Ameritrade Subsidiary Snags Online Broker
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The number of competitors in the growing online brokerage arena got a little smaller Monday.
Terms of the deal were not disclosed.
R.J. Forbes will continue to operate under its own brand, however the unit's operations are expected to move to Ameritrade's Omaha, Neb., headquarters by the end of the year.
R.J. Forbes was ranked 16th in the latest online broker scorecard by Gomez Advisors, a Boston-area consulting firm that rates online brokerages, banks and travel firms. Neither Ameritrade nor Accutrade made the listing.