Ameritrade Closes on Bidwell & Company Acquisition.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Jan. 5, 2004 Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) has completed the acquisition of Bidwell Bidwell may refer to: People
The acquisition adds approximately 100,000 accounts and $5 billion in customer assets, which include approximately $540 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. for Ameritrade Advisor Services(1). The Company expects to transition Bidwell clients to the Ameritrade platform during the third fiscal quarter of 2004. H. Gerald Bidwell, previous owner and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bidwell & Company, is joining Ameritrade in an advisory role. About Ameritrade Holding Corporation Ameritrade Holding Corporation has a 28-year history of servicing self-directed investors. Ameritrade develops and provides innovative brokerage products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. With 3 million client accounts, Ameritrade, Inc., a subsidiary of Ameritrade Holding Corporation, is a leader in the online brokerage business, recently receiving Forbes "Best of Web" honors as well as an overall four-star rating, and a top rating for "Ease of Use" and "Research Amenities" on the Barron's 2003 Online Broker Survey. For more information, please visit www.amtd.com. (1) Ameritrade Advisor Services, division of Ameritrade, Inc. Member NASD/SIPC |
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