TD Waterhouse Canada has acquired Ameritrade’s Canadian brokerage operations. Upon integration of Ameritrade Canada this summer, client accounts will be transitioned into TD Waterhouse Discount Brokerage, a division of TD Waterhouse Canada Inc.

Earlier this month, shareholders approved the proposals necessary to complete the acquisition of TD Waterhouse USA by Ameritrade Holding Corporation to create TD Ameritrade. In connection with the transaction, TD Waterhouse Canada has acquired Ameritrade’s Canadian brokerage operations. The deal officially closed yesterday.

“TD Waterhouse is pleased to welcome Ameritrade Canada, which has served active, online investors well over the years. Ameritrade Canada’s clients and employees are joining an organization dedicated to offering all Canadian investors – from the active online trader, to the fully advised client – a superior level of customer service through a growing network of investor centres, a comprehensive suite of wealth management products and services, and a truly integrated banking and investment services experience,” says Bill Hatanaka, group head, wealth management, TD Bank.

“This is an exciting time for TD Waterhouse Discount Brokerage,” adds John See, executive vp TD Wealth Management, and [resident, TD Waterhouse Discount Brokerage. “Integration with Ameritrade Canada will strengthen our lead as the number one discount brokerage firm in Canada. Just as important, it allows us to serve our new clients on the state-of-the-art active-trader platform we are rolling out in order to grow this segment of our business.”

The integration of TD Waterhouse Discount Brokerage and Ameritrade Canada is expected to be completed by June 2006.