Wealth Management is Coming to Ally

We are excited to share the news that Ally is expanding its digital product offerings and adding wealth management services to the portfolio. We have agreed to acquire TradeKing Group, Inc., a digital wealth management company. Through TradeKing, Ally will be offering on-line brokerage and digital portfolio management.

Since its launch 11 years ago, TradeKing has raised the bar considerably in the online brokerage segment and built a great firm. And, similar to Ally, TradeKing has a strong customer-centered philosophy, which was top of mind in ensuring our relentless focus on delivering the highest level of service, value and innovation to our Ally customers. When we added up all the things that were important to us, we determined TradeKing was an excellent fit.

The transaction is expected to close in the third quarter. Following that, we plan to offer both Ally’s banking services and TradeKing’s wealth management services in an integrated fashion, allowing us to deepen our relationship with you as an ally to your financial well-being.

We’ll keep you posted on those developments. In the meanwhile, further details can be found in our press release.

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    • 2

      We’re excited too, Garrick! We are all working hard to close this transaction and we expect it will be done in the third quarter. We look forward to offering an integrated customer experience for TradeKing clients and Ally customers following the closing. Stay tuned for more information as we work through the process and thanks for your enthusiasm!

    • 4

      Hi Bill, there is no immediate impact to your TradeKing or Ally Bank accounts. Once the acquisition closes, we’ll be working to create a single integrated customer experience. Keep a look out for more information on key dates and what to look for in the coming weeks and months.

  1. 5

    I have my wealth management with another company (what used to be INGs Sharebuilder before CapitalOne took over), should I get a TradeKing account asap or wait for the merger to transfer my holdings? I am Sooo Happy you have decided to offer a wealth management program!! I was very much hoping you would. Can’t wait to have the combo of your outstanding customer service and rates paired with my trade holdings,(hope that it happens at the Beginning of the third quarter!!). 😀

    • 6

      Bree, thanks for your comment! Customers are, of course, welcome to engage with Ally or TradeKing products and services at any time. Either way, we are focused on making this a smooth process for existing TradeKing clients once the acquisition is completed.

  2. 7
    Tony Ocampo

    This is very good news ! I used to bank with ING, then was acquired by sharebuilder, then acquired by capital one. I left them and bank with Ally, and now this! one stop shopping as they say! good news.

    • 8

      We appreciate your feedback Tony! We believe there are strong synergies with our deposit customers and a significant power in combining an industry-leading direct bank with an innovative and growing digital wealth management platform.

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