The Charles Schwab Corporation today successfully completed the second round of client account transitions from Ameritrade to the Schwab platform. We are honored to welcome this group of 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, banking and retirement needs.
Our priority was to deliver a smooth, supportive client experience during this process. As a result of these recent efforts, more than five million retail client accounts were transitioned from Ameritrade to Schwab. In comparison, the February transition group included about 450,000 retail accounts.
Looking ahead, we remain on track to transition nearly all remaining Ameritrade client accounts in subsequent transition groups over the course of 2023 and early 2024. For Ameritrade clients in these future groups, there’s nothing to do right now. Every client will be notified well in advance of their transition date to ensure the move is as smooth and as seamless as possible.
Schwab is extremely proud of the thoughtful preparation and committed support our teams have delivered during this historic integration. We are committed to ensuring the process remains smooth for our clients as we complete this journey.