A strong strategic fit with TD Waterhouse Discount Brokerage
TORONTO, June 11 /CNW/ - TD Waterhouse Canada Inc. announced today it has
acquired thinkorswim Canada, Inc. This follows the earlier announcement that
TD AMERITRADE Holding Corporation, in which The Toronto-Dominion Bank has an
investment, acquired thinkorswim Group Inc.
"This is an exciting event for both thinkorswim Canada and TD Waterhouse
Discount Brokerage clients", said Bill Hatanaka, Group Head, Global Wealth
Management. "The combination of our respective industry leading capabilities
positions us to deliver a unique and powerful value proposition, as we
continue to build an integrated business model to serve clients seamlessly
across the wealth management spectrum."
TD Waterhouse Discount Brokerage, a division of TD Waterhouse Canada
Inc., is the industry leader, offering self-directed investors among the most
comprehensive suite of products and services designed to meet the diverse
needs of both long-term investors and active traders. thinkorswim Canada is
recognized for its innovative trading technology and unique capabilities in
"We believe this is a strong strategic fit which will ultimately benefit
all clients through added trading functionality, product offering and access
to valuable resources to help self-directed investors take greater control of
their investments," added John See, President, TD Waterhouse Discount
For the time being, thinkorswim Canada and TD Waterhouse Discount
Brokerage will continue to operate independently. As a result, this
acquisition will have no immediate impact on thinkorswim Canada clients, who
will continue to access their accounts and services in the same manner as
The terms of the transaction were not disclosed.
About TD Wealth Management
TD Wealth Management provides a wide range of investment products and
services to a large and diverse retail and institutional global client base,
with operations in Canada, the U.S. and the U.K. Domestically, TD Wealth
Management comprises a number of advisory, distribution and asset management
businesses within TD Waterhouse and TD Mutual Funds.
For further information:
For further information: Barbara Timmins, (416) 307-6498