Description: TD Ameritrade’s US$4 billion deal to acquire Scottrade Financial Services Inc. will not only give the company greater scale, but also highlights the ongoing push of discount brokerages into the wealth management sphere amid growing competition in the financial services market.

Source: FinancialPost.com

Date: Oct 25, 2016

Link: http://business.financialpost.com/investing/td-ameritrade-scottrade-deal-marks-an-industry-in-the-midst-of-major-change?__lsa=64cb-7420

Questions for discussion:

• What does the article say about the direction this industry is heading?
• Do you think the deal is good for shareholders?