TD to Schwab Transition Resources
This page contains information and resources regarding the upcoming TD Ameritrade to Schwab conversion. Please check back regularly for updates
Here is a general timeline of what to expect:
- May 15, 2023: AdvisorEngine will include the required Consent to Transfer letter in all TD Ameritrade account opening envelopes.
- May 19, 2023: Requirement for the Consent to Transfer letter to be submitted for all new accounts opened at TD Ameritrade.
- June/July 2023: After you receive your new Schwab master accounts, notify your Relationship Manager at AdvisorEngine that your firm is ready to begin setting up the Schwab integration on the AdvisorEngine Wealth Platform.
- August 18, 2023: Last day for accounts to be opened at TD Ameritrade.
- September 1, 2023: Last day for trading, ACH, and fees to be posted to TD Ameritrade accounts.
- September 2-4, 2023 (Labor Day Weekend): TD Ameritrade accounts will be converted to Schwab accounts.
Tips for a Smooth Transition
- Select a member of your firm to work with AdvisorEngine during the transition process.
- Stay in touch with your AdvisorEngine Relationship Manager. Contact firstname.lastname@example.org to put you in contact with your dedicated Relationship Manager if needed.
- Make sure you are completing any steps required by TD/Schwab. Check out their Institutional Information Hub for their specific library of transition resources.
Our team is dedicated to your success in this process. For additional questions, please contact your Relationship Manager or our Support Team at email@example.com.
Defining a Transition Plan
A Transition Plan allow accounts to be transitioned out of existing portfolios into model portfolios over time, reducing the upfront tax burden to the client. The Transition Plan feature provides control over the turnover of a portfolio, where ...
Transferring into an Open TD Ameritrade Account
To perform an account transfer into an already opened TD Ameritrade account: Enabling Account Transfer By default, this option is disabled. Follow the steps below to enable either for all clients or per-client. Enabling Account Transfer for All ...
Updates TD Ameritrade Beneficiary IRA and Beneficiary ROTH forms have been updated to the latest versions for account opening. Schwab Schwab is now available as a custodial integration. This includes advisor-led account opening for all supported ...
Updates Schwab Resolved an issue with account transfer account type compatibility affecting Roth IRAs. Resolved a number of miscellaneous bugs related to alerts. Client Portal Improved the handling of null security symbols. Improved the display for ...
Fixes and Enhancements Pershing API Enhancements Included roboAdviceIndicator in the AO API call, for all accounts created in client portal and platform. Updated Order messages to reflect updated Not Held (NH) minimums. Adjusted the start date for ...