Ameritrade Business News

EastCB · Post by **EastCB** » Sat May 19, 2018 1:35 am

Alaska

Post by **BRoss** » Sat May 19, 2018 6:53 pm

Erik wrote: Sat May 19, 2018 12:18 am Gee. I wonder were TDAmeritrade eventually moves to

That building is not nearly as big or as nice as here in Omaha. They were really in need of new space down there and that's why this was built.

iamjacobm · Post by **iamjacobm** » Tue Oct 30, 2018 2:36 pm

https://www.omaha.com/money/plus/td-ame ... de70c.html

The company continually beefs up its technological systems to be able to handle that trade volume, Hockey told The World-Herald, so trading activity per se won’t affect staffing levels in Omaha, but as the business grows more generally, “then you do add staff,” he said, assuming that growth is profitable.

Staff has been added to the Omaha headquarters since the $2.7 billion purchase last year of St. Louis-based Scottrade. Before the acquisition, about 2,000 people worked at the Omaha home office; a recent headcount is at around 2,500.

Could more acquisitions be in the offing? Some Wall Street analysts have speculated that TD Ameritrade could buy competitor E-trade. To those rumors, Hockey said that “We will continue to look at things that make strategic and financial sense” but that the Omaha company was quite happy to continue competing against the New York-based rival.

ita · Post by **ita** » Tue Oct 30, 2018 3:31 pm

iamjacobm wrote: Tue Oct 30, 2018 2:36 pm https://www.omaha.com/money/plus/td-ame ... de70c.html

The company continually beefs up its technological systems to be able to handle that trade volume, Hockey told The World-Herald, so trading activity per se won’t affect staffing levels in Omaha, but as the business grows more generally, “then you do add staff,” he said, assuming that growth is profitable.

Staff has been added to the Omaha headquarters since the $2.7 billion purchase last year of St. Louis-based Scottrade. Before the acquisition, about 2,000 people worked at the Omaha home office; a recent headcount is at around 2,500.

Could more acquisitions be in the offing? Some Wall Street analysts have speculated that TD Ameritrade could buy competitor E-trade. To those rumors, Hockey said that “We will continue to look at things that make strategic and financial sense” but that the Omaha company was quite happy to continue competing against the New York-based rival.

Wow, a 25% increase in workforce at the HQ? That's awesome! That's a great development for retail/food in that area.

bigredmed1 · Post by **bigredmed1** » Tue Oct 30, 2018 5:50 pm

ita wrote: Tue Oct 30, 2018 3:31 pm
iamjacobm wrote: Tue Oct 30, 2018 2:36 pm https://www.omaha.com/money/plus/td-ame ... de70c.html

The company continually beefs up its technological systems to be able to handle that trade volume, Hockey told The World-Herald, so trading activity per se won’t affect staffing levels in Omaha, but as the business grows more generally, “then you do add staff,” he said, assuming that growth is profitable.

Staff has been added to the Omaha headquarters since the $2.7 billion purchase last year of St. Louis-based Scottrade. Before the acquisition, about 2,000 people worked at the Omaha home office; a recent headcount is at around 2,500.

Could more acquisitions be in the offing? Some Wall Street analysts have speculated that TD Ameritrade could buy competitor E-trade. To those rumors, Hockey said that “We will continue to look at things that make strategic and financial sense” but that the Omaha company was quite happy to continue competing against the New York-based rival.

Wow, a 25% increase in workforce at the HQ? That's awesome! That's a great development for retail/food in that area.

Apparently 114th and Dodge is SRO at lunch. Pretty much every place is packed. Between TDA and the other businesses on the south side and the insurance companies and other offices north of Dodge, its pretty crazy as rush hour hits.

ita · Post by **ita** » Thu Jan 24, 2019 9:36 pm

I was glad to read that the Omaha HQ has grown a bit since the Scottstrade acquisition, but as is the name of the game 1,000 jobs were cut in St. Louis, due to duplication.

https://morningsky.com/omaha/posts/td-a ... e-but-home

CapitalGuy · Post by **CapitalGuy** » Wed Oct 02, 2019 2:10 pm

TD Ameritrade to Eliminate Commissions

Interesting times in the online brokerage industry. The move to eliminate commissions by Schwab and others has forced the hand of TD Ameritrade to eliminate commissions. Problem is commissions make up a larger share of revenue for TD than Schwab. Analysts are speculating that we are going to see consolidation in the industry. The most likely deal: TD acquiring ETrade.

ScrattyB · Post by **ScrattyB** » Wed Oct 02, 2019 4:07 pm

TD Amer-Etrade®

damonhynes · Post by **damonhynes** » Thu Oct 03, 2019 1:29 am

CapitalGuy wrote: Wed Oct 02, 2019 2:10 pm TD Ameritrade to Eliminate Commissions

Interesting times in the online brokerage industry. The move to eliminate commissions by Schwab and others has forced the hand of TD Ameritrade to eliminate commissions. Problem is commissions make up a larger share of revenue for TD than Schwab. Analysts are speculating that we are going to see consolidation in the industry. The most likely deal: TD acquiring ETrade.

An AMTD employee told me that Toronto-Dominion spent so much to buy Scottrade, that there's nothing left to go after E*T. YMMV, but it sounds plausible.

Post by **Brad** » Thu Nov 21, 2019 1:38 pm

CNBC is reporting that Charles Schwab is in talks to buy TD Ameritrade for $30 billion. The deal could be announced as soon as today.

guy4omaha · Post by **guy4omaha** » Thu Nov 21, 2019 1:54 pm

Brad wrote: Thu Nov 21, 2019 1:38 pm CNBC is reporting that Charles Schwab is in talks to buy TD Ameritrade for $30 billion. The deal could be announced as soon as today.

OWH reports that Fox Business is reporting that the purchase deal will be announced later this morning. It goes on to say the new combined firm will be run by the Schwab CEO and that TD's CEO will run the target firm until the deal is completed.

damonhynes · Post by **damonhynes** » Thu Nov 21, 2019 2:00 pm

Good-bye Old Mill. Sure the cost-of-living is less in OMA than in Menlo Park, but none of their associate target demographic will want to move to Omaha.

Garrett · Post by **Garrett** » Thu Nov 21, 2019 2:55 pm

Well |expletive|. Omaha just really can’t win these days can we?

ita · Post by **ita** » Thu Nov 21, 2019 2:59 pm

guy4omaha wrote: Thu Nov 21, 2019 1:54 pm
Brad wrote: Thu Nov 21, 2019 1:38 pm CNBC is reporting that Charles Schwab is in talks to buy TD Ameritrade for $30 billion. The deal could be announced as soon as today.
OWH reports that Fox Business is reporting that the purchase deal will be announced later this morning. It goes on to say the new combined firm will be run by the Schwab CEO and that TD's CEO will run the target firm until the deal is completed.

Wow, this is a huge acquisition. And just when TD Ameritrade is on the cusp of becoming Omaha's next Fortune 500.

Even if they are in talks, it's never a done deal until the FTC says its over. My company (no. 1 in a the industry) recently tried to acquire the 4th largest company in our industry and the FTC moved to block the acquisition. In any case, whatever happens, I hope we do not lose too many jobs in Omaha.

Post by **nebugeater** » Thu Nov 21, 2019 3:03 pm

ita wrote: Thu Nov 21, 2019 2:59 pm
guy4omaha wrote: Thu Nov 21, 2019 1:54 pm
Brad wrote: Thu Nov 21, 2019 1:38 pm CNBC is reporting that Charles Schwab is in talks to buy TD Ameritrade for $30 billion. The deal could be announced as soon as today.
OWH reports that Fox Business is reporting that the purchase deal will be announced later this morning. It goes on to say the new combined firm will be run by the Schwab CEO and that TD's CEO will run the target firm until the deal is completed.
Wow, this is a huge acquisition. And just when TD Ameritrade is on the cusp of becoming Omaha's next Fortune 500.

Even if they are in talks, it's never a done deal until the FTC says its over. My company (no. 1 in a the industry) recently tried to acquire the 4th largest company in our industry and the FTC moved to block the acquisition. In any case, whatever happens, I hope we do not lose too many jobs in Omaha.

The way these things make the most financial since is the loss of jobs. The majority will be in Omaha

Cermak · Post by **Cermak** » Thu Nov 21, 2019 4:16 pm

How many TD Ameritrade employees in Omaha does anyone know ? Even if they pull out of Omaha because those associate target demographics don’t want to move here, we will still be left with a pretty cool looking building. More than we can say about ConAgra’s suburban looking low rise campus that’s currently being slated for partial demolition.

damonhynes · Post by **damonhynes** » Thu Nov 21, 2019 4:28 pm

I'm taking a stab and guessing 1000ish reps in Omaha.

The skyscraper and the flat building alongside are a combination of a corporate headquarters, a call center, and a data entry facility. Name another company that wants/needs thirteen stories of this conglomeration under one roof? It's a cool-looking building--I've never said otherwise--but it's not a traditional, easy-to-lease office building.

Old Mill was built intended to be TDA's final home. No more leasing additional office space, everything under one roof. That lasted maybe five minutes--the TD transplant C-suiters never left NY/NJ (Moglia retired, the Ricketts did their thing), there were three call centers across the street that never were turned back to the lessors, Fort Worth had a larger talent pool.

I'm not kidding--that whole campus is a white elephant. They'd have to gut thirteen stories and re-plat as an office setting.

lmdramos · Post by **lmdramos** » Thu Nov 21, 2019 4:38 pm

I highly doubt that Charles Schwab would have massive cuts in Omaha...Con Agra kept a significant amount of employees in Omaha after they left. If anything, I think they would get rid of all the smaller surrounding building and consolidate all remaining employees after the cutbacks in the main "skyscraper."

Cermak · Post by **Cermak** » Thu Nov 21, 2019 4:45 pm

That’s what made the ConAgra move so frustrating to me. Even when they were headquartered in Omaha they couldn’t build a decent HQ building. If they could of just built a sharp looking mid or Highrise DT we would still have that building today and it would most likely enhance Omaha’s skyline. Like UP did and Kiewit is currently doing. And we would not be getting ready to knock down the headquarters they built in 1988. Which everyone agree’s looks out of place. The TD Ameritrade building is attractive enough that I’m sure it will be leased or sold in a reasonable time frame. Even if it does have some challenges to it. It’s way better than ConAgra’s former HQ building.

ScrattyB · Post by **ScrattyB** » Thu Nov 21, 2019 4:51 pm

Cermak wrote: Thu Nov 21, 2019 4:16 pmwe will still be left with a pretty cool looking building

Do we keep the stock ticker windows or convert them to a more uniform layout?

lonnie · Post by **lonnie** » Thu Nov 21, 2019 5:03 pm

ScrattyB wrote: Thu Nov 21, 2019 4:51 pm
Cermak wrote: Thu Nov 21, 2019 4:16 pmwe will still be left with a pretty cool looking building
Do we keep the stock ticker windows or convert them to a more uniform layout?

At least it isn't a Longaberger Basket
https://www.curbed.com/2018/1/8/1686231 ... ongaberger

damonhynes · Post by **damonhynes** » Thu Nov 21, 2019 5:15 pm

lonnie wrote: Thu Nov 21, 2019 5:03 pm
ScrattyB wrote: Thu Nov 21, 2019 4:51 pm
Cermak wrote: Thu Nov 21, 2019 4:16 pmwe will still be left with a pretty cool looking building
Do we keep the stock ticker windows or convert them to a more uniform layout?
At least it isn't a Longaberger Basket
https://www.curbed.com/2018/1/8/1686231 ... ongaberger

:-)

damonhynes · Post by **damonhynes** » Thu Nov 21, 2019 7:55 pm

Cermak wrote: Thu Nov 21, 2019 4:45 pm That’s what made the ConAgra move so frustrating to me. Even when they were headquartered in Omaha they couldn’t build a decent HQ building. If they could of just built a sharp looking mid or Highrise DT we would still have that building today and it would most likely enhance Omaha’s skyline. Like UP did and Kiewit is currently doing. And we would not be getting ready to knock down the headquarters they built in 1988. Which everyone agree’s looks out of place. The TD Ameritrade building is attractive enough that I’m sure it will be leased or sold in a reasonable time frame. Even if it does have some challenges to it. It’s way better than ConAgra’s former HQ building.

The ConAgra CEO at the time had an outsized ego and no one on the board had the guts to tell him no. So he got his signature HQ.

Fast forward, another CEO with an outsized ego wanted to build his own monument--in his home town.

Lather, rinse, repeat.

Bob from Omaha · Post by **Bob from Omaha** » Thu Nov 21, 2019 8:15 pm

Re: Schwab hq in San Fransisco. Take a look at this & read til the end.

https://riabiz.com/a/2019/6/24/charles- ... s-sky-high

lonnie · Post by **lonnie** » Thu Nov 21, 2019 11:10 pm

It would make sense for Schwab to move it's HQ to either Texas or Omaha ... whoever offers the best tax package.

For a company who now operates on razor thin margins (or none) paying software engineers on par with Google and Facebook is not sustainable.

Bob from Omaha · Post by **Bob from Omaha** » Fri Nov 22, 2019 1:27 am

Here is what I found out that the lone business reporter could have with about 10 minutes worth of research.

Schwab has a huge presence in Dallas, Denver and Phoenix, as well as a few other places. In Dallas it employs thousands and can accommodate over 7,000 there. In Denver it has a campus with three 5 story buildings and another one for customers, with plenty of room for more buildings.

Omaha would have a tough time competing.

Post by **Brad** » Fri Nov 22, 2019 4:48 am

Bob from Omaha wrote: Fri Nov 22, 2019 1:27 am In Denver it has a campus with three 5 story buildings and another one for customers, with plenty of room for more buildings.

Omaha would have a tough time competing.

Denver's campus is brand new, correct?

Cermak · Post by **Cermak** » Fri Nov 22, 2019 5:24 am

TD Ameritrade employs about 2300 in Omaha. When TD acquired St Louis based Scottrade a few years ago St Louis lost about 1100 jobs from a high of 1800. Yikes..
But it’s to early to speculate, might not be all gloom and doom.

Yes Denver’s Schwab campus is basically new.

jessep28 · Post by **jessep28** » Mon Nov 25, 2019 12:10 am

I have a family member who works there, and he mentioned that the scary thing is that, at least for the department he works for, there has been zero internal communication about the merger.

Bob from Omaha · Post by **Bob from Omaha** » Mon Nov 25, 2019 12:53 am

I just checked both web sites. No mention of a merger.

damonhynes · Post by **damonhynes** » Mon Nov 25, 2019 2:57 am

jessep28 wrote: Mon Nov 25, 2019 12:10 am I have a family member who works there, and he mentioned that the scary thing is that, at least for the department he works for, there has been zero internal communication about the merger.

According to a friend who still toils at Old Mill, there was no news on Thurs AM. Then, according to the Friday Buffett-Herald onine, associates were told not to comment to the media.

This communication--and the lack of it--falls within parameters. Media Relations says no, no, no until they're told to say yes. And they don't apolgize for saying no. Sorta like how a TV meteorologist ignores a blown forecast.

OmahaFan · Post by **OmahaFan** » Mon Nov 25, 2019 12:43 pm

Well it’s been confirmed that Charles Schwab will be making a move on TD. Sadly though that means the building in West Omaha is probably going to be abandoned. They are moving to West Lakes TX once they get approval to merge. Anyone have a idea who we could get in to fill that building?

OmahaFan · Post by **OmahaFan** » Mon Nov 25, 2019 12:46 pm

It’s been confirmed the Merger is going to happen. Still has to go through the regulators. Omaha would loose another corporate HQ apparently they are moving it to Westlake Texas.

Cermak · Post by **Cermak** » Mon Nov 25, 2019 12:54 pm

Pretty big blow to Omaha, doubt many jobs stay in Omaha. Seldom has Omaha faired well in these mergers and Acquisitions. Texas the big winner again. At least they can’t move the building. Be interesting to see what happens to the Eco-friendly former headquarters building as it is such a dominant feature of the West Dodge/680 hood.

MadMartin8 · Post by **MadMartin8** » Mon Nov 25, 2019 1:07 pm

Omaha can't keep losing these large employers and only replacing them with small start ups.

I suppose they'll keep some token low paying jobs here since that seems to be all we can keep here.

lonnie · Post by **lonnie** » Mon Nov 25, 2019 1:52 pm

If LinkedIn's new building was not so far along in Sterling Ridge, the TDA building could have been be a good option for them.

Maybe it still is ?

damonhynes · Post by **damonhynes** » Mon Nov 25, 2019 2:41 pm

UP has a building. Buffett's insurance company is building at Boys Town. Centurylink's gone. Conagra's gone. SAC has/is building. I really don't know what replaces TD.

damonhynes · Post by **damonhynes** » Mon Nov 25, 2019 2:46 pm

Cermak wrote: Mon Nov 25, 2019 12:54 pm Pretty big blow to Omaha, doubt many jobs stay in Omaha. Seldom has Omaha faired well in these mergers and Acquisitions. Texas the big winner again. At least they can’t move the building. Be interesting to see what happens to the Eco-friendly former headquarters building as it is such a dominant feature of the West Dodge/680 hood.

They'll put in a Five Below or Rush Market, lolol.

Seriously, they can turn it into a honest office building, but it'll cost someone a lot of money. Employee parking will be a major pain in turning it into multi-tenant.

jomaha9 · Post by **jomaha9** » Mon Nov 25, 2019 2:52 pm

Most likely, it will become some sort of mixed use building with offices for lots of small companies. I bet this affects the plans for the Regency Lodge site as there is no longer a reason to build a tall office building in the Old Mill/Regency area.

Louie · Post by **Louie** » Mon Nov 25, 2019 3:11 pm

damonhynes wrote: Mon Nov 25, 2019 2:46 pm
Cermak wrote: Mon Nov 25, 2019 12:54 pm Pretty big blow to Omaha, doubt many jobs stay in Omaha. Seldom has Omaha faired well in these mergers and Acquisitions. Texas the big winner again. At least they can’t move the building. Be interesting to see what happens to the Eco-friendly former headquarters building as it is such a dominant feature of the West Dodge/680 hood.
They'll put in a Five Below or Rush Market, lolol.

Seriously, they can turn it into a honest office building, but it'll cost someone a lot of money. Employee parking will be a major pain in turning it into multi-tenant.

Is the parking there bad now?