The Key Points: 

In today’s episode, we’re diving into the impending transition from TD Ameritrade to Charles Schwab and what it means for our clients. As the big announcement of the acquisition/merger can feel overwhelming, we are here to provide clarity, answer your questions, and provide guidance on what to anticipate.

Tune in as we discuss various aspects of this transition, including the automatic transfer of assets over Labor Day weekend, the creation of new Schwab Alliance login credentials, and the availability of resources to help you navigate these changes. We’ll cover some important dates to keep in mind for your planning purposes, such as when access to TD Ameritrade accounts will cease and when access to Schwab accounts will become available again. We’ll also chat about setting up new login credentials and using the Schwab Alliance platform to access your account information and documents.

If you have any questions or concerns about this process, we are here and ready to help!

Here’s some of what you’ll learn in this episode:

  • Despite the change in custodian from TD Ameritrade to Charles Schwab, clients will still maintain their relationship with their financial advisors, and the management of portfolios will continue as before.
  • The transfer of assets from TD Ameritrade to Charles Schwab will occur automatically over the Labor Day weekend. Clients do not need to take any action for this transfer to happen.
  • Clients will have access to their new Schwab accounts starting from September 5th. During this period, there may be a brief disruption in account access and some statements could show zero balances, but this is part of the transition process.
  • Clients will access their accounts through Schwab Alliance and are encouraged to set up their new login credentials for this platform. We are happily available to address questions and concerns throughout this transition!

If you have any questions, please reach out to us at https://www.baschrock-fg.com/ or give us a call at 330-473-1060


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