BROOKFIELD, Wis. — Fiserv Inc. has completed the sale of its Fiserv Investment Support Services business to TD AMERITRADE Holding Corp. of Omaha, Neb.
TD AMERITRADE adds approximately $25 billion in client assets, including $15 billion held in more than 75,000 accounts managed by approximately 500 independent registered investment advisors and $10 billion held in more than 2,000 plans administered by 80 independent third-party administrators, the companies said.
The sale price was approximately $225 million cash plus acquired regulatory capital and a potential earn-out up to $100 million based on 12-month revenue targets, the companies said.
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