Schwab Statement Regarding First TD Ameritrade Transition Group

February 21, 2023

The Charles Schwab Corporation today successfully completed the first round of client account transitions from TD Ameritrade to the Schwab platform. We’re honored to welcome this group of TD Ameritrade clients onto the Schwab platform and look forward to serving them with a broader range of options to meet their personal investment, trading, wealth management, and retirement needs.

Our priority was to deliver a smooth, supportive client experience during this process. Based on our achievement of internal milestones and direct client feedback, we are pleased with the results of this transition group. We will take the learnings from this first group to help refine the experience for subsequent groups.   

Looking ahead, we remain on track to transition nearly all remaining TD Ameritrade client accounts in three subsequent transition groups over the course of 2023, including Memorial Day weekend, Labor Day weekend, and a weekend in early November.  These dates allow us to avoid investing and trading disruptions. We will also transition one small group of client accounts in the first part of 2024. For TD Ameritrade clients in these future groups, there’s nothing to do right now. Every client will be notified at least three months in advance of their transition date to ensure the move is as smooth and as seamless as possible. We plan to move registered independent advisors (RIAs) and their clients’ accounts during the Labor Day weekend transition group.

Schwab is extremely proud of the huge amount of care and thoughtful preparation our teams have put into this historic integration.  We are committed to ensuring the process remains as smooth as possible for our clients throughout the rest of the integration.