You can download it from their site if you really want their analysis. It will cost you a c-note though.
"The Revere report begins by identifying Morgan Stanley products that are either complementary or overlapping to TD Ameritrade Holding Corp. products. Morgan Stanley suppliers are then displayed alongside TD Ameritrade Holding Corp. suppliers, with overlapping suppliers to both firms highlighted. Dependent suppliers to both companies are also displayed, including the percentage of dependent revenue if known. Top Morgan Stanley customers and top TD Ameritrade Holding Corp. customers, including overlapping customers, are also shown. The Revere report then includes key business relationship data in the area of strategic partnerships for each company. Additional content and features include Lines of Business Summaries, Product Summaries, Individual Morgan Stanley Product Line and TD Ameritrade Holding Corp. Product Line Details, Morgan Stanley Earnings and TD Ameritrade Holding Corp. Earnings Summaries, and pro forma financial statements. Revere Data Merger & Acquisition Scenario Reports are an essential source of competitive insight into an array of potential merger, acquisition, takeover, consolidation, rollup or other combination scenarios, with particular focus in the healthcare, biotechnology, information technology, finance and media sectors. Revere's extensive databases on key business relationships, product lines, focused sectors, and financial performance indicators provide a rich and integrated information source for investment banking, corporate finance, C-level executives, management consultants, marketing, and business intelligence professionals who want actionable answers and ideas in seconds."
Are you suggesting just carving out the retail brokerage business of TD or the entire company? While I agree with the strengths that TD possesses - MS has made it clear that they do not want brick and mortar banks. And while the profits may be steady - it does not bring substantial access to the ultra high net worth customers MS covets.