Tuesday, January 12, 2021

TD Ameritrade closes Rockville branch

TD Ameritrade
has closed at 11560 Old Georgetown Road at Pike & Rose. The closure may seem surprising, as the stock market has been booming for years, and many amateur investors with cash joined the market when stocks briefly plunged at the beginning of the pandemic in 2020. However, Charles Schwab is in the process of closing nearly 80% of TD Ameritrade branches nationwide. 

Charles Schwab found too much overlap with Schwab offices in most TD Ameritrade markets after acquiring the latter firm, it announced late last fall. Rockville and North Bethesda apparently fell into that category.

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