Posted by Joe Wride
Attention Crafted Finance clients! Ever since the announcement that Charles Schwab acquired TD Ameritrade in 2020, we’ve been waiting to hear what the plan was going to be. Now we know the transition from using TD Ameritrade to Charles Schwab is happening next year.
What this will mean for you as a client:
No paperwork will be required for your account to make the transition to Charles Schwab. Instead, you’ll be given an opt out option should you not want to make the change (i.e. do nothing and you’ll automatically switch to Schwab).
After the transition, you’ll be given a new account number for each account you own.
There will be no transition costs associated with making this change. There also won’t be any price increases for ongoing services.
There will be some great features associated with the change that we’ll promote later. Not the least of which will be a better online experience.
Please Take This Action Now:
You’ll want to get registered on www.advisorclient.com at TD and enroll in e-delivery if you haven’t already. This will allow you to be electronically notified via email (as opposed to regular mail) about all the transition information. You’ll also be able to see any transactions that occur during the time of transition online in real time.
If you have questions or need our assistance, please contact Kelly via email at email@example.com.
This transition will be happening sometime between April and September of 2023. After your accounts pass through the transition, they’ll be at Charles Schwab as opposed to TD Ameritrade; with a new login page and everything. We don't know exactly when this will happen. But Crafted Finance will be notified approximately two months before our transition is scheduled. And once we know, you’ll be notified immediately.