A World-Class Partnership
Currently, we partner with TD Ameritrade Institutional, a leading provider of comprehensive brokerage and custody services to over 4,000 fee-based independent Registered Investment Advisors (RIAs) and their clients. Their collaborative approach and innovative technology solutions ensure that we spend less time navigating a one-size-fits-all solution and more time focused on exceeding your expectations.
In 2019, TD was acquired by Charles Schwab, and since then, the companies were under the same umbrella, but operated independently. In September 2023, this will change as TD Ameritrade and its accounts will transition to become Charles Schwab. We’re committed to making the move to Schwab as smooth and simple as possible. You will keep your account number and your statements will begin to come from Charles Schwab.
Once completed, you will likely want to create a login to www.schwaballiance.com to access your account. If you have a taxable investment account, it is expected that you will receive a 1099 tax document from both TD Ameritrade Institutional and Charles Schwab in 2023. If you take distributions from a retirement account, you will also receive a 1099-R from one or both entities depending upon the timing of your distributions.
We expect this to be a relatively seamless transition with no additional forms or paperwork required, but would not be surprised if we encounter a few speed bumps. Both TD Ameritrade and Charles Schwab have provided us with a high level of support in the early stages of this transition. We’ll keep you up to date as we have more details. Stay tuned.