E*TRADE Completes Acquisition of Trust Company of America

E*TRADE Financial Corporation has completed the acquisition of independent advisor custodian Trust Company of America (TCA).

“It is with great pleasure that we welcome TCA into the E*TRADE family. With this acquisition, we have created a more powerful and well-rounded offering,” said Karl Roessner, Chief Executive Officer of E*TRADE Financial. “TCA makes our investing advice continuum more complete, enabling us to serve a broader base of clients, from self-directed investors seeking best-in-class digital platforms and guidance, to investors who seek higher-touch relationships and advice. The TCA team shares many of the foundational characteristics we at E*TRADE hold dear, such as a commitment to innovation, and phenomenal service, and we are thrilled to embark on the next chapter of our story with them on board.”

TCA has since 1972 offered fully integrated real-time technology, consultative services, and back office support for RIAs. As of March 31, 2018, TCA had $18.3 billion in institutional assets under custody, $1.6 billion in customer cash, and over 200 active RIAs on its platform.

ABOUT E*TRADE FINANCIAL

E*TRADE Financial and its subsidiaries provide financial services including brokerage and banking products and services to retail customers. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC (Member NFA). Managed Account Solutions are offered through E*TRADE Capital Management, LLC, a Registered Investment Adviser. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are national federal savings banks (Members FDIC). More information is available at www.etrade.com.

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