TD Ameritrade Accounts Are Moving to Schwab. Here's What You Need to Know.

TD Ameritrade Accounts Are Moving to Schwab. Here's What You Need to Know.

| May 04, 2023

TD Ameritrade Accounts Are Moving to Schwab in September. Here's What You Need to Know.

(via: TD Ameritrade) 

In 2019, The Charles Schwab Corporation acquired TD Ameritrade and its related businesses. Since that time, we’ve been working with Schwab to move TD Ameritrade accounts to Schwab. This communication provide important details about the transition of your brokerage account.

Key takeaways about your transition to Schwab.

No action is necessary—your TD Ameritrade Institutional brokerage account with Peak will automatically and securely transition to Schwab at no cost to you, on or about Tuesday, September 5, 2023 (the “Transition Date”). On that date, Schwab will become the custodian of your account.

  • You’ll be able to access and withdraw cash from your TD Ameritrade Institutional account through Friday, September 1, 2023, at 8:30 p.m.   Your assets (cash and securities positions) will be moved to Schwab over your transition weekend. Starting Tuesday, September 5, 2023, you can log on to Schwab Alliance to view, access, and transact in your account.

  • Peak Wealth will transition with your account and will have the same authorizations on your Schwab account as we have on your TD Ameritrade Institutional account. 

  • The Client Information Hub has been set up to support your transition to Schwab. Visit to see more information.

Keeping your private information private.

During the transition, as always, protecting your personal information is a top priority:
TD Ameritrade and Schwab adhere to all relevant privacy laws, including Regulation S-P (Privacy of Consumer Financial Information and Safeguarding Personal Information). Visit to view Schwab’s privacy notice.

Your TD Ameritrade marketing and contact preferences will not transition to Schwab, which means that you may receive marketing and other communications from Schwab. You can easily reset your contact preferences once your account transitions to Schwab.

We’re here to help you.

We appreciate you being a client of TD Ameritrade and want you to be confident about your move to Schwab. If you have questions, call us at 734-681-7575.