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