Shearman & Sterling advised PJT Partners and Piper Sandler & Co. in their capacities as financial advisors to TD Ameritrade Holding Corporation in its acquisition by The Charles Schwab Corporation. The acquisition of TD Ameritrade delivers significant scale to Charles Schwab, which will help the company drive long-term growth and serve a broad range of clients at lower costs.

PJT Partners is a premier global advisory-focused investment bank. Its team of senior professionals delivers a wide array of strategic advisory, strategic capital markets, restructuring and special situations, shareholder advisory, and private fund advisory and fundraising services to corporations, financial sponsors, institutional investors and governments around the world.

Founded in 1895, Piper Sandler Companies is a leading investment bank and institutional securities firm, headquartered in Minneapolis with more than 50 offices across the U.S. and in London, Aberdeen and Hong Kong.