Frequently asked questions.

Get help with common questions about your transition.

About your move to Schwab

We earn your trust every day by keeping your assets and information safe. Doing so will continue to be a priority at both firms through security procedures that are designed, tested, and implemented to ensure the safety of your account, personal information, and financial assets.  

To learn more about how Schwab is protecting your account and information, as well as how you can help prevent fraud, visit the Client Information Hub.

No, TD Ameritrade has been acquired by Schwab and all accounts have moved to Schwab. When you open a new account at Schwab, you'll get access to thinkorswim® trading platforms and robust trading education, along with great service, a commitment to low costs, and a wide range of wealth management and investing solutions.

Learn more about opening a new account at Schwab .  **

When you log in to Schwab for the first time, visit the Welcome Center on Schwab.com and the Schwab Mobile app, to review what transferred over, confirm your profile, and update your account features.

  • Reestablish direct debit/payments: If you have direct debit instructions for payments out of your TD Ameritrade account set up at another financial institution, you'll need to reestablish those instructions with that financial institution after your account has moved to Schwab using the routing number and Demand Deposit Account (DDA) number for your Schwab account. The routing number and DDA number are different from your Schwab account number and can be found on your new Schwab checks.
    Please note: Schwab will continue to process direct debits/payments until July 10, 2024, using legacy TD Ameritrade details. After this date, any direct debits/payments not updated with your new Schwab details will be rejected. 
     
  • Update direct deposits: If you have direct deposits set up with a third party to your TD Ameritrade account (like paychecks from your employer or Social Security payments), you'll need to update instructions directly with the third party with your new Schwab account number and routing numbers. You'll receive both when your account transitions to Schwab. 
    Please note: Schwab will continue to process direct debits/payments until July 10, 2024, using legacy TD Ameritrade details. After this date, any direct debits/payments not updated with your new Schwab details will be rejected. 
     
  • Link to third-party accounts:  If you've given someone an authorized role on your account at TD Ameritrade, that authorization may or may not transition to Schwab. Here's how roles will transition and steps you may need to take after your account moves: 
    • Limited Trading Authority roles (which allow trading access) and Power of Attorney roles established at TD Ameritrade will move to Schwab. There is nothing you need to do, as these roles will move automatically. 
    • Full Trading Authority roles (which allow trading and move money access) will transition as Limited Trading Authority. To allow someone to move money in and out of your Schwab account, you'll need to reestablish Full Trading Authority after your account moves to Schwab by visiting schwab.com/accountaccess.
    • Account Inquiry roles (which allow for inquiries into your account by phone but no ability to take action) will not transition to Schwab. If you want someone to be able to see your account information but not be able to trade or move money in or out of your account at Schwab, you can grant "View Only" access after your account moves to Schwab by visiting schwab.com/accountaccess.

At Schwab, people with View Only, Limited Trading Authority, Full Trading Authority, or Power of Attorney roles will have phone and digital access to your account, so they'll need to set up their own Schwab Login ID and password.

You should update these instructions as soon as possible after your move to Schwab, but any existing instructions will continue to process for at least 30 days after your transition.

 

Account access

Yes. If you're new to Schwab, you'll need to set up a Schwab Login ID and password to access your account. If you were already a Schwab client before your TD Ameritrade account(s) moved, you can use your existing Schwab Login; there is no need to create new credentials. 

At TD Ameritrade, each account has a user ID and password, which can be used by any account owner to access the account. If you have multiple accounts at TD Ameritrade and want to access them all through one user ID and password, you must digitally link the accounts together.

At Schwab, every client has their own unique Login ID and password. When you log in to Schwab.com or the Schwab Mobile app, you will see all your accounts that you own or are authorized to access together on your Accounts Summary page. Similarly, you will be able to access all of your accounts on thinkorswim platforms through a single login at Schwab.  You only ever need to set up one set of credentials.

For detailed information about Schwab Login IDs, please visit the Client Information Hub.

As a Schwab client, you'll have continued access to the thinkorswim® platform suite and can also use Schwab.com and the Schwab Mobile app. Use them all—or pick and choose—the choice is yours. As a reminder, you'll no longer be able to log in to tdameritrade.com or the TD Ameritrade Mobile app once your account has transitioned.

Mobile apps

  • thinkorswim mobile: Enjoy an optimized trading experience on the go. You'll get Level 2 streaming quotes, customizable charting tools, and additional options trading features. Plus, just like on TD Ameritrade Mobile, you can quickly and easily view your balances, positions, and more by scrolling up and down.
  • Schwab Mobile: Manage all of your accounts on the go with a convenient summary view. Just swipe left to right, rather than up and down, to access account information, market insights, trading, move money functionality, and account documents—all at your fingertips. We're continuing to make enhancements based on what you love about TD Ameritrade Mobile—and will have even more great features on the way.

Web platforms

  • thinkorswim web: Have the power of thinkorswim in a more streamlined web platform that puts important tools front and center. Enjoy charting and analysis tools, streaming Level 2 quotes, more customization, and robust options trading tools. 
  • Schwab.com: Get a comprehensive portfolio performance view, investing income tools, fundamental research, thematic investing, move money functionality, trading, and more. Here's where you'll also find account statements, confirmations, and tax documents.

Desktop platform 

  • thinkorswim desktop: Trade on a fully customizable software-based platform filled with elite tools that help you test strategies, develop ideas, and place complex trades.

Learn more about your platform choices at Schwab.

There's no need to link accounts at Schwab. All accounts that you have access to, including those that you have an authorized role on (e.g., Limited or Full Trading Authority and Power of Attorney), will be viewable on your Accounts Summary page when you log in to Schwab.com after the transition of your account is complete.

If you are currently linked to an account at TD Ameritrade but you aren't the account owner and don't have an authorized role, you'll no longer be able to view that account at Schwab. The account owner will need to grant you formal authorization prior to the move (up until the last month before your account moves) or after your account moves at Schwab—either Limited Trading Authority (LTA), Full Trading Authority (FTA), View Only access, or Power of Attorney (POA).

If the digital access you granted was to a person with an authorized role on 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. Each person authorized to access the account must have their own Schwab Login ID and password.

If you are currently linked to an account at TD Ameritrade but aren't the account owner and don't have an authorized role, you'll no longer be able to view that account at Schwab. The account owner will need to grant you formal authorization after the account moves—either Limited Trading Authority (LTA), Full Trading Authority (FTA), View Only access, or Power of Attorney (POA).

To give someone access to your account once your account has moved to Schwab, go to schwab.com/accountaccess. From there, you'll be able to start the process of adding a person to your account. 

Please note: In order to use this process, all account owners must have an email address on file. If you do not have an email address on file at Schwab, you can add one at schwab.com/myprofile.

If you've given someone an authorized role on your account at TD Ameritrade, here are the ways each role will transition and the steps you may need to take after your account moves:  

  • Limited Trading Authority roles (which allow trading access) and Power of Attorney roles established at TD Ameritrade will move to Schwab. There is nothing you need to do, as these roles will move automatically. 
  • Full Trading Authority roles (which allow trading and move money access) will transition as Limited Trading Authority. To allow someone to move money in and out of your Schwab account, you'll need to reestablish Full Trading Authority after your account has moved to Schwab by visiting schwab.com/accountaccess
  • Account Inquiry roles (which allow for inquiries into your account by phone but no ability to take action) will not transition to Schwab. If you want someone to be able to see your account information but not be able to trade or move money in or out of your account at Schwab, you can grant "View Only" access after your account transitions by visiting schwab.com/accountaccess.

At Schwab, people with View Only, Limited Trading Authority, Full Trading Authority, or Power of Attorney roles will have phone and digital access to your account, so they'll need to set up their own Schwab Login ID and password.

Please note: In order to add or change an access authorization at schwab.com/accountaccess, all account owners must have an email address on file. If you do not have an email address on fiile at Schwab, you can add one at schwab.com/myprofile.

Yes, because your account numbers will be changing, any links you have to third-party aggregators won't work once your TD Ameritrade account transitions.

If you would like to continue using a third-party aggregator once your account is at Schwab, you'll need go to the third-party app or website and start the process to add your Schwab account. Select Charles Schwab & Co. as the financial institution and you will be prompted to log in using your Schwab Login ID and password. Next, follow the steps to link your Schwab account to the aggregator. If you have any questions or encounter any difficulties when linking your Schwab account, contact the customer service team for the third-party aggregator directly.

As an alternative, you may want to consider Schwab's free aggregation service. Once enrolled, you can you link your non-Schwab accounts—including investment and bank accounts, credit cards, loans, mortgages, and real estate from over 15,000 financial institutions—on Schwab.com and view them all on the Accounts Summary page. The information is automatically updated so you can easily monitor your overall portfolio in one place. 

Account information & settings

Yes. Once your account has transitioned to Schwab, you'll be able to access:

  • Up to ten years of historical tax documents, brokerage statements, and trade confirmations via the Statements tab on Schwab.com by navigating to Accounts > Statements & Tax Forms.
  • Up to four years of transaction history via the History tab on Schwab.com by navigating to Accounts > History. Your TD Ameritrade history will be shown under your Schwab account number, along with the recent transaction history for that account.
  • Realized gain/loss data via a link on the Realized Gains/Loss page on Schwab.com. The information will be available for at least two years after your move to Schwab.
  • Historical Balance information via historical TD Ameritrade statements on the Statements & Tax Forms tab. Your Personal Value Chart on the Accounts Summary page of Schwab.com and the Schwab Mobile app will only reflect your account balance history from the date your transition to Schwab is complete. It will start to populate about three days after your move.

In the month after your account has transitioned to Schwab, you'll receive two statements:

  • One from TD Ameritrade likely showing a $0 balance since your positions and cash have moved to Schwab
  • One from Schwab displaying the full account balance of your moved account

In the months that follow, if there is any activity in your closed TD Ameritrade account, you'll receive a statement reflecting that activity from TD Ameritrade. 

Statements will be delivered based on your preferred method of delivery. If you receive paperless statements, you can access them at Schwab.com as soon as they're available.

Up to 10 years of past TD Ameritrade statements will be available to view on Schwab.com once your account has transitioned.

Your full history of realized gain/loss information for your TD Ameritrade account will be available on Schwab.com by visiting Accounts > History and selecting the Realized Gain/Loss tab, and then clicking the GainsKeeper® link for the appropriate account. This information will be available for at least two years after your move to Schwab. Your realized gain/loss information is also available in historical TD Ameritrade account statements, which are accessible via Statements & Tax Forms, under the Accounts tab on Schwab.com.

Your paperless preferences will automatically transition from TD Ameritrade to Schwab, which means: 

  • Account documents currently set for e-delivery will continue to be emailed to you if:
  • You create your Schwab login before your account transitions;
  • You create your Schwab login within three months after your account transitions, or;
  • You already have an existing Schwab login.  

Account documents currently set for paper delivery will continue to be mailed to you.  

To review or update your paperless selections now, log in at tdameritrade.com and go to My Profile > Communication Preferences. Once your account transitions, you'll need to log in to Schwab.com  > select the Profile icon at the top right corner of your screen > Paperless

When your account moves to Schwab, you'll automatically be opted in to receive marketing communications and to allow Schwab to share your information with affiliates. After your account transitions, you can opt out of future marketing emails by clicking a link at the bottom of an email you receive. To opt out of affiliate sharing, you'll need to call a Schwab representative.

You'll be provided with Schwab's privacy policy before your account transitions, so you'll know how your information will be used and shared.

Most beneficiaries will transition to Schwab. However, a few account types will no longer be eligible for beneficiaries at Schwab; for those impacted account types, beneficiaries will not transfer.

The account types and registrations at Schwab that are ineligible for beneficiaries include:

  • Tenancy in common registrations
  • Corporate and non-incorporated organization accounts
  • Custodial accounts
  • Investment club accounts
  • Brokerage accounts with an international legal address

Additionally, beneficiary designations for Guardianship, Conservatorship, All Tenants by Entirety, and some 401(k) accounts will be noted as on file and processed upon the account holder(s) death but will not be viewable online.

After your account moves to Schwab, we encourage you to check your beneficiaries by logging in to Schwab.com and selecting the Profile icon > Beneficiaries.

If your TD Ameritrade trust account has more than one trustee, each trustee will be authorized to act independently at Schwab. That means one trustee can act without the consent of other trustees when it comes to account activity and move money requests.

Trusted Contacts that you've already designated for your TD Ameritrade account will transition over to Schwab. We encourage you to check your Trusted Contacts after your account transitions by logging in to Schwab.com and select the Profile icon > Account Access > Trusted Contact tab.

A Trusted Contact is someone other than the account owner who Schwab may contact if there are questions or concerns about your whereabouts or health status, if Schwab suspects that you may be the victim of fraud or financial exploitation or that you might not be able to handle your financial affairs, or to confirm identity of an authorized individual on your account.

Accounts & assets

Yes, if you stored your physical securities at TD Ameritrade, they'll be transferred to Schwab at the time your account moves to Schwab.

For equity cash dividends:

  • Record date is prior to your move to Schwab and payment is after your move to Schwab: the dividend will be paid as cash in your former TD Ameritrade account and swept overnight to your Schwab account via the daily cash residual process. The cash will NOT be reinvested per dividend instructions.
  • Record date is after your move to Schwab: the dividend will be paid to the transitioned Schwab account and will follow any reinvestment instructions you have set up.

For mutual fund dividends:

  • Depending on the time of month your account transitions to Schwab, accruals may be paid in cash to your TD Ameritrade account and will move to your Schwab account overnight, or accruals may be paid to your TD Ameritrade account based on your dividend reinvestment selection, with any securities moved to your Schwab account at the next weekly residual conversion.

Any payments or assets deposited into your TD Ameritrade account after it has transitioned will be transferred to your Schwab account. After your account moves to Schwab, cash payments will be transferred nightly, and assets will be transferred weekly. 

Residual activity from dividends, interest, and interest credit will be transferred to your Schwab account. Please note that this residual will not be distributed via your payment instruction (if you have one set up). Additionally, any other residual activity from dividends, interest, and interest credits will not be distributed via your Pay Income instructions, but any other regular activity after your transition will follow your existing instructions. 

If you own a security that is currently going through a corporate action, has a legal restriction, or is a recent purchase or transfer of an alternative investment, it may take additional time to show up in your Schwab account. Once the event or restriction is cleared, the security will automatically transfer to your Schwab account.   

You can view any residual account activity in your Transaction History by logging in to Schwab.com and navigating to Accounts > History > Transactions. Residual activity will be tagged with "TDA TRAN" to indicate any payments or assets moving into your Schwab account from your TD Ameritrade account after your account has moved to Schwab. You'll also receive a statement from TD Ameritrade for any period with residual activity.

Any withdrawals from your TD Ameritrade account after it has transitioned to Schwab will be moved from your new Schwab account to your TD Ameritrade account. For the first month after your account moves to Schwab, cash payments will be transferred on a nightly basis and assets will be transferred weekly. They'll then be transferred monthly after that first month.

You can view any residual account activity in your Transaction History by logging on to Schwab.com > History > Transactions. Residual activity will be tagged with "TDA TRAN" to indicate any payments or assets moving into your Schwab account from your TD Ameritrade account after your account has moved to Schwab. You'll also receive a statement from TD Ameritrade for any period with residual activity.

If your TD Ameritrade account is enrolled in systematic mutual fund investments, which automatically buy or sell a specified amount of a fund based on your instructions, you can continue to review, modify or cancel these in your TD Ameritrade account through the Friday of your transition weekend at 5:30pm ET. New instructions can be created up until this time as well. If you do not want your systematic mutual fund instructions to move to Schwab, you will need to cancel them prior to 5:30pm ET on the Friday of your transition weekend.

Over your transition weekend, Schwab will convert eligible existing systematic mutual fund instructions to the Schwab Automatic Investment Plan (AIP). This will happen automatically and there is nothing you need to do. Please note, due to differences between Schwab and TD Ameritrade, not all systematic mutual fund instructions will transition. We will inform you after the transition of any canceled instructions.  

After your transition is complete, you can visit schwab.com/AIP to confirm the instructions moved. This will also be your new location for viewing mutual fund positions eligible for enrollment, establishing new instructions, as well as modifying, or canceling instructions.

Whether you hold securities like stocks, bonds, mutual funds, exchange traded funds, or money market funds in a Schwab brokerage account, or cash deposits in a Schwab Bank account, we have your assets protected. Learn more about all the ways Schwab works to keep your money safe.

TD Ameritrade clients currently have access to up to two program banks, each offering up to $250,000 in FDIC insurance (up to a total of $500,000 in FDIC insurance coverage, per depositor, for each account ownership category). Once your account moves to Schwab, you will have access to up to three program banks each offering up to $250,000 in FDIC insurance (up to a total of $750,000 in FDIC insurance coverage, per depositor, for each account ownership category, inclusive of deposits you may already hold at those same banks in the same ownership capacity).

Yes. The majority of accounts will have a similar cash feature at Schwab as they did at TD Ameritrade, allowing you to potentially earn income on your uninvested cash. All accounts will be automatically enrolled in Schwab's Cash Features Program when the account moves. About two months prior to your scheduled transition date, you will receive information about the assignment of your specific Schwab cash feature.

Yes. For most accounts, the interest rate on your cash feature will be higher at Schwab. This applies to clients currently enrolled in the TD Ameritrade Insured Deposit Account (IDA) feature and TD Ameritrade Cash feature. If you are currently enrolled in the sweep money market fund feature at TD Ameritrade, the yield paid on the Schwab sweep money market fund will likely differ over time and may be higher or lower than the yield on the sweep money market funds at TD Ameritrade.

You can view current interest rates and yields for each cash feature after your move at schwab.com/sweep

Yes. At Schwab, you will have access to a number of cash options, including money market funds and CDs that offer competitive rates of return.

To learn more about these options, visit schwab.com/cash

Education & research

Both TD Ameritrade and Schwab understand the importance of investing and trading education. While not all of the educational resources are transitioning to Schwab, you'll still have access to much of the content from TD Ameritrade like curated learning paths and courses. Plus, you'll now have additional content from Schwab, including articles, videos, podcasts, newsletters, and events covering investing, trading, and personal finance topics for all types of investors.

Though your education experience will be similar to what you had at TD Ameritrade, your education course progress and history won't transition to Schwab. That means if you've already completed certain content modules or courses and education webcasts at TD Ameritrade or are in the process of taking a course, you'll no longer see that information after your account transitions.

Yes. thinkorswim® is now at Schwab, and so is the thinkorswim Learning Center. You'll have access to all its tutorials, guides, and references that help you use the technical analysis tools, customize and trade on the platform, and keep you up to date on the latest innovations.

Schwab offers in-depth research from industry-respected third parties, including Morningstar, CFRA, MarketEdge®, and Argus. Plus, proprietary Schwab research, including Sector Views, Select List® reports, and Schwab Equity Ratings®, which provides actionable buy, hold, or sell guidance on thousands of stocks each week. Once your transition is complete, select the Profile tab on Schwab.com > Alerts to sign up for the reports that are most relevant to you and have them sent directly to your inbox.

In addition, you'll have access to the experts at the Schwab Center for Financial Research who offer free-from-hype perspectives and timely insights on topics that matter to you. This includes the day's market happenings, the economy, financial and retirement planning, portfolio management, Sector Views, equity ratings, mutual fund and ETF selections, trader outlook, options, futures, and investment strategy.

Third-party research may have a nominal fee. Research from Schwab is always free. And all of it is part of the comprehensive research experience waiting for you once your account transition is complete. 

TD Ameritrade Network is now Schwab Network™. Get the same market news and trader insights you know and love, with a fresh new look. Live streaming every market day, Schwab Network, our media affiliate*, features financial news, interviews, and market analysis. Watch it on the official Schwab Network site, through the thinkorswim® suite of platforms, and a variety of other ways.

Market Minute newsletter subscribers will continue to get commentary and clips about what’s moving the market delivered to their inbox daily. They won't need to resubscribe.

Moving money

Most of your move money profiles and instructions will transition to Schwab without you having to do anything. We encourage you to log in after your account transition is complete to check that everything is set up as expected. 

If you had direct deposit (e.g., paychecks from your employer or Social Security payments) set up to your TD Ameritrade account, you'll need to update instructions directly with the third party, providing your new Schwab account and routing numbers. You'll receive both numbers when your account transitions to Schwab.

To learn more about what's moving, differences to be aware of, and how to move money at Schwab, refer to our Move Money Guide.

If you have direct payments (e.g., mortgage payments) set up to another financial institution, you'll need to reestablish these after your transition using your new Schwab routing number and Demand Deposit Account (DDA) number, or checking number, found on your new Schwab checks. If you do not have checks, you will receive this information after your account moves to Schwab. 

Find detailed instructions on how to reestablish direct payments in our Move Money Guide. 

Yes, if you have direct deposits set up to your TD Ameritrade account (like paychecks from your employer or Social Security payments), you'll need to update instructions directly with the third party, providing your new Schwab account and routing numbers. You'll receive both numbers when your account transitions to Schwab.

To avoid any delays in funds posting to your Schwab account, you're encouraged to identify direct deposits ahead of time and provide updates as soon as possible after your transition. Until instructions are updated, the funds will first be deposited to your old TD Ameritrade account, and then moved to your new Schwab account in one to two days. 

To learn more about the direct deposit experience at Schwab refer to our Move Money Guide.

If you have direct debit instructions for payments out of your TD Ameritrade account set up at another financial institution, you'll need to reestablish those instructions with that financial institution or vendor, after your account has moved to Schwab using the routing number and Demand Deposit Account (DDA) number for your Schwab account. The routing number and DDA number are different from your Schwab account number and can be found on your new Schwab checks. If you do not have checks, you will receive this information after your account moves to Schwab. 

You should update these instructions as soon as possible after your move to Schwab, but any existing instructions will continue to process for at least 30 days after your transition as long as there are sufficient funds in your Schwab account. 

To learn more about the direct payment experience at Schwab, refer to our Move Money Guide. 

The year-to-date contribution and distribution information on Schwab platforms will not include contributions or distributions that were made at TD Ameritrade prior to your transition. You will need to refer to your final TD Ameritrade statement (accessible on Schwab.com via the Statements tab) to obtain contribution and distribution data from the beginning of the year through your transition weekend. This can be added to the data shown on Schwab platforms to determine your total year-to-date contributions and distributions.

Clients with access to the RMD Center on Schwab.com will be able to see both pre- and post-transition distributions.
 

Systematic Required Minimum Distribution (SRMD) instructions you currently have set up to transfer from a Traditional, Rollover, SEP, or SIMPLE IRA to a nonretirement account at TD Ameritrade will carry over to Schwab. For other account types, there may be instances where we are unable to transfer your SRMD instructions to your Schwab account. 

To learn more about SRMD instructions, refer to our Move Money Guide. 

Instructions you have set up at TD Ameritrade to receive dividends, interest, and/or interest credit payments (Money Market Funds interest) via ACH or check will transition to Schwab. Please note that these instructions will not transition to Schwab for pledged accounts.

You'll be able to see these Pay Income instructions online by logging in to Schwab.com, navigating to Move Money > Online Transfers, and scrolling down to the Recent Transfer Status table.

Once your account transitions to Schwab, if you wish to edit or delete your Pay Income instructions, contact a Schwab representative.

Any activity from dividends, interest, and interest credits in your TD Ameritrade account after your transition to Schwab will be moved as cash to your Schwab account and will not be distributed via your Pay Income instructions. This includes any dividends, interest, and interest credits from prior to the move that were not distributed by the transition weekend.

To learn more about investment income payments at Schwab, refer to our Move Money Guide. 

 

Tax information

If your TD Ameritrade account transitioned to Schwab in 2023, you'll receive two 1099 forms for the 2023 tax-reporting year—one from TD Ameritrade and one from Schwab. You can find your available 1099 forms in the 1099 Dashboard on Schwab.com.

The information on your TD Ameritrade form will reflect account activity prior to the move to Schwab. The information on your Schwab form will reflect account activity after the move to Schwab. You'll need to report the amounts for both forms when you file your taxes.

If you're looking for more information and helpful resources for the current tax season, visit the Schwab Tax Center on Schwab.com.

If your TD Ameritrade account hasn’t moved to Schwab yet, you'll only receive your 2023 tax documents from TD Ameritrade. These will be available in the TD Ameritrade Tax Center on tdameritrade.com.

After your account transitions, if you need to see or get your historical tax documents, you can access them by logging in to Schwab.com and going to Accounts > Statements & Tax Forms > Doc Type: Tax Forms.

If your account transitioned to Schwab in 2023, TD Ameritrade and Schwab tax forms can be found on Schwab.com by going to Accounts > Statements & Tax forms. Here you can see your available 1099 forms in the Statements and Documents section by selecting Tax Forms.

If your TD Ameritrade account hasn't moved to Schwab yet, you'll only receive your 2023 tax documents from TD Ameritrade. These will be available in the TD Ameritrade Tax Center on tdameritrade.com.

The first Schwab Form 1099s will be available online February 2nd, with all 1099s posted online by February 16th. 

The first TD Ameritrade Form 1099s will be available online by January 19th, with all 1099s available by February 29th. 

Mailing of Form 1099 typically takes place shortly after they are available online.  Please allow several days for postal delivery.

Beginning with tax year 2023, Schwab and TD Ameritrade will produce forms for an account only when at least one of the following conditions are met:

  • The account reaches $10 in dividend income.
  • The account reaches $10 in interest, royalties, or original issue discount (OID) income.
  • A Form 1099-B reportable transaction occurs in the account (e.g., a sell or a buy to cover)

If your account did not include any of these activities, you won't receive a 1099 for 2023. 

If your account transitioned to Schwab in 2023, you'll need to import your tax data for account activity at TD Ameritrade and your tax data for account activity at Schwab separately.

For Schwab tax forms, starting February 16, 2023, you'll be able to import your data into your tax preparation software by using your Schwab Login ID and password.

You'll also be able to:

  • Import tax information directly into TurboTax®, H&R Block®, and TaxAct® tax software.
  • Download your Form 1099 Composite data in CSV and XML formats and export your gain/loss details into an Excel® spreadsheet. Data that can be downloaded includes cost basis, dividends, interest, and proceeds from sale of securities.
  • Export and save your tax information as a PDF.
  • Important: Third-party tax preparation software may not be programmed to import all of the data provided on a Form 1099. We strongly recommend that you compare the data in your tax software to the data in your Schwab Form 1099 Composite.

For TD Ameritrade tax forms, once you receive your Consolidated Form 1099, you'll be able to import your data into your tax preparation software by using the Document ID and TD Ameritrade account number found on your tax form. "TD Ameritrade" must be selected as the financial institution.

For both Schwab and TD Ameritrade, a corrected Form 1099 contains updated information about one or more securities that you hold. If, after we've mailed your original Form 1099, we receive updated information from issuers of securities that you hold, we're required to send you a corrected Form 1099. Revision(s) are clearly displayed with the word "Corrected" to make it easy for you to see what's changed.

Note: We're unable to provide an expected availability date for corrected Form 1099s. This varies based on information received from the issuers of securities.

In most cases your tax lot election will carry over to Schwab automatically. However, there are some scenarios we want you to be aware of where there could be changes to your tax lot elections.

  • Identified or average cost basis method: If your account is set up with an identified cost method for mutual funds or was set up to use the average cost method, these settings will carry over to your new Schwab account.
  • Accounts with mixed tax lot elections: If your account has mixed tax lot elections, which means that you have selected different default tax lot elections for different classes of securities (for example, a different tax lot election for equities, options, and fixed income), these instructions won't move to Schwab. Your default tax lot election at Schwab for equities, options, and fixed income will be first-in, first-out (FIFO). 
  • Relief method same over all asset classes: If your tax lot elections are the same across all asset classes, this will carry over to Schwab.

If you'd like to change cost basis methodology at order entry, you can do that on Schwab.com or in the Schwab Mobile app. This capability is not available on thinkorswim at Schwab.

For more information about managing your cost basis method, please visit the Client Information Hub.

After your account transitions, your tax withholding elections will be automatically reset to state and federal minimums, based on your address of record. This means that nothing will change for most clients.

If you did not have a tax withholding election at TD Ameritrade, you will need to set one up prior to taking a distribution. This could have been because you have never taken an RMD or only took verbal distributions and did not have a permanent election on file.
 
Any distribution instructions that you have set up at TD Ameritrade where no tax is deducted (i.e., a qualified charitable distribution) will be reset to the federal and state minimums once your account moves to Schwab.
 
We encourage you to review your tax withholding elections once your account has moved to Schwab and make any necessary changes.

You can quickly and easily set your tax withholding election on Schwab.com:

Contribution and distribution transactions made at TD Ameritrade prior to your account transition will be reflected on your TD Ameritrade statements.
 
Contribution and distribution transactions made at Schwab after your account transition will be reflected on your Schwab statements, on Schwab.com, and the Schwab Mobile app.
 
You can find your TD Ameritrade and Schwab statements on Schwab.com and the Schwab Mobile app. Log in to Schwab.com and navigate to Accounts > Statements & Tax forms to view your available and historical statements.
 
If you have access to the RMD Center, you will be able to see your Required Minimum Distribution (RMD) taken year-to-date, including distributions made at TD Ameritrade.

Trading & investing

Yes, the thinkorswim® suite of platforms – desktop, web and mobile –is available at Schwab, along with the thinkorswim educational resources, analysis tools, research features, and virtual trading on paperMoney® that you know and love.
 
You'll be able to continue to use the same desktop and mobile downloads of thinkorswim that you use now – there's no need to download new software or apps. Web users can continue to use the same URL or access thinkorswim directly.

When you log into each thinkorswim platform for the first time after your move, your connection will need to be switched to Schwab by simply following the prompts. Remember to use your new Schwab Login ID and password.

While your thinkorswim experience will be very similar, there are a few differences you may want to be aware of:

  • At Schwab, you will not be able to change cost basis methodology at order entry on thinkorswim. You can make cost basis adjustments at order entry on Schwab.com, the Schwab Mobile app or by contacting a service representative.
  • thinkorswim mobile users:  The ability to edit a move money instruction is not available; you will need to cancel and re-enter the instruction.  Also, Android users should be aware that face recognition is not accepted on all devices.
  • Mutual Funds Trading: You will need to use Schwab.com or the Schwab Mobile app to trade mutual funds. You will be able to see mutual fund positions in thinkorswim at Schwab, but you will not be able to buy or sell mutual funds through the thinkorswim platforms.
  • Additionally, if you are looking to move money via ACH or internal transfer for an IRA account, please use the Schwab Mobile app or Schwab.com.
  • The pattern day trade counter may show a different slightly higher value on thinkorswim than it does on Schwab.com. The thinkorswim counter will reset overnight to match the Schwab.com counter. Additionally, the pattern day trade counter will only be visible on Schwab.com for accounts below $25,000 in equity but will be visible for all accounts on thinkorswim.
  • View only access: At Schwab, someone with "view only" access will not be able to see account balances or positions in thinkorswim.
  • Delayed quotes: There is a potential for some clients to experience delayed quotes on thinkorswim when they first move to Schwab because their professional/non-professional designation status is missing. Clients impacted by this will be contacted prior to transition weekend with instructions on the action they need to take to select their status. For more detailed information please see the delayed quotes FAQ, below.
  • Allocation Groups: the "Allocation Group" feature on thinkorswim will temporarily be unavailable after your account moves to Schwab.  We are currently working on adding the functionality to thinkorswim at Schwab, and expect to have it in place soon.  In the meantime, you can utilize the "Multiple Accounts" functionality available in thinkorswim desktop which, while not identical, may serve as a temporary workaround solution.
  • New features: You'll be able to see additional information on hard-to-borrow securities on the thinkorswim trade ticket and watchlist. You'll also be able to login directly to Schwab.com from thinkorswim desktop at the click of a button.
     

Professional or non-professional status was automatically moved to Schwab for most clients.  In a few instances, though, clients will move without a status and will need to re-designate after their move to Schwab.  If you do not have a status at Schwab, you will have some delayed quotes until you designate your professional or non-professional status:

  • On thinkorswim: You'll have a 15-minute delay for equities and options quotes but still receive real-time snap quotes for equities and options in trade tickets.
  • On Schwab.com and Schwab Mobile: You’ll see real-time quotes for equities, and a 15-minute delay for options quotes (but you'll still receive real-time snap quotes for options in trade tickets).

The good news is that it is quick and easy to select your status: log into Schwab.com or Schwab Mobile and follow the automatic prompts to sign your agreements.

Keep in mind that if you are associated with a multi-tenant account, or with some type of entity account (such as a corporation or LLC), you should select your status as an individual, and not based on the status of other tenants or entities.

Once you've selected your status, follow the steps below to activate your real-time market data.

  • If you choose non-professional status: You should begin seeing your real-time quotes right away. You may need to log out of thinkorswim® and log back in to activate your real-time data.
  • If you choose professional status: You'll need to call Schwab at 800-435-9050 to sign up for a paid market data subscription. Level I and Level II quotes will be included with your subscription.

Schwab.com and the Schwab Mobile app offer much of the same trading and investing functionality that you're used to at TD Ameritrade. We're also updating our platforms to include additional TD Ameritrade features.

And if you want more advanced platform features, the powerful thinkorswim trading experience you already know is now available at Schwab.

Enhanced Schwab.com features:

  • Streaming data on watchlists, trade tickets, and options chains (underlying)
  • An enhanced trade ticket and the new SnapTicket®, allowing you to trade more options strategies than you could on tdameritrade.com
  • The ability to easily close and roll positions in 1-2 legged options strategies
  • Expanded watchlist functionality, including customization of columns and data
  • Enhanced trade preferences on the trade ticket and SnapTicket®
  • New conditional order types
  • A day trade counter
  • Updated time-in-force options for good-'til-canceled orders
  • More filtering options on Order Status

Enhanced Schwab Mobile app features:

  • Streaming data on watchlists, trade tickets, order status, options chains (underlying), and positions
  • A redesigned trade ticket and options chains, allowing you to trade more options strategies than you could on TD Ameritrade Mobile App
  • Watchlist and heat map enhancements, including customization of columns and data
  • Additional filtering options on the order status page
  • Equity reports and ratings from third parties
  • A day trade counter
  • Updated time-in-force options for good-'til-canceled orders
  • New mobile alerts for stocks, ETFs, and indices 

Watchlists: Watchlists on tdameritrade.com and thinkorswim will move to Schwab. Watchlists in the TD Ameritrade Mobile app will move to Schwab if they are backed up to the server.

Here are a few other things to know about watchlists:

  • If you create watchlists in the TD Ameritrade Mobile app, be aware that any watchlists saved locally on your mobile device (the default setting) will need to be backed up in order to move with you to Schwab. Only watchlists that are saved to the server will move.
     
    • To back up a watchlist on an iOS device like an iPhone or iPad: Tap "Edit" above the watchlist and then "Copy Watch List." Enter a name and tap "Done."
    • To back up a watchlist on an Android device: Tap "Edit" above the watchlist and then "Copy Watch List." Select "TD Ameritrade server." Enter a name and tap "Done."
       
  • Watchlists on tdameritrade.com containing more than 300 symbols will be broken into multiple watchlists when moved to Schwab.
     
  • Watchlists that transition will initially appear synced across all Schwab platforms, but any updates made after your account transition will not automatically sync between thinkorswim platforms and Schwab.com and the Schwab Mobile app. So, for example, any change made to a watchlist on thinkorswim would require a manual update to Schwab.com or the Schwab Mobile app to keep your watchlists aligned.

Alerts: Alerts set up on tdameritrade.com or on the TD Ameritrade Mobile app will not move. These will need to be set up again on Schwab.com. For most thinkorswim users, all alerts are moving to Schwab and will remain fully accessible on thinkorswim at Schwab.

Please note: There are some scenarios where thinkorswim settings may not move over as expected – which could impact your alerts and watchlists. Check out the FAQ on thinkorswim settings for more details.

For more details on both watchlists and alerts, please visit the Alerts, Watchlists, and Market Data page.

Your TD Ameritrade dividend reinvestment elections for eligible stocks and ETFs will move to Schwab at the time of your transition. After the transition, any additional purchases of these currently held stocks and ETFs in your Schwab account will automatically follow the elections that transitioned with you.

Any net new positions established in your Schwab account won't automatically be opted in for dividend reinvestment at Schwab. You must enroll each eligible stock and ETF separately from the Positions page on Schwab.com or elect dividend reinvestment for eligible securities at the time of trade within the trade ticket. You will not be able to enroll your entire account as you may have done at TD Ameritrade.

Additionally, you should be aware of some other differences between dividend reinvestment at TD Ameritrade and Schwab:

  • Fund Standing Instructions for Mutual Funds: Capital gains and dividend settings will transition to Schwab, with one exception. If you currently have capital gains set to be distributed as cash and dividends set to be reinvested at TD Ameritrade, both will be set to reinvest at Schwab.
  • American Depositary Receipt (ADR) securities and foreign ordinaries (ORDs): Dividend reinvestment on ADR securities and ORDs is not offered at Schwab. These will be distributed as cash and are paid when funds are received from the issuer. 
  • Processing:  Beginning in early May 2024, cash dividends from U.S. Equities eligible for reinvestment will post before market open and dividend shares will post midday, similar to your reinvestment experience at TD Ameritrade.   
    Cash dividend payments for U.S. Equity securities that are not eligible for reinvestment, Foreign and Special Dividends and all interest payments will post to your account when funds are received from the issuer.
  • DTC Dividend Reinvestment Program: For a limited number of stocks, TD Ameritrade offered dividend reinvestment through The Depository Trust Company (DTC). While Schwab does not participate in the DTC Dividend Reinvestment Program, dividends will be reinvested through our open market dividend reinvestment program. While the reinvested price may be different between our open market program and the DTC program, our allocation of shares will typically be posted to your account sooner than the shares are posted under the DTC program. We are considering making the DTC Dividend Reinvestment Program available in the future and will let you know once a decision has been made.
  • Unpaid dividends at the time of your transition: If the dividend record date is prior to your account transition and the dividend payment is made after your account transitions, the dividend will be paid in cash to your former TD Ameritrade account and swept overnight to the new Schwab account via the daily cash residual process. The cash will not be reinvested per dividend instructions. If the record date is after your account transitions, the dividend payment will be made to your new Schwab account and will follow your reinvestment instructions.

Your options approval level will move with your account(s) to Schwab, meaning you'll have the equivalent options approval level in your new Schwab account. There will be no change in terms of the options strategies that you can trade in your account before and after the transition.

Options approval is at the account level. If you have multiple options-approved accounts, each account will move to Schwab with its respective options approval level—which could be different for each account.

You can view a comparison table to see how options approval levels match up between TD Ameritrade and Schwab.

Yes, the margin feature on your account will move with the account to Schwab.  You'll still be able to utilize margin on all trading platforms at Schwab.

House requirements will remain at 30%, though there is the potential for some differences in concentration requirements. You'll be able to view margin requirements from the trade ticket on Schwab.com. You can also visit schwab.com/margin-updates to check on certain securities with special margin requirements.

Portfolio Margin clients will continue to have the same requirements upon moving to Schwab as well.

 Yes, paperMoney will still be available in thinkorswim® at Schwab.  Here are a few details to be aware of related to your paperMoney experience:

  • Your paperMoney account positions and history will NOT move to Schwab.  When you move to Schwab, your paperMoney account positions and history will be reset to the default state, meaning you’ll see one simulated margin account and one simulated IRA, no positions in the accounts, and $100k in virtual cash in each account.
  • Prior to your move, you can export a snapshot of your current paperMoney positions to Excel by going to Monitor > Activities and Positions on thinkorswim desktop app. Additionally, you can export transaction history at Monitor > Account Statement (up to a year of transactions at a time), if you would like to retain that information after your account transitions to Schwab.
  • Your paperMoney settings will transfer to Schwab.

Learn more about paperMoney at Schwab.

Yes, Schwab has robust portfolio performance reporting tools. One of the most popular tools allows you to calculate your rate of return, both from an overall portfolio perspective and by account. It also allows you to look at your performance by asset class. You can utilize pre-selected timeframes or create a custom timeframe to see how you're doing over time. In addition, Schwab has a Portfolio Checkup tool that lets you look at your asset allocation, monitor your sector diversification, and see your equity concentration. You'll be able to find these tools on Schwab.com under Accounts > Portfolio Performance.

Before your account transitions: If you want to preview the Schwab experience and get the hang of using Schwab platforms before you move, you can check out a selection of videos and other helpful resources.

After your account transitions: As a critical first step following your first login at Schwab.com and the Schwab Mobile app, we encourage you to visit the Welcome Center to review what's moved to Schwab, confirm your profile, and update your account features. 

Also, to help you get used to Schwab's platform, a How To Center has been set up, complete with useful instructional videos that tell you what you need to know to get up and running fast. All of this will be available to you—and easy to find—when you log in for the first time at Schwab.com and the Schwab Mobile app.  

Yes. You'll discover a broad spectrum of new investing options available to you at Schwab. Here are a few to look forward to.

  • Schwab Stock Slices®. Schwab Stock Slices allows you to own fractional shares of any company in the S&P 500® for as little as $5 per "slice." Fractional shares are less than a whole share, and they allow you to purchase stocks based on the dollar amount you want to invest. Trading is commission-free when done online. Learn more about Schwab Stock Slices.
  • Thematic investing. Thematic investing is an approach that helps you discover and invest in new trends and opportunities. In contrast to sector investing, thematic investing can span multiple sectors. Schwab's proprietary artificial intelligence technology has been utilized to construct more than 40 curated stock lists, each focusing on an investable theme, such as renewable energy, genomics, and space technology. Learn more about thematic investing.
  • Global investing. There's more to the world than just U.S. markets. Schwab offers direct equity trading in over 30 foreign markets using a Schwab brokerage account, with a dedicated global trading desk staffed 24 hours a day from Sunday evening through Friday afternoon, covering the market hours around the world. In addition, with a separate Schwab Global Account™, you can trade foreign stocks in their local currencies in 12 of the top-traded markets. Learn more about global investing.
  • Schwab Personalized Indexing™. Taking direct indexing to the next level, Schwab Personalized Indexing is a managed account that builds a portfolio of individual stocks that reflect the characteristics of an index. The investment approach is customizable and allows for tax-loss harvesting. Learn more about Schwab Personalized Indexing.
  • Automated investing. You can have a robo-advisor build and manage your portfolio with Schwab Intelligent Portfolios®. With Schwab Intelligent Portfolios Premium®, you can also get unlimited guidance from a CERTIFIED FINANCIAL PLANNER™ in addition to the robo-advisor, for a monthly subscription fee. And Schwab Intelligent Income allows you to meet your income needs by generating a monthly paycheck from either of the automated solutions. Learn more about Schwab Intelligent Income®.

 

Yes. At TD Ameritrade, account balances, position values, and buying power are based on price action in extended-hours (pre- and post-market) trading sessions.

On Schwab.com and Schwab Mobile, account balances, position values, and buying power are based on the closing prices of the preceding general market session. You can view real-time extended hours trading quotes in the trade tickets and on watchlists.

thinkorswim® shows account balances, position values, and buying power based on price action in extended-hours (pre- and post-market) trading sessions, just like at TD Ameritrade.

Pricing & fees

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.

Yes. Online trade commissions will continue to be $0 at Schwab for U.S. listed stocks and ETFs and mutual funds from Schwab Mutual Fund OneSource. Options trades have a $0 online base commission and a $0.65 per contract fee. Learn more about pricing at Schwab.

Service & support

Yes. Your Financial Consultant will be moving with you to Schwab and will be ready and able to help you with all products and services that Schwab offers.  

Until your account transitions to Schwab, continue to contact TD Ameritrade for account service 24/7 at 800-780-8614. Or log in to your TD Ameritrade account and under Client Services, select Message Center to write to TD Ameritrade support.
 

Once your account transitions, you'll start contacting Schwab for 24/7 customer service at 800-435-4000.

You can expect the same type of high-quality service that you get at TD Ameritrade. You can contact Schwab by phone, chat, or email for 24/7/365 support. Or you can visit a Schwab branch during regular business hours. We're happy to inform you that the service teams you work with at TD Ameritrade will transition with you and be able to keep serving you.

There are resources available to support you after your account transition.

Online resources

  • The Client Information Hub provides general information about the transition process. It has help and how-to resources, and more about investing at Schwab.
  • After you log in to Schwab.com or Schwab Mobile for the first time, our Welcome Center will guide you through any actions needed, and help you get to know Schwab.

Communications

  • After your transition is complete, you'll receive a series of onboarding communications from Schwab to welcome you, familiarize you with products and services, and get you set up with your trading and investing experience quickly and smoothly.  

Service

  • If you have questions after your move, you can call 800-435-4000 to talk with a representative.

When the integration of TD Ameritrade and Schwab is complete, there will be over 400 Schwab branches, including 100 Independent Branch locations. To view a full list of current Schwab branches, visit the branch locator.

Selective, Essential & Personalized Portfolios

If you are currently invested in Selective Portfolios Core Mutual Fund, Core ETF, and Opportunistic strategies:

Your account will transition to Schwab and continue to be managed post-transition according to your portfolio strategy by Charles Schwab Investment Management, Inc. At Schwab, you will be able to view your performance history, adjust your strategy, and open additional Selective Portfolios accounts.

If you are currently invested in Essential Portfolios, Personalized Portfolios, and Selective Portfolios Managed Risk and Supplemental Income strategies:

Your account will continue to be managed up until close of business on September 1, at which time the account will transition to Schwab as a self-directed brokerage account that will no longer be managed. All investments will remain intact and there will be no tax implications related to this change. If you would like to continue to have your account managed, Schwab offers a range of investment advice solutions. Speak with your Financial Consultant or review the options available at Investment Advice.

Before your account moves to Schwab, you will be able to request cash up to the following dates:

  • Tuesday August 29, 2023 is the last date to submit a request for cash if securities need to be liquidated to cover this request.
  • Friday September 1, 2023, at 4p.m. ET is the deadline to request cash online that is already available in your account.
  • After transition of your account, Schwab can provide several withdrawal options online or through your service representative.

Please visit the Move Money Guide for additional details.

Whether your account moves over as a Managed Investing account or as a self-directed brokerage account, your performance reports will be available post transition on Schwab.com for the primary account holder. (Accounts > Statements > Reports & Plans)

There will be some limited changes to your Selective Portfolios experience at Schwab. While your current program fee will not change, your quarterly program fees will now be deducted on the last day of the quarter using actual daily balances rather than at the beginning of the quarter using the previous quarters balance. Additionally, program fees will not be assessed on the portfolio cash in your account.

Most of your account features will still be available, but there will be some differences in the experience:

  • Cash cannot be held within the account outside of the portfolio strategy: After your accounts transition, all cash will be invested according to the portfolio strategy. If you wish to maintain a portion of cash outside of the portfolio strategy, you must move that cash to another account. Clients who currently hold additional cash in their accounts at the time of the transition will have approximately 60 days to either withdraw the cash or instruct Schwab to invest the cash according to the portfolio strategy, otherwise your account may be unenrolled from the offer.
  • Tax-loss harvesting: At Schwab, you will still have the option to make specific tax gain/loss harvesting requests by speaking with your Financial Consultant or a service representative and submitting a form, though ongoing automatic tax-loss harvesting will no longer be supported.
  • Quarterly trade confirmations report in place of individual confirmations: All Selective Portfolios clients will receive a Quarterly Trade Confirm report, rather than individual trade confirms. If desired, you can elect to have individual trade confirms by speaking with a service representative after the transition of your account.
  • Proxies voted on your behalf: Charles Schwab Investment Management, the portfolio manager after your account moves to Schwab, will vote proxies on your behalf rather than you being responsible for proxy voting. You may change these instructions if you desire to vote proxies yourself, by speaking with a service representative.
  • Mutual fund dividends paid out in cash: All dividends will be paid out in cash and reinvested according to your portfolio strategy, rather than reinvested into the existing mutual fund.
  • Performance: Your portfolio performance history will continue to be calculated from the time of your initial enrollment in Selective Portfolios at TD Ameritrade. Once your account is at Schwab, you will have access to additional functionality such as the ability to customize your view to cover additional time periods, include additional accounts, and compare performance against specific benchmarks or indices.

Most of your move money profiles and instructions will transition to Schwab automatically. There are some exceptions for Managed Investing clients, so be sure to review the Move Money Guide for specific details.

We encourage you to log into Schwab.com or the Schwab Mobile app after your account transition is complete to check that everything is set up as expected.

If you are currently invested in Essential Portfolios, Personalized Portfolios, or Selective Portfolios Managed Risk or Supplemental Income strategies, your account will transition to Schwab as a self-directed brokerage account. As a result, it's important to know that you will be responsible for ensuring there is adequate cash available in your account for withdrawals once at Schwab.
 

Small Business Retirement Accounts

SEP IRAs, SIMPLE IRAs & Individual 401(k)s

If you currently have a SEP IRA, SIMPLE IRA, Individual/Solo 401(k), Money Purchase Pension Plan, or Profit Sharing Plan:

Your account will automatically and securely transition to Schwab and continue to be available and accessible, and you'll be able to take advantage of all the benefits that come with the integration of Schwab and TD Ameritrade. If you are an employer with a SEP or SIMPLE IRA, there is additional paperwork you need to complete to fully set up your plan. See "I'm an employer with an Individual/Solo 401(k), SIMPLE IRA, or SEP IRA plan" below.

There will be some differences in how you can make contributions and distributions through small business accounts at Schwab versus how you did it at TD Ameritrade. Most of your move money profiles and instructions will transition to Schwab automatically. 

Learn more in the Move Money Guide.

If you're an employer, there are forms for each plan that need to be completed to set up your plan at Schwab:

  • For SIMPLE IRAs, complete these forms electronically with DocuSign so  that you're ready to make contributions and take advantage of additional benefits immediately after the transition of your plan.
  • For SEP IRAs, check back for more information in the weeks leading up to the transition of your plan in September.
  • For Individual/Solo 401(k) plans, complete and submit an Individual 401(k) contribution form each time you contribute.

Note: If you are an employee, you do not need to fill out this paperwork.

Reach out with questions.

  • Reach out with questions.

    We're here to help. If you have questions call 800-435-4000.

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.

Multiple leg options strategies will involve multiple transaction costs. Spread trading must be done in a margin account.

Investing involves risk including loss of principal.

This information is not intended to be a substitute for specific individualized tax, legal or investment planning advice.

Schwab does not provide tax advice. Clients should consult a professional tax advisor for their tax advice needs.

TurboTax® and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Charles Schwab & Co., Inc. is not affiliated with TurboTax, Intuit Inc., or any of its subsidiaries.

Charles Schwab & Co., Inc. is not affiliated with Morningstar, CFRA, MarketEdge®, and Argus or any of their subsidiaries.

Schwab.com and the Schwab Mobile app require a wireless signal or mobile connection. System availability and response times are subject to market conditions and your mobile connection limitations. Functionality may vary by operating system and/or device.

Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

*Schwab Network is brought to you by Charles Schwab Media Productions Company ("CSMPC"). CSMPC and Charles Schwab & Co., Inc. are separate but affiliated subsidiaries of The Charles Schwab Corporation. CSMPC is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.

Investors should carefully consider information contained in the prospectus, or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a mutual fund prospectus by calling Schwab at 1-800-435-4000. Please read the prospectus carefully before investing.

An investment in a money market mutual fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Futures, futures options and Forex trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options prior to trading futures products.  Forex trading involves leverage, which also carries a substantial level of risk. Please read the NFA booklet Trading Forex: What Investors Need to Know Prior to Trading Forex Products. ​

Real-time quotes may be delayed for professional users.

thinkorswim and the Schwab Mobile app require a wireless signal or mobile connection. System availability and response times are subject to market conditions and your mobile connection limitations. Functionality may vary by operating system and/or device.

Futures and futures options and forex trading services provided by Charles Schwab Futures and Forex LLC. Trading privileges subject to review and approval. Not all clients will qualify.
 
Charles Schwab Futures and Forex LLC (NFA Member) and Charles Schwab & Co., Inc. (Member SIPC) are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

The paperMoney® software application is provided for educational purposes only, and allows users to engage in simulated trading with hypothetical funds using live market data. Market activity, trade executions, transaction costs, and other elements presented in paperMoney are simulations only. Simulated performance does not ensure success in a live environment.

Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules.

International investments are subject to additional risks such as currency fluctuation, geopolitical risk and the potential for illiquid markets

Schwab Stock Slices® is not intended to be investment advice or a recommendation of any stock. Investing in stocks can be volatile and involves risk, including loss of principal. Consider your individual circumstances prior to investing.

Investment Research for thematic stock lists is provided by Charles Schwab Investment Management, Inc. ("CSIM"). CSIM is an affiliate of Charles Schwab & Co., Inc. ("Schwab"). Both CSIM and Schwab are separate entities and subsidiaries of The Charles Schwab Corporation.

Thematic stock lists are not intended to be investment advice or a recommendation of any stock. Investing in stocks can be volatile and involves risk, including loss of principal. Consider your individual circumstances prior to investing.

Please read the Schwab Intelligent Portfolios Solutions disclosure brochures for important information, pricing, and disclosures related to the Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium programs. 

Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios Premium® are made available through Charles Schwab & Co., Inc. ('Schwab'), a dually registered investment adviser and broker-dealer. [Portfolio management services are provided by Charles Schwab Investment Management, Inc. ("CSIM"). Schwab and CSIM are subsidiaries of The Charles Schwab Corporation.

There is no advisory fee or commissions charged for Schwab Intelligent Portfolios. For Schwab Intelligent Portfolios Premium, there is an initial planning fee of $300 upon enrollment and a $30-per-month advisory fee charged on a quarterly basis as detailed in the Schwab Intelligent Portfolios Solutions™ disclosure brochures. Investors in Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium (collectively, "Schwab Intelligent Portfolios Solutions") do pay direct and indirect costs. These include ETF operating expenses which are the management and other fees the underlying ETFs charge all shareholders. Schwab does not charge an advisory fee for the SIP Program in part because of the revenue Schwab Bank generates from the cash allocation (an indirect cost of the Program). The portfolios include a cash allocation to FDIC-insured Deposit Accounts at Charles Schwab Bank, SSB ("Schwab Bank"). Schwab Bank earns income on the deposits, and earns more the larger the cash allocation. The lower the interest rate Schwab Bank pays on the cash, the lower the yield. Some cash alternatives outside of Schwab Intelligent Portfolios Solutions pay a higher yield. Schwab Intelligent Portfolios Solutions invests in Schwab ETFs. A Schwab affiliate, Charles Schwab Investment Management Inc., receives management fees on those ETFs. Schwab Intelligent Portfolios Solutions also invests in third-party ETFs. Schwab receives compensation from some of those ETFs for providing shareholder services, and also from market centers where ETF trade orders are routed for execution. Fees and expenses will lower performance, and investors should consider all program requirements and costs before investing. Expenses and their impact on performance, conflicts of interest, and compensation that Schwab and its affiliates receive are detailed in the Schwab Intelligent Portfolios Solutions disclosure brochures.

Schwab Intelligent Income® is an optional feature for clients to receive recurring automated withdrawals from their accounts. Schwab does not guarantee the amount or duration of withdrawals nor does it guarantee meeting Required Minimum Distributions. You may incur IRS penalties for early withdrawal of funds depending on the account type.

Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab Funds, and Schwab, Member SIPC, the distributor for Schwab Funds®, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

Portfolio Management for Schwab Personalized Indexing™ is provided by Charles Schwab Investment Management, Inc., dba Schwab Asset Management, a registered investment adviser and an affiliate of Charles Schwab & Co., Inc. ("Schwab"). Both Schwab Asset Management and Schwab are separate entities and subsidiaries of The Charles Schwab Corporation.

Please refer to the Charles Schwab Investment Management, Inc. Disclosure Brochure for additional information.

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The Charles Schwab Corporation ("Charles Schwab") provides a full range of brokerage, banking, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. ("Schwab"), Member SIPC, offers investment services and products, including the Schwab One® brokerage account. Its banking subsidiary Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender) provides deposit and lending services and products. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

Charles Schwab & Co., Inc. and TD Ameritrade, Inc. members SIPCare separate but affiliated subsidiaries of The Charles Schwab Corporation.

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