But we also know that any change brings uncertainty. We are extremely proud of what we’re building. As one firm, Schwab is in a position to offer our clients a broader range of options that meet their personal investment, trading, wealth management, and retirement needs, all backed by leading trading and custodial platforms. We are honored to bring Ameritrade clients to the Schwab platform.

In that light, all of the platforms we’ve announced as remaining part of our combined offering - including iRebal ®, thinkorswim ®, and thinkpipes ® - will become available on the Schwab side as account conversion proceeds during 2023. Advisors will receive regular communications with details on how to plan and prepare their firms and clients for transition.ĭelivering a smooth, supportive client transition experience is our top priority.

We are committed to supporting advisors every step of the way with robust training and support systems.

We plan to move registered independent advisors (RIAs) and their clients’ accounts during the Labor Day weekend transition group, in September 2023.

Clients 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.

For now, there’s nothing Ameritrade retail clients need to do.

This final group represents around 2% of the accounts moving over from Ameritrade, or less than 1% of the combined Schwab account base.

We will also transition one small group of client accounts in the first part of 2024.

We will then migrate larger numbers of client accounts in three subsequent transition groups over the course of 2023: Memorial Day weekend, Labor Day weekend, and a weekend in early November – all scheduled to avoid investing and trading disruptions. We will start with this smaller group to ensure the best client experience.

The retail client transition process is anticipated to begin with a relatively small number of client accounts in February 2023, over President’s Day weekend.

Groups of accounts will transition in phases to ensure the best client experience. The company remains on track to transition the vast majority of accounts to Schwab in 2023. The Charles Schwab Corporation today provided an update on the timeline for transitioning Ameritrade accounts to Schwab.

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