The Charles Schwab Corporation (“Schwab”) completed its acquisition of TD Ameritrade Holding Corporation (“TD Ameritrade”) on October 6th in an all-stock deal valued at $22 billion uniting two of the four largest players in the RIA custody market into one company housing roughly $6 trillion in combined assets and 28 million brokerage accounts. The combination of resources will create a company with enhanced scale, an even better portfolio of world-class services and solutions, and a talented team united by an unwavering commitment to clients and a shared heritage of innovation. For the time being, it will be business as usual on both platforms for our clients. Schwab has said it anticipates the integration will take approximately 18 to 36 months. Until then, the products, services and delivery channels currently available from the two companies remain largely unchanged, and clients should continue to call Schwab for Schwab account business and TD Ameritrade for TD Ameritrade account business.
