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Q: How does this fit into our strategy? A: This transaction is squarely in line with Schwab's long-term strategy. It allows Schwab to continue to add scale on top of its organic growth, with the addition of approximately 12 million client accounts, $1.3 trillion in client assets and $5 billion in annual revenue.
Why is my account moving to Charles Schwab? In late 2019, Charles Schwab acquired TD Ameritrade and began integrating the two businesses. Over two years into the integration process, TD Ameritrade accounts will officially transition to Charles Schwab accounts over Labor Day weekend.
At the end of 2020, Charles Schwab completed its acquisition of TD Ameritrade. This means big changes for customers of TD Ameritrade. As the transition nears completion, all customers at TD Ameritrade will have their accounts moved over to Schwab.
TD Ameritrade has been acquired by Charles Schwab. Now you'll get access to thinkorswim® trading platforms and robust trading education at Schwab, along with great service, a commitment to low costs, and a wide range of wealth management and investing solutions. Open an account at Schwab today.
?parties? means Parent, Merger Sub and the Company.
In addition, cash in your account can be held in a TD Ameritrade FDIC Insured Deposit Account (IDA). Balances in an IDA are held at one or more banks (?Program Banks?), where they are insured by the Federal Deposit Insurance Corporation (FDIC) against bank failure for up to $250,000 per depositor, per bank.
If you've been trading on TD Ameritrade, get ready to say goodbye. TD Ameritrade clients are being notified now their accounts are being moved into Charles Schwab (SCHW) starting next year. It's a long-awaited move after Schwab announced it would buy TD Ameritrade in 2019.
An agreement setting out steps of a merger of two or more entities including the terms and conditions of the merger, parties, the consideration, conversion of equity, and information about the surviving entity (such as its governing documents).