Wealth Management / Transition of TD Ameritrade to Charles Schwab
Transition of TD Ameritrade to Charles Schwab

Transition of TD Ameritrade to Charles Schwab

Charles Schwab Client Learning Center

Client Communication Letter

 

Q: Why can’t I log in to my TD account right now?

A: Accounts are not accessible from Friday, September 1, 2023 7:30pm CST, but will be active on Tuesday, September 5, 2023 at 4:00am CST through Schwab Alliance. Hang tight while Schwab works on the transition.

Q: How do I access my new accounts at Schwab?

A: If you have not yet set up login credentials with Schwab, and your TD login was not eligible to carry over, open a web browser and navigate to www.schwab.com. Hover over “Log In” in the upper right corner and select “Schwab Alliance.”

Schwab Alliance access

 

Next, select “New User?” and follow the prompts to set up your login credentials.

 

Schwab Alliance login

 
Q: I am having issues setting up my Schwab Alliance login

A:     Username Requirements

  • 1 letter
  • At least 6 valid characters in length
  • Cannot match or contain your Social Security Number
  • Cannot contain special characters or symbols.
    • Usernames are not case sensitive, but sometimes default to ALL CAPS. If you are having a hard time using credentials you just set up, try entering in the username with all capital letters.
    • Your username may already be used by another Schwab client. If you receive an “invalid credential” error message, try to create a new and unique username
    • Schwab does not allow users to share web access. Make sure you are setting up your own access, using an account number for which you are an owner

Password Requirements

  • 8 Characters
  • 1 capital letter
  • 1 number
  • Cannot have any portion of your Social Security Number or Tax ID Number
  • Cannot have any portion of your username
  • Cannot use TD or Schwab
  • Case sensitive
  • Cannot match 5 previous passwords

Q: Will my September 1st ACH be delayed?

A: Scheduled inbound and outbound ACH transactions have until 4:30 p.m. ET on September 1st to be completed.

Q: Will my September 4th ACH be delayed?

A: Your ACH transfer will occur on Tuesday, September 5th, with no delay.

Q: I want to continue to have electronic statement at Schwab.

A: Click on this link for a video demonstration: How do I select paperless Delivery at Schwab?

Additional Questions? Click here to access Schwab’s Client Learning Center:
FAQs - Client Learning Center | Charles Schwab

Features that will transfer from TD to Schwab

  • Bank and wire connections used within the past three years
  • Authorizations you granted to your advisor
  • Beneficiaries
  • Trusted contacts
  • Dividend reinvestment plan (DRIP) instructions
  • Margin portfolio margin, and options futures
  • Realized gains and losses
  • Transaction history
  • Statements, confirmations, and tax forms
  • Watchlists

Possible/Potential Actionable Tasks

  • Because you will have a new account number, you will need to update direct deposits or payments (such as paychecks, Social Security checks, or other payments sent directly to your TD Ameritrade account) that you set up directly on a third-party platform like your bank.
  • A change like this provides a great opportunity to review and update account linking or access you have granted to third parties, such as your accountant or attorney. Please review your account(s) and make sure the right people have access to your account(s).
  • You will no longer have access to the Charts section or Message Center so, if you’re an active user of these features, please print them out for future reference.

 

 

BrokerCheck

Investment and insurance products:

  • Are Not FDIC Insured
  • May Lose Value
  • Are Not Bank Guaranteed
  • Are Not Deposits Are Not Guaranteed by Any Federal Government Entity
  • Are Not a Condition to Any Banking Service or Activity

Nicolet Advisory Services, LLC, is an investment adviser, registered with the U.S. Securities and Exchange Commission, and an affiliate of Nicolet National Bank.

Advisory services offered through Nicolet Advisory Services, LLC, a Registered Investment Advisor. Securities and insurance products offered through Private Client Services ("PCS"), member FINRA/SIPC. PCS is not affiliated with Nicolet National Bank, Nicolet Wealth Management or Nicolet Advisory Services.

Trust services are offered through Nicolet National Bank, a national bank with trust powers.

Past market activity is not indicative of future results, and changes in any assumptions may have a material effect on projected outcomes. Investing in securities entails risk, and the potential for losing money always exists when investing in securities. Asset allocation, rebalancing, and asset diversification will not ensure account protection in a declining market, and cannot be relied upon to enhance gains in a rising market.

Neither Nicolet Advisory Services nor its affiliates offer tax or legal advice. Investors should consult with their legal and tax professionals before making investment decisions.