![]() Offerings for the most part should stay the same, but there will be some account changes that should hopefully improve the experience and benefit both Schwab TD Ameritrade customers. Schwab has strongly denied these allegations. The suit alleges that the deal will lessen competition as well as gather a monopoly in payment for order flow. While the merger of these two firms was allowed to proceed by the Department of Justice after an antitrust investigation, there is a pending suit looking to undo the transaction filed by three Schwab customers. Our former Ameritrade clients will have access to the full spectrum of portfolio and wealth management solutions that we have had at Schwab.” We’ve invested in our web and mobile experiences at Schwab to ensure we have the best of the features and functionalities of both firms. “One of the exciting parts of our conversion is the combined capabilities for our clients. ![]() Rick Wurster, president of the Charles Schwab Corporation says all of this should lead to a better experience for both Schwab and TD Ameritrade clients. This includes being given new account numbers, logins and a totally new interface. ![]() All TD Ameritrade clients will have their accounts completely migrated to Schwab’s platform. TD Ameritrade customers will be much more impacted by the merger. Over time, enhanced client experiences will be available to Schwab clients, including TD Ameritrade’s popular thinkorswim® trading platform. Schwab investors can kick back and relax – there will be no direct changes to their accounts. While most of the work will happen behind the scenes, there will be some impacts to existing client accounts along with new service offerings. Existing Schwab customers will also see some platform changes over the coming months. It’s not just TD Ameritrade customers who will be affected. ![]() The process has already begun, with several tranches of TD Ameritrade accounts being migrated in the first half of 2023. As the transition nears completion, all customers at TD Ameritrade will have their accounts moved over to Schwab. This means big changes for customers of TD Ameritrade. At the end of 2020, Charles Schwab completed its acquisition of TD Ameritrade. ![]()
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