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E*TRADE Announces Close of Trust Company of America (TCA) Transaction

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Combination diversifies business and secures access to high growth
Advisor service delivery model

E*TRADE Financial Corporation (NASDAQ:ETFC) today announced that it has
completed the acquisition of independent advisor custodian TCA.

"It is with great pleasure that we welcome TCA into the E*TRADE family.
With this acquisition, we have created a more powerful and well-rounded
offering," said Karl Roessner, Chief Executive Officer of E*TRADE
Financial. "TCA makes our investing advice continuum more complete,
enabling us to serve a broader base of clients, from self-directed
investors seeking best-in-class digital platforms and guidance, to
investors who seek higher-touch relationships and advice. The TCA team
shares many of the foundational characteristics we at E*TRADE hold dear,
such as a commitment to innovation, and phenomenal service, and we are
thrilled to embark on the next chapter of our story with them on board."

Since 1972, TCA has been a champion of Registered Investment Advisors,
dedicated to helping them realize their full potential. TCA offers fully
integrated real-time technology, consultative services, and back office
support for RIAs. As of March 31, 2018, TCA had $18.3 billion in
institutional assets under custody, $1.6 billion in customer cash, and
over 200 active RIAs on its platform.

About E*TRADE Financial and Important Notices

E*TRADE Financial and its subsidiaries provide financial services
including brokerage and banking products and services to retail
customers. Securities products and services are offered by E*TRADE
Securities LLC (Member FINRA/SIPC). Commodity futures and options on
futures products and services are offered by E*TRADE Futures LLC (Member
NFA). Managed Account Solutions are offered through E*TRADE Capital
Management, LLC, a Registered Investment Adviser. Bank products and
services are offered by E*TRADE Bank, and RIA custody solutions are
offered by E*TRADE Savings Bank, both of which are national federal
savings banks (Members FDIC). More information is available at www.etrade.com.

E*TRADE Financial, E*TRADE, and the E*TRADE logo are trademarks or
registered trademarks of E*TRADE Financial Corporation. ETFC-G

© 2018 E*TRADE Financial Corporation. All rights reserved.

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