At the end of 2020, Charles Schwab completed its acquisition of TD Ameritrade. This means big changes for customers of TD Ameritrade. As the transition nears completion, all customers at TD Ameritrade will have their accounts moved over to Schwab.

Charles Schwab CorporationTD Ameritrade Holding Corporation / Parent organizationThe Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services to both retail and institutional clients. Wikipedia

How does TD Ameritrade make money? Like other brokers that don't charge commissions for stock or ETF trades, TD Ameritrade makes money from products that do carry a fee. The company charges a fee for futures and forex trades, its robo-advisor and financial advisory offerings and broker-assisted trades.

Since Charles Schwab acquired TD Ameritrade, we've been working to bring together our complementary strengths - including our innovative services, industry-leading platforms, and long-standing commitment to low costs.

TD Ameritrade offers one of the largest selections of mutual funds and commission-free ETFs of any discount broker we've seen. Many brokers cater primarily to active investors and traders, but TD Ameritrade does a good job balancing the needs of stockpickers and hands-off fund investors alike.

TD Ameritrade is a member of the Securities Investor Protection Corporation ("SIPC"), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

At the end of 2020, Charles Schwab completed its acquisition of TD Ameritrade. This means big changes for customers of TD Ameritrade. As the transition nears completion, all customers at TD Ameritrade will have their accounts moved over to Schwab.

Today, TD Ameritrade provides investing and trading services for 11 million client accounts that total more than $1 trillion in assets, and custodial services for more than 6,000 independent registered investment advisors.

Commission-Free Trading $0 commissions on online stock, ETF, and option trades for all new and existing clients. When you add this to our best-in-class platforms, award-winning education, 24/7 knowledgeable support, and a network of over 175 branches, you'll see why TD Ameritrade is the smarter way to trade.

Answer and Explanation: Multi-millionaires and billionaires do use brokerage firms like TD Ameritrade smart mining and vanguard, but they still have other unique ways of trading.

A: This transaction is squarely in line with Schwab's long-term strategy. It allows Schwab to continue to add scale on top of its organic growth, with the addition of approximately 12 million client accounts, $1.3 trillion in client assets and $5 billion in annual revenue.

Why is my account moving to Charles Schwab? In late 2019, Charles Schwab acquired TD Ameritrade and began integrating the two businesses. Over two years into the integration process, TD Ameritrade accounts will officially transition to Charles Schwab accounts over Labor Day weekend.