We're excited you're joining Schwab.
We're committed to making your move from TD Ameritrade seamless and easy. This hub is your resource from now all the way through and after your transition to Schwab. Here you'll find answers to your questions, a transition timeline, details about your move, how-to guides, more about Schwab.
Moving made easy
Moving made easy
*Upbeat music plays throughout.
Narrator: We're excited to officially begin welcoming TD Ameritrade clients to Schwab.
We're actively working to make your transition to Schwab as simple and seamless as possible. To help deliver on that promise, this video will outline the most important things to know about your move.
The good news is, there is very little that you need to do, and we'll keep you informed every step of the way.
And once the integration is complete, you'll have access to great service, low pricing, and an even wider range of solutions and capabilities to help you reach your financial goals.
With that in mind, let's talk about the timeline for your transition, things you need to know, ways to prepare, and how we believe you could benefit from being a Schwab client.
To start, here's a timeline showing major milestones and information about the transition.
We will begin transitioning TD Ameritrade accounts to Schwab in groups starting in 2023.
To help avoid investing or trading disruptions, your transition will happen over a weekend.
We'll let you know your transition date about three months before it's your turn to move. We'll keep you updated in both your email inbox and in the Schwab Transition Center when you're logged in to your TD Ameritrade account.
Two months prior to your transition, you'll receive specific details like your account agreements and information about your Schwab cash feature.
About one month before your transition weekend, you'll be prompted to create your Schwab Login ID and password. You'll need this to access your account after it moves to Schwab. If you already have a Schwab account, you can use your existing login info.
Beginning Friday at 8:30 p.m. ET of your transition weekend, your account will be temporarily unavailable while we begin the process to automatically and securely move your accounts, assets, and cash. You'll still be able to place trades and move money up until Friday at 8:30 p.m. ET, and your account will be available again the next day the market is open at 5 a.m. ET on Schwab platforms.
Rest assured—you'll maintain your ability to trade during regular U.S. stock market hours throughout the entire transition.
So, how do you prepare? The good news is that we're taking care of almost everything for you. For most clients, the only thing you'll NEED to do is create a new Schwab Login ID and password to access your account once it has moved to Schwab. If you have a joint account, both people will need their own Login ID and password.
Setting those up prior to your first day at Schwab will help ensure you're ready to go on day one.
Though you won't NEED to do much as your account moves over to Schwab, here are three important things to know.
First, be aware that while we're moving over all your account information, assets, open orders, cost basis, move money instructions, and history, there are a few things that won't make the move. You may need to make some updates after your transition is complete, but not to worry, we'll lead you through the process when you're logged in to Schwab.com or the Schwab Mobile app.
Second, you will access your account by using your newly created Schwab login info. As a Schwab client, you'll access your accounts only on Schwab platforms. You'll no longer be able to log in to tdameritrade.com or the TD Ameritrade app after your account has moved to Schwab.
Finally, you only need one Schwab login to access all your accounts. When you log in at Schwab, you'll see all your accounts together on the Accounts Summary page. That's because Schwab automatically links accounts for each client, making it easy to manage your entire portfolio all in one place.
Some other ways to prepare are to check out our learning resources and how-to tutorials on the Client Information Hub at welcome.schwab.com. You can also download the Schwab Mobile app, so you have it ready to use when your account move is complete.
Keep an eye out for additional communications between now and your transition weekend to stay updated on the integration.
Now that you're aware of the transition details, important things to know, and ways to prepare, let's talk about some of the benefits that come with the integration of Schwab and TD Ameritrade.
By combining our two firms, we'll be able to offer more to our clients through combined scale, complementary strengths, and a shared passion for investors and traders.
You'll enjoy the trading capabilities, education, and technology you know and value, plus you'll have more ways to manage and invest your money—all from a firm that stands behind its word.
You can also expect low pricing. Schwab has a long history of using our scale to disrupt the industry with the goal of bringing pricing down for investors. That commitment will continue. In fact, we've already eliminated or reduced several fees, and you'll have the chance to benefit from more pricing advantages after your account transitions.
Next, there's Schwab's industry-leading technology. thinkorsiwm® is coming later in 2023. You’ll also have access to Schwab's range of easy, intuitive, and highly rated digital client experiences on Schwab.com and Schwab Mobile App.
And finally, you'll continue to receive exceptional service. We're committed to maintaining industry-leading response times from Schwab's experienced representatives, which will include the TD Ameritrade service teams and Financial Consultants who will be moving to Schwab with you. Plus, access to more than 400 physical branches across the United States, London, Singapore, and Hong Kong.
We're extremely proud of what we're building for you at Schwab. But we know any time things change, it helps to have some help. This is why we're working hard to make sure the transition remains as simple and as easy as possible. And we stand ready to help at each step of the process. Please visit the Client Information Hub at welcome.schwab.com for more information and resources about your move. We're so excited to welcome you to Schwab.
What to know about your move.
Please know that in most cases there will be very little to do, as we’ll take care of the transition for you. We'll let you know your transition date about three months before your move, and it will happen over a weekend.
Once you've been notified of your transition date, you'll be able to view your specific dates and deadlines when you log in to your TD Ameritrade account and visit the Schwab Transition Center.
Watch your email inbox and log in to tdameritrade.com or the TD Ameritrade Mobile app regularly for important updates.
Top things to keep in mind.
We're bringing over what you need.
Rest assured, along with your account information, assets, and most open orders and move money profiles and instructions, and we're also moving your cost basis and margin and options permissions. Plus, we're moving your historical statements, confirmations, tax forms, and transaction history.
View all your accounts with a single login at Schwab.
Once you create your own unique Schwab login info and your account has moved to Schwab, you can access all your accounts together on your new Accounts Summary page. We'll create a new Schwab account for every TD Ameritrade account you have. This will make it easy to manage your entire portfolio in one place.
The service and support you rely on is moving with you.
You can expect that your service teams and Financial Consultant will be there for you before and after the transition.
Full market access.
Your move will happen over a weekend to help avoid any investing or trading disruptions and most of your open orders will move. Plus, great news—thinkorswim® will be available at Schwab later in 2023. If you currently trade with the thinkorswim suite of platforms, your account won’t move until thinkorswim is available at Schwab.
Get answers to your top questions about the move to Schwab.
Attend the webcast
Timeline for your move to Schwab.
3 months before your transition weekendWe'll let you know when your account is moving and anything you'll need to do. You’ll get your specific transition dates and deadlines when you log in to your TD Ameritrade account and visit the Schwab Transition Center.
2 months before your transition weekendWe'll send you Schwab account-specific information and details such as your Account Agreements and information about your Schwab cash feature.
About 1 month before your transition weekendWe'll prompt you to set up your new Schwab Login ID and password. And if you're planning to grant trading authority on your account, you'll need to do so now. Open for details.
1-2 weeks before your transition weekendThis is your last opportunity to make changes to your account before the move. Also, be on the lookout for new Schwab debit cards and checks, if you use them. Open for details.
Your last day to trade at TD AmeritradeBeginning at 8:30 p.m. ET on the Friday of your transition weekend, you will no longer be able to access your account as we begin the transition. Trades can be placed online on any TD Ameritrade platform up until that point.
Your first day at SchwabYou can access your account on all Schwab platforms beginning at 5:00 a.m. ET on Monday or Tuesday depending on whether your account transitions over a 2-day or 3-day weekend.
About 1 month before your transition weekend
More about granting trading authority on your account.
If you previously provided digital access to a person with an authorized role in your account, including Limited Trading Authority, Full Trading Authority, or Power of Attorney, they'll continue to have digital access to your account once it has moved to Schwab.
If you've set the person up with an Account Inquiry role or they do not have an authorized role, they won't have access to your account after it moves to Schwab.
To give someone access to your account once your account has moved to Schwab, log in to Schwab.com and visit the Account Settings tab. From there, you'll be able to start the process to add a person to your account.
1-2 weeks before your transition weekend
About 2 weeks before: This will be your last opportunity to make the following changes to your account:
- Personal info, such as address, phone, email, and employment
- Margin, options, futures, and forex applications
- Beneficiary updates
- Dividend reinvestment changes
- Trade settings, such as tax lot method and real-time quotes
- Document delivery preferences
About 1 week before: Be on the lookout for new Schwab debit cards and checks, if you use them.
We're making the move easy for you.
While we'll be taking care of the move for you, there are just a few optional things you may want to do.
Before your account moves
Most of your features and settings will move to Schwab. Here are a few things you may want to do or save that won't move.
You can save information that won't move to Schwab:
- Order history from the Order Status page.
- Research screeners.
- Balance history chart data.
- Alerts and notifications.
- Watchlists saved to your device from the Mobile app.
- Details on certain order types more common among active traders.
And take these optional steps if needed:
- Refer to TD Ameritrade statements for retirement contributions and distributions made in 2023 before your transition.
- Complete any Education courses.
After your account moves
When you log in to Schwab for the first time, visit the Welcome Center and review what transferred over, confirm your profile, and update your account features.
Then you can:
- Reestablish direct debit/payments such as mortgage or utility payments.
- Update direct deposits such as paychecks from your employer or Social Security payments.
- Set up a formal role to allow another person access to your account.
We're committed to making sure everyone’s transition to Schwab is as simple and smooth as possible. So rather than move every single account all at once, we plan on transitioning accounts in groups on different dates.
We'll let you know your assigned transition date about three months in advance, either by email or mail depending on your communication preferences. At that time, you'll also see your transition date when you're logged in at tdameritrade.com. You won't be able to change your transition group or ask to move your account at a different date.
Additionally, throughout your transition period, you'll receive communications with resources to help you prepare for your move to Schwab and information on any actions you need to take.
After your account transitions, you'll be able to take advantage of all the benefits that come with the integration of Schwab and TD Ameritrade.
To access your account after it transitions, visit Schwab.com and log in using your Schwab Login ID and password. You can use the same log in info across all platforms, including Schwab.com, Schwab Mobile app, and thinkorswim® (when it becomes available later in 2023). Each person associated with the account must have their own Schwab Login ID and password.
Your account will transition to Schwab over a weekend. On the day the market opens after your transition weekend, starting at about 5 a.m. ET, you—and anyone with an authorized role—will be able to log in on Schwab platforms and access your account.
Once your account transitions to Schwab, you'll no longer be able to access it at tdameritrade.com or on the TD Ameritrade Mobile app
From day one Schwab has helped lead the way in offering greater value for investors by driving down costs. There have already been price improvements at TD Ameritrade after being acquired by Charles Schwab. And that will continue, as most TD Ameritrade clients will experience pricing that is the same or better when they move to Schwab. See for yourself.
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