One combined company dedicated to serving investors in every phase of their financial journey

An exciting time and a historical moment

The combination of our firms is about the future: our clients' future. Our scale, our complementary strengths, and our shared passion for investors and the advisors who serve them will create a unique firm in the industry. A company with a commitment to creating access for everyone, the resources to support clients at every stage of their journey, and the integrity to keep clients’ interests at the heart of everything we do. And a singular focus on creating better outcomes for all of our clients.

Business As Usual

For now, it's business as usual

We are honored to be bringing Schwab and TD Ameritrade together. As we combine the best of our two companies over the next 18-36 months, we will continue to deliver the superior service you have come to expect. In the meantime, we will continue to operate separate broker-dealers and clients of Schwab and TD Ameritrade will continue to do business with their respective firms as usual. For more information, visit our Client Information Hub. 

Chuck offers his views on the combined firm

Schwab & TD Ameritrade see the world through the same eyes - our clients'

Our vision is to be the most trusted leader in investment services. We will do that by continuing to break down barriers for investors and those who serve them through a combination of low cost, great service and leading technology. We will further challenge the status quo, using our scale, larger resources and combined expertise to transform lives - and investing.

Opens in popup+ Transcript

Chuck:  Chuck, do you want to be the biggest and most profitable? What do you want to be?

Chuck:  When I started, we were doing 50 trades a day. 50, all by hand with a pen and a pad. I knew instinctively that individual investors needed a better deal, that they were getting a raw deal from Wall Street. I certainly knew in my mind that we had a great business opportunity ahead of us. I'm sure Joe Ricketts felt the same way. We would study our competitors very, very carefully. Kept us fresh, kept us ambitious.

Young Chuck:  Fast service, big discounts, 24 hours a day, seven days a week. I'm Charles Schwab and that's the way I see it from the investor's point of view.

Chuck:  There are many times Ameritrade would come up with some interesting idea. I mean, my goodness, thinkorswim, I wish we had done that. It was always that “Can we leapfrog them?” and they would, I'm sure, say the same thing: "Can we leapfrog Schwab?" One of the earliest to online capabilities...

Man in Ad:  Buy, sell, do your research. I'll just call up a portfolio and the order has been placed in our host computer system.

Man in Ad 2:  Let's go to Ameritrade.com. Research it. All this stuff is provided for you, free of charge.

Man in Ad 3:  No cost.

Man in Ad 2:  Yeah. That's synonymous with free.

Chuck:  It was all about trying to help individual investors, better service, lower prices, faster transactions. Both companies had our freedom to take care of individual investors. In the early days, Merrill Lynch might've been $110 for a trade. And we've brought it down, all the way down. Finally, about a year ago, we were down to $5 and finally, I decided, "Let's go to zero." That's where it should be. Let's go to zero.

Chuck:  It would not have happened except for firms like Ameritrade and ourselves who pushed that envelope. I guess the beauty of being somewhat mature is to see. The most successful people I know are people who are doing something for somebody else. "Owning your tomorrow," is the way we express it or, "Transforming lives." It's the same subject matter. It's really about helping people and that has not changed. You're helping somebody and those are the most fulfilling of all jobs for my money.

Chuck:  This combination is historic. There would be no other company like the combination of the two companies coming together, individual investors and their independent advisors, total focus. There are other companies that might say, "We're like that also," but they're not.

It's the people at Ameritrade and the people at Schwab, we'll be independent. We won't be part of another company that has a different mission in life.

Chuck:  Chuck, you want to be the biggest, the most profitable? What do you want to be? The merger today is not about being the biggest. To me, it's about being the strongest, an unbelievable fortress of a company with the highest level of integrity. That's what you want to deal with. That's what we want to offer. That's who we are.

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The New Charles Schwab at a Glance

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Greater scale strengthens Charles Schwab’s ability to serve a broad range of clients at lower costs*

  • $6T total client assets

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    5M daily average trades

  • 28M brokerage accounts

Enhances our “no trade-offs” approach to value for investors and independent Registered Investment Advisors

Enhances our “no trade-offs” approach to value for investors and independent Registered Investment Advisors

  • Award-Winning Trading & Wealth Management Platforms

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    Full Suite of Advisory Solutions

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    Investor Education

  • Retirement Services

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    Banking

  • Asset Management

Recent News & Stories

  • October 6, 2020

    Schwab Completes Acquisition of TD Ameritrade

  • September 30, 2020

    Schwab Provides Update on Regulatory Actions Related to Its Acquisition of TD Ameritrade

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  • August 5, 2020

    Charles Schwab Announces Plan to Adopt thinkorswim Trading Platforms as Part of TD Ameritrade Integration

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  • June 4, 2020

    Schwab Stockholders Approve Acquisition of TD Ameritrade

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TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc., members FINRA/SIPC, are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. 

*Total client assets based on combined data for Schwab and TD Ameritrade as of August 31, 2020, using company reports; all other combined data as of June 30, 2020, calculated using Schwab’s methodology.