TD Ameritrade to acquire Scottrade Combination enhances scale, accelerates growth 1 October 24, 2016 Tim Hockey, President and CEO Steve Boyle, EVP and CFO Exhibit 99.2 TD Ameritrade Holding Corporation (Nasdaq: AMTD).  Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC, and TD Ameritrade Clearing, Inc., member FINRA/SIPC, subsidiaries of TD Ameritrade Holding Corp.  TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2016 TD Ameritrade IP Company, Inc.  All rights reserved.  Used with permission.

This document contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, including statements giving expectations or predictions of future financial or business performance or conditions. We intend these forward- looking statements to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. In particular, any projections or expectations regarding the proposed business combination transaction between TD Ameritrade Holding Corporation (“TD Ameritrade”) and Scottrade Financial Services, Inc. (“Scottrade”) described herein, our future revenues, expenses, earnings, capital expenditures, effective tax rates, client trading activity, accounts or stock price, as well as the assumptions on which such expectations are based, are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions that change over time and could cause actual results or performance to differ materially from those contained in the forward- looking statements and historical performance. In addition to the risks, uncertainties and assumptions previously disclosed in TD Ameritrade’s reports and documents filed with the Securities and Exchange Commission (“SEC”) and those identified elsewhere in this communication, these risks, uncertainties and assumptions include, but are not limited to: the ability to obtain regulatory approvals and meet other closing conditions to the proposed transaction, including the completion of the merger between Scottrade Bank and TD Bank, N.A., on the expected terms and schedule; delay in closing the transaction; difficulties and delays in integrating the TD Ameritrade and Scottrade businesses or fully realizing cost savings and other benefits; business disruption following the proposed transaction; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; TD Ameritrade’s and Scottrade’s businesses experiencing disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities; the inability to realize synergies or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of regulatory bodies and legislative and regulatory actions and reforms, general economic and political conditions and other securities industry risks, fluctuations in interest rates, stock market fluctuations and changes in client trading activity, credit risk with clients and counterparties, increased competition, systems failures, delays and capacity constraints, network security risks, liquidity risks, new laws and regulations affecting our businesses, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K, filed with the SEC on Nov. 20, 2015 and our subsequent Quarterly Reports on Form 10-Q filed thereafter and other reports and documents we file with the SEC. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time and speak only as of the date on which the statements were made. We undertake no obligation to update or revise publicly any forward- looking statements, whether as a result of new information, future events or otherwise, except to the extent required by the federal securities laws. Forward-looking Statements Important Information 2

3 Combined ~$950b (5) in client assets and ~600k DARTs (1) Leader in trading – 463k DARTs (1) Premier asset gatherer – $774b in client assets (5) Growth in fee-based investment balances – $170b in fee-based investment balances (7) Well positioned for rising interest rates – $119b in interest rate sensitive assets (8) Good stewards of shareholder capital – Target 60-80% net income return to shareholders (9) Unique relationship with TD Bank – Capital light model Leading retail brokerage franchise – One of the pioneers of investing services Award-winning client service Large client base of traders and investors – 2m+ clients with 3m+ funded accounts (2) Largest physical network among online brokers – ~500 branches (5) Consistently delivering strong organic growth – $170b in client assets (5) Strong trader franchise – 137k DARTs (1) Combination will enhance our scale, growth, cash flow and capital returns Combination Extends Our Leadership Position in the Retail Brokerage Industry

• Immediately enhances our scale and accelerates our growth • Extends our leadership position in trading (~600k in pro forma DARTs (1) ) • Significantly grows our client base by adding over 2m clients with 3m+ funded accounts (2) • Expected to generate double digit accretion post-conversion • 12% to 15% accretive in years 2 and 3 (GAAP basis) (3) • 15% to 20% accretive in years 2 and 3 adjusted basis (excluding intangible amortization) (4) • Expected to achieve double digit ROIC/IRR post-conversion • Ability to monetize $36b (5) in incremental client cash balances • Significantly expands our geographic footprint through an established branch network • Enhances our asset gathering capabilities • Enhances our presence in markets where Scottrade is strong • Operating leverage in existing model will enable us to generate significant synergies • Cost savings related to technology, operations/back office, and advertising • Approximately $450m anticipated in annual cost saves; realized in full by Year 2 (6) • Potential for meaningful additional opportunity, primarily through growing share of wallet (e.g., mobile, derivatives, fixed income, and investment advice) • $300m+ long-term opportunity • Robust pro forma cash flow profile; enhanced by meaningful tax benefits • Modest combined leverage at closing (at or below pre-acquisition levels after synergies) • Track record of successful acquisitions • History of integrating acquisitions, realizing synergies, and driving shareholder returns Compelling Combination of Leading Firms 4 Enhanced Scale Financially Attractive Expanded Footprint and Client Reach Significant Synergies Strong Cash Flow and Operating Leverage Proven Consolidator

5 Combination Benefits Both Scottrade and TD Ameritrade Clients Client Benefits Client Benefits A transaction which drives benefits for both client bases Comprehensive investor education tools Sophisticated trading platforms and advanced mobile trading technology Enhanced product capabilities (i.e., complex options, futures, foreign exchange, mutual funds/ ETFs, and portfolio margin) Access to more investment guidance and advice solutions (i.e., goal planning, “robo” advice, and Amerivest managed portfolios) Further strengthen client relationships via expanded branch footprint Enhanced offering resulting from award winning client-centric culture Leverage the benefit of enhanced scale to drive innovation

6 Step One: TD Bank, N.A. Acquires Scottrade Bank Step Two: TD Ameritrade Acquires SFSI (11) Transaction Structure TD Bank, N.A. acquires Scottrade Bank from Scottrade Financial Services, Inc.(SFSI), followed by TD Ameritrade acquiring SFSI Cash   xxpayment (10) Acquisition of 100% of Scottrade Bank $3.0b in cash (12) $1.0b in equityXX TD Bank, N.A. Scottrade Shareholders Scottrade Financial Services, Inc. Scottrade Brokerage Scottrade Bank TD Ameritrade Scottrade Shareholders Scottrade Financial Services, Inc. Scottrade Brokerage Acquisition of 100% Scottrade Financial Services, Inc. Including cash from bank sale

• TD Ameritrade will acquire Scottrade Financial Services, Inc. for $4b (12) • $2.7b (12) net price after accounting for TD Bank's ~$1.3b (10) acquisition of Scottrade Bank • In combination with the cash proceeds from the sale of Scottrade Bank, Scottrade shareholders will receive $3.0b (12) of cash and $1.0b of TD Ameritrade equity • $2.7b (12) net price being funded with $1.3b of cash and $1.4b of TD Ameritrade equity • $1.3b cash sourced from TD Ameritrade cash ($900m) and new debt offering ($400m) • $1.4b equity issued: Scottrade shareholders ($1.0b) and TD Bank ($400m) (13) • Rodger Riney to join the TD Ameritrade board at closing • Approximately 565m basic shares outstanding at close • Public Float ~42% / TD Bank ~41% / Ricketts ~11% / Scottrade Shareholders ~4.9% • Expected to close during FY17 (15) • Anticipate clearing conversion to TD Ameritrade systems in FY18 • Regulatory approvals: FINRA, HSR, and customary closing conditions • TD Bank regulatory approvals from OCC and OSFI 7 Transaction Summary Structure Financing Board of Directors Pro-Forma Ownership (14) Timing Regulatory Approvals (28)

8 Transaction Summary:  Purchase Price $4.0b Gross Purchase Price (12) $1.4b Equity (13) $1.3b Cash • $900m of cash from TD Ameritrade • $400m new debt offering • ~28m shares to Scottrade shareholders • ~11m shares to TD Bank; cash proceeds used for consideration to Scottrade shareholders Paying $4b in cash and equity $2.7b TD Ameritrade's        Net Purchase Price (12) (Less) Equals ~$1.3b Scottrade Bank        Sale Proceeds (10) Funded With Note: Retirement of ~$385m Scottrade debt will be primarily funded with cash acquired from Scottrade (ex. Bank cash) and cash from TD Ameritrade

• $4b (or $2.7b net of proceeds from bank sale) (12) • Net purchase multiple: 3.8x revenue (16) • Net purchase multiple: 3.0x revenue includes net present value of tax benefit (17) • -7% to -12% dilutive in year 1 (excluding restructuring charges) • 12% to 15% accretive in years 2 and 3 (GAAP basis) (3) • 15% to 20% accretive in years 2 and 3 adjusted basis (excluding intangible amortization) (4) • $713m in revenue (pro forma Scottrade revenue FY16) • Includes $154m in pro forma IDA (18) revenue (~$28b in cash generating 55 bps blended yield) (19) • Total addressable cost base of ~$750m (FY16) (6) • Expect ~$450m in total expense synergies (~60% of addressable costs) (6) • ~$100m synergies pre-conversion • ~$350m additional run-rate synergies post-conversion • Expect $60m to $70m of incremental client amortization expense (GAAP basis) (20) • Primarily driven by client intangible • Estimate 338(h)(10) tax benefit of ~$50m per year for 15 years • Estimated net present value of the 338(h)(10) election is $545m • ~$550m in restructuring related charges • Primary drivers are severance, vendor termination fees, transaction fees, debt retirement • $50m to $100m additional opportunity in years 2 and 3 ($300m+ longer term) (22) • Grow share of wallet by offering expanded products/platforms to Scottrade clients 9 Financial Summary Purchase Price Accretion/Dilution Revenue Expense Synergies Amortization Expense Tax Benefit (21) Restructuring Charges Additional Opportunity

10 Client Assets (5) Funded Accounts (2) DARTs (1) Revenue / Trade (24) Client Cash (5) Margin Balances (5) Derivatives (25) 7.0m 3.1m $774b $170b 463k 137k $11.76 $10.10 44% 11% $113.3b $35.7b $11.8b $2.5b Branches (5) ~100 ~500 10.1m $944b 600k $11.38 36% $149.0b $14.3b ~450 Enhancing Our Scale and Accelerating Our Growth Meaningful lift across key operating metrics will drive scale, efficiencies and growth (23)

11 Combination Will Significantly Grow Branch Presence Anticipate that our physical footprint will expand to ~450 branches; accelerates TD Ameritrade’s asset gathering strategy Combined Footprint Scottrade TD Ameritrade

12 Track Record of Successful Acquisitions $944 DARTs 600k Proven experience acquiring and integrating to create client and shareholder value Successful Acquisition Track Record $26 $34 $55 $69 $83 $262 $303 $278 $302 $355 $379 $472 $556 $653 $667 $774 0 100 200 300 400 500 600 700 800 900 1,000 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

1. Financially-attractive with compelling shareholder benefits, including double- digit EPS accretion post-conversion. 2. Provides clients with a broader, more robust offering, including more education, more advanced tools, more products and more long-term investing solutions. Accelerates our growth, adding significant scale to our retail business, extending our leadership in trading, and more than quadrupling the size of our branch network. 13 Summary Opportunistic acquisition extends TD Ameritrade’s leadership position 10 Million Client Accounts  ~$1 Trillion in Assets  ~600K Trades Per Day 3.

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15 Footnotes 1. Total revenue-generating client trades divided by the number of trading days in the period as of FY16 (October 2015 to September 2016) 2. Funded accounts as of September 30, 2016 3. Accretion/(dilution) includes moving Scottrade sweep deposits into the IDA, client attrition, expense synergies, additional opportunities, incremental client intangible amortization expense, and incremental corporate debt expense 4. Accretion/(dilution) on an adjusted basis excludes current deal client intangible amortization expense 5. Data as of September 30, 2016 6. $450m in annual cost saves is based on addressable operating expense base of $750m (excluding depreciation & amortization and corporate debt interest expense) for 12 month period ending September 30, 2016 7. Market fee-based investment balances plus money market mutual funds as of September 30, 2016 8. Interest rate sensitive assets consist of spread-based assets and money market mutual funds as of September 30, 2016 9. FY16 target of 60-80%, actual return was 80% 10. Purchase price for Scottrade Bank is based on Scottrade Bank tangible book value at closing; Scottrade Bank tangible book value was ~$1.3b as of September 30, 2016 11. Excludes debt retirement and transaction fees and expenses 12. Purchase price for Scottrade Financial Services, Inc. is subject to closing adjustments 13. Equity issuance is calculated based on closing share price of $36.12 as of October 7, 2016 14. Pro forma ownership breakdown assumes current ownership plus new shares issued under the Scottrade transaction 15. Subject to regulatory approvals and satisfaction of other closing conditions 16. Net purchase multiple is calculated based on $2.7b net purchase price over pro forma Scottrade revenue for FY16 17. Net purchase multiple is calculated based on $2.2b net purchase price (includes net present value of 338(h)(10) tax benefit of $545m) over pro forma Scottrade revenue for FY16 18. Client cash is held in FDIC-insured deposit accounts (IDA) 19. $28b excludes $5b in deposits at the broker/dealer 20. Incremental client intangible amortization expense is an estimate and subject to final assessment 21. Tax benefit is on a cash basis (non-GAAP); net present value of 338(h)(10) is estimated based on final purchase price and the projected book value at close 22. ~$50m and ~$100m in additional opportunity are assumptions for year 1 and year 2 after clearing conversion 23. May be some overlap due to common clients 24. Revenue per trade includes commissions and order routing revenue 25. % of derivatives trades (options, futures, and foreign exchange) over total revenue trades 26. Client assets represent ending assets in reported period 27. Total revenue-generating client trades divided by the number of trading days in the entire fiscal year 28. Additional regulatory approvals may be required (e.g., Federal Reserve)

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