Portfolio Design Services, LLC

Independent Investment Advisers

It’s coming…TD Ameritrade Transition to Schwab

Labor Day Weekend is the official conversion of all TD Ameritrade accounts to Charles Schwab accounts. We’re preparing to make your move seamless and easy.

Here’s some key information about that upcoming transition to Schwab:

  • No action is necessary to move the account – TD Ameritrade accounts will automatically and securely transition to Schwab at no cost to clients, on or about September 5, 2023. On that date, TD Ameritrade clients will become clients of Schwab, and Schwab will become custodian of their accounts.
  • Clients will be able to access and withdraw cash from their TD Ameritrade accounts through Friday, September 1, 2023, at 8:30 pm ET. After that, client access to TD Ameritrade accounts will no longer be available, and clients will no longer be able to log on to AdvisorClient.com and see their accounts.  Clients’ assets will be moved to Schwab over that Labor Day transition weekend.  Starting Tuesday, September 5, 2023, clients can log on to Schwab Alliance to view, access, and transact in their accounts.
  • Clients’ independent investment advisor on record at TD Ameritrade will transition with their accounts and will have the same authorizations on their Schwab accounts as they had on the clients’ TD Ameritrade accounts.
  • When clients log into TD Ameritrade’s AdvisorClient.com to look at their accounts, there is a banner at the top of the page addressing the upcoming transition.  It also provides a link to the Transition Center, which provides key dates, frequently asked questions and more. 

Date and Deadline for Ameritrade Transition to Schwab

  • A Client Information Hub has also been set up to support the account transition to Schwab. Clients can visit welcome.schwab.com/alliance to see more information.

Portfolio Design Services and TD Ameritrade are here to help you.

We appreciate our clients who have custodied their accounts at TD Ameritrade and want them to be confident about this move to Schwab. If you have questions, give us a call.  You can reach your Portfolio Design Services advisers at 715-629-9095 or TD Ameritrade at 800-431-3500. Or visit the Client Information Hub at welcome.schwab.com/alliance for more information. Plus, look for additional communications with more information to help you have a smooth transition.