Scottrade Financial Services reached key growth milestones as Scottrade Investment Management, the registered investment advisor, surpassed $2 billion in assets under management and Scottrade Bank exceeded $3 billion in total loans.

Scottrade’s Investment Management unit provides solutions that include managed portfolios and advice. In the summer of 2015, Scottrade Investment Management surpassed $1 billion in assets under management, and in less than a year has surpassed $2 billion.

“We are excited to have met this milestone in such a short amount of time and are honored that our clients trust us to help manage their financial futures,” said Peter deSilva, president of Scottrade. “Our evolution into guidance is a direct and natural response to our clients’ needs. We’ve always walked alongside them on their financial journeys, this is just another step.”

Growth at the firm is not limited to investment services. Scottrade Bank has seen significant growth since it began offering banking services to Scottrade brokerage clients in 2011. In addition to retail deposit and online banking services to brokerage clients, the bank also offers lending solutions to clients nationwide. Today, the bank reports total loans and leases of more than $3 billion – an increase of over $1 billion since 2013.

An area of focus for the bank’s lending business has been Scottrade Bank Equipment Finance. It was recently ranked No. 72 in sales volume and No. 65 in new business volume on the 2016 Monitor 100 ranking.

“Scottrade Bank is bigger than you think and we’re bringing more value to our clients and their communities than you may have realized,” said Chris McComish, Scottrade Bank president. “We couldn’t be more pleased that clients see the value in placing their money at Scottrade, and we look forward to expanding our services so that they can manage their accounts in the ways that work best for them.”