission trades.
Does TD Ameritrade keep track of cost basis?
2. From the account's History Overview screen select the Cost Basis tab Page 2 TD Ameritrade: Cost Basis Note: The Cost Basis section for the client's account will display. This section has tabs across the top of the section each with a unique function.
How do I calculate cost basis of old stock?
If you know when the stock was purchased, here are some tips:Sign in to your brokerage account. ... Look at previous broker statements. ... Contact your brokerage firm. ... Go online for historical stock prices. ... Go directly to the source.
How do I download TD statements PDF?
Step 1: Go to the Statements & Documents page. To download or print online statements, go to the left menu and select Statements & Documents. ... Step 2: Go to the desired statement. From My Online Statements, select and open your desired statement. ... Step 3: Print and Save. To print a paper copy, select the printer icon.
What is account value TD Ameritrade?
The account value is the total dollar worth of all the holdings of the account. The cash value is the total amount of liquid cash in the account, available for immediate withdrawal or use.
What is margin balance on TD Ameritrade?
Margin trading simply means borrowing money from a brokerage to purchase securities. Margin balance is the amount of money an investor owes to the brokerage. When an investor uses the brokerage's funds to buy securities, this results in a margin debit balance.
How do I find my old Scottrade account?
Need to access your old Scottrade account now? Learn more about TD Ameritrade and how you can access your account within the new platform....Step 1: Go to TD Ameritrade. ... Step 2: Log in to Your Account. ... Step 3: Browse TD Ameritrade User Website Options.
What was Scottrade before?
Scottrade was a stockbroker and electronic trading platform that operated via mobile, on the web, and at branches....Scottrade.FormerlyScottsdale SecuritiesHeadquartersSt. Louis, MissouriKey peopleRodger O. Riney (CEO)ServicesStockbroker Electronic trading platform Personal banking11 more rows
What is happening with TD Ameritrade?
TD Ameritrade is now part of Charles Schwab.
What Did Scottrade Reviews Say?
Scottrade was reviewed by several sites who unanimously gave the broker high marks for customer service . Its reputation for customer service was mostly based on 500 branch locations and the rapport that was built with clients since its founding in 1980.
What Happened to Scottrade Accounts?
Following the completion of the acquisition, Scottrade Bank accounts were closed as of Feb. 17, 2018. Bank account balance s were automatically deposited in the customers’ Scottrade brokerage accounts or sent as checks to close out the accounts. Brokerage account balances were transferred to the customers’ new TD Ameritrade brokerage accounts.
What Did the TD Ameritrade-Scottrade Deal Mean for Customers?
Scottrade brokerage accounts automatically transferred to TD Ameritrade as part of the transition process.
What is Scottrade brokerage?
Scottrade was an online brokerage firm that served more than 3 million accounts in the U.S. and had $170 billion in assets under management. 1. Founded in 1980 by Rodger O. Riney, the firm had about 500 branch offices throughout the U.S. that provided in-person support and small-group educational seminars. When Scottrade launched its website in ...
Why was Scottrade sold to TD Ameritrade?
Scottrade was sold to TD Ameritrade for several reasons including concerns over rising regulatory pressure in the brokerage industry as well health issues of founder and CEO Rodger Riney.
How many Scottrade branches are there?
Hundreds of branches across the U.S. Before the acquisition, Scottrade had about 500 branch locations throughout the U.S. By 2019, those branches had either been converted to TD Ameritrade locations or closed. Customers still had access to Ameritrade’s 360+ branch locations after the transition.
Why did the brokerage industry decide to sell?
The decision to sell came at a time when the brokerage industry was facing several new difficulties. The issues included demands for innovative technology and new federal rules requiring firms to act in their clients' best interests when advising on retirement accounts.
Who bought Scottrade Bank?
Then, immediately following that acquisition, TD Ameritrade will acquire Scottrade Financial Services, Inc., for $4 billion, or $2.7 billion net of the proceeds from the sale of Scottrade Bank.
What is the transaction between TD Ameritrade and Scottrade?
The transaction, which has been approved by the boards of directors of TD Ameritrade, TD Bank Group (TD) and Scottrade , will take place in two, concurrent steps. First, TD will purchase Scottrade Bank from Scottrade Financial Services, Inc. for $1.3 billion in cash consideration. 2 Under the terms of the proposed acquisition, Scottrade Bank will merge with and into TD Bank, N.A., an indirect wholly-owned subsidiary of The Toronto-Dominion Bank. Additionally, TD will purchase $400 million in new common equity (11 million shares) from TD Ameritrade in connection with the proposed transaction, pursuant to its preemptive rights.
What is Scottrade Financial Services?
Scottrade Financial Services, Inc. is a privately-held financial services firm with four key lines of business: Scottrade, Inc., a leading brokerage company; Scottrade ® Advisor Services, a division of Scottrade, Inc., which serves registered investment advisors; Scottrade Bank, a provider of online retail banking products and services, commercial lending and commercial equipment financing; and Scottrade Investment Management, providing investment guidance services. Scottrade, Inc. works with more than three million retail clients to provide the trading services and investment solutions they need to overcome barriers to financial success. Scottrade pairs its large nationwide branch network with advanced online products and services to help clients gain insight into the market and react quickly to trading opportunities. Scottrade Financial Services, Inc. is based in St. Louis, Mo. For more information, visit about.scottrade.com or www.scottrade.com .
How many clients does Scottrade have?
Furthermore, with more than 3 million client accounts and $170 billion in assets under management, Scottrade represents a unique opportunity to acquire scale and an audience of retail investors that will benefit from TD Ameritrade’s broader service offering, which includes:
What is TD Ameritrade transaction?
For TD Ameritrade, the transaction adds significant scale to its retail business, extends its leadership in trading, and more than quadruples the size of its branch network.
What is forward-looking statement?
Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate, ” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions.
Who is the CEO of Scottrade?
Scottrade Founder and CEO Rodger Riney to receive seat on TD Ameritrade Board of Directors
How to buy stocks on Scottrade?
Once your account has been established and you are comfortable making your own trades, buying and selling stocks with Scottrade is easy. Simply log on to your account, and click the "Trade" tab. Enter the ticker symbol of the stock you wish to buy or sell, along with the quantity. If you do not know the ticker symbol there is a handy lookup tool right on the page. You also can specify whether the order is a market order to be filled at the prevailing price or a limit order that will be triggered only if a specific price threshold is reached. The system automatically calculates the cost of the purchase or the proceeds of the sale and gives you a chance to confirm or cancel the transaction. After the transaction has been completed, you will receive an email, a mailed confirmation or both depending on how you set up your notification preferences.
How to get started with Scottrade?
If you are just getting started with Scottrade and there is a branch office in your area, try to meet with an investment adviser during the first couple of months. If you are a new investor, you will want to sit down and discuss your financial goals before making any trading decisions. The financial professional you meet with may be able to guide you toward suitable investments.
Why did the brokerage industry decide to sell?
The decision to sell came at a time when the brokerage industry was facing several new difficulties. The issues included demands for innovative technology and new federal rules requiring firms to act in their clients' best interests when advising on retirement accounts.
When did Scottrade start?
When Scottrade launched its website in 1996, it was one of the first brokerages to offer online trading. The firm offered a full lineup of investment products, trading services, bank accounts, and market research tools. Here’s a quick look at what happened to Scottrade and the effects of the deal on customers.
Why do investors say they are waiting for it to be safe?
Maybe stocks have been declining a few days in a row or perhaps they’ve been on a long-term decline. But when investors say they're waiting for it to be safe, they mean they’re waiting for prices to climb. So waiting for (the perception of) safety is just a way to end up paying higher prices, and indeed it is often merely a perception of safety that investors are paying for.
Why do stocks go up over time?
More time equals more opportunity for your investments to go up. The best companies tend to increase their profits over time, and investors reward these greater earnings with a higher stock price. That higher price translates into a return for investors who own the stock.
What is the average return on the stock market?
The stock market’s average return is a cool 10% annually — better than you can find in a bank account or bonds. So why do so many people fail to earn that 10%, despite investing in the stock market? Many don't stay invested long enough.
When did TD Ameritrade buy Scottrade?
In October 2016, TD Ameritrade announced it would acquire Scottrade Financial Services for $4 billion. This represented a tragic turn of fortunes. In 1975, financial regulators banned the practice of fixed brokerage commission.
How to contact TD Ameritrade?
For any other questions regarding your legacy Scottrade account, you can reach out to a TD Ameritrade customer service representative at 800-669-3900.
How long does it take to open an IG forex account?
Open a trading account with IG today and start trading in less than five minutes. Place your trade on desktop, mobile and tablet.
Is Scottrade a go to platform?
Scottrade was formerly a go-to platform for beginners, students and even retirees. The company boasts more than 500 branches and excellent customer service, but consolidation of brokerages caused the platform to close up shop and merge with TD Ameritrade. Need to access your old Scottrade account now?
Does TD Ameritrade have asset protection?
In the event that a data breach does occur, TD Ameritrade has an asset protection guarantee. If you lost cash or securities due to unauthorized activity, the company will reimburse you for the money or shares lost.
Is TD Ameritrade a mobile app?
For greater flexibility, you have the option of downloading the new brokerage’s mobile app – simply take your trading wherever you go.
Is TD Ameritrade hands free?
Unlike other online trading platforms, many of which are largely hands-free, TD Ameritrade can be as lean or as comprehensive of a solution as you want . For instance, the company provides an immersive curriculum built around your needs. This series of course provides everything you need to know, from basic retirement planning strategies to using technical analysis to better time your trades.
Target Audience for Scottrade
The target audience for Scottrade seems to be experienced semi-active stock traders and those who are branching out from buy-and-hold investing strategies in mutual funds and exchange-traded funds (ETFs) and into individual stock trading for the first time.
Products Available at Scottrade
The product lineup at Scottrade is quite similar to what you will see at most other discount brokers. You have access to all of the following products at Scottrade:
Ease of Use with Scottrade
Perhaps one of the greatest advantages of having a Scottrade account is the ability you have to walk into any one of Scottrade’s local branches, sit down with a live person and get your questions answered. If you are just getting started as a stock trader, the ability to sit down and talk with a person can be quite helpful.
Pros and Cons of Scottrade
To summarize what we’ve discussed above, the following are the pros of working with Scottrade:
Why did Scottrade sell?
In 2016, around the same time as the Scottrade sale, many other online brokerage firms shut their doors or were sold to other companies.
What Happened to Scottrade’s Physical Locations?
TD Ameritrade closed many of them, but it opted to keep some open and convert them into Ameritrade-branded branches. By 2019, all physical traces of Scottrade were gone, including its name on the famed Scottrade Center in St. Louis . Later that year, it was announced that Charles Schwab Corporation, a multinational financial services company, had plans to purchase a controlling stake in TD Ameritrade.
How Did the Sale Impact Customers?
By 2018, the two companies were fully merged, and all customers who had Scottrade accounts had their own accounts with TD Ameritrade. In order to make the change as easy as possible on customers, they were allowed to use the same account numbers, passwords and other information. They were also given access to old documents, like statements and tax information.
Why did Riney sell his company?
At the time, he’d just turned 70 and was dealing with some health problems, including a diagnosis of multiple myeloma, a type of blood cancer that has no cure. Since then, he has donated tens of millions of dollars to research for a cure for the disease, and he has served on the board of directors of the Multiple Myeloma Research Foundation.
Who founded Scottsdale Securities?
When founder Rodger O. Riney was a boy, his grandparents bought him 10 shares of stock and taught him about the stock market. Years later, after interning at Edward Jones, he created his own brokerage firm, initially naming it Scottsdale Securities after the city where it was formed.
Who is Scottrade brokerage?
If you were a stockholder between 1980 and 2017, you may have used Scottrade as your brokerage firm. The company, which was founded by Rodger O. Riney in Scottsdale, Arizona, had over 3 million American accounts and over $170 billion in assets when it closed its doors in 2017.
Is Scottrade online or in person?
Scottrade offered both in-person and online trading, though most of its transactions were made online during the 2000s and 2010s, despite having over 500 physical locations. The company generally received positive reviews and was often considered a top brokerage to work for, though it did suffer through a few controversies, ...
