TD Waterhouse Canada announces purchase of Ameritrade Canada
Dear xxxi,
On June 22, 2005 TD Waterhouse Canada announced its intention to purchase the Canadian operations of Ameritrade. In Canada, the merged entity will operate under the name TD Waterhouse. TD Waterhouse is a leader in the Canadian discount broker industry and also offers clients a comprehensive range of additional wealth management services.
The proposed acquisition is part of a larger transaction announced today in which Ameritrade will acquire the U.S. brokerage business of TD Waterhouse U.S.A. and is conditional on that transaction closing, as well as customary closing conditions. Both this acquisition and the larger transaction require regulatory approvals. The closing is expected to occur in about six months.
Our commitment to Ameritrade Canada clients
We are committed to ensuring that there will be no changes for now and that means:
You will continue to access your account through the same web address and same phone numbers and the same e-mail address
Commissions, fees and account numbers stay the same
All current products and services will continue to be available
The same service that you have come to expect
With the added resources of TD Waterhouse, we are confident that we can continue to meet your present and future needs. As we integrate our operations you will get:
Access to a network of Investor Centres
Access to a more comprehensive range of wealth management services
Access to integrated banking and investment services
We want to assure you that for now it will be business as usual and there are no changes to your account or the products and services you currently have access to. As we finalize the transaction we are committed to minimize any impact on Ameritrade Canada clients. Our goal will be to provide an enhanced level of products and services after the merger is approved. You will be kept informed of all developments through updates on the Canadian web sites of TD Waterhouse and Ameritrade. We will notify you personally, in writing and well in advance, about any merger-related changes to your accounts. You will continue to have uninterrupted access to your accounts.
We look forward to having all Ameritrade Canada clients as part of the TD Waterhouse family and are confident we will provide a new level of service and wealth management services that are unparalleled in Canada.
Sincerely,
John See
President
TD Waterhouse
Discount Brokerage and Financial Planning
Peter H Williams
Chairman and CEO
Ameritrade Canada, Inc.
AI
