What You Must Know
- The TD Ameritrade platform conversion remains to be within the orientation section.
- The second section will begin in late January, says the managing director of Advisor Providers Integration at Schwab.
- After that, the subsequent vital time interval might be June via August.
Following the present “get grounded” orientation section of the Schwab-TD Ameritrade platform conversion, the second section for TD Ameritrade advisors, “prepare,” will begin in late January, in keeping with Jessica Heffron, managing director of Advisor Providers Integration at Schwab.
The subsequent section might be “after we’re actually trying to execute custodial agreements along with your companies,” she advised TD Ameritrade advisors who’re nonetheless getting some familiarity with Schwab’s platform.
After that, “the subsequent vital time interval is basically to concentrate on June via August, which is able to cowl … ‘full setup,’ in addition to get you fairly deep into” the “discover and be taught” section of the scheduled conversion, she mentioned Wednesday, throughout the digital Schwab Influence 2022 convention.
“That is going to be a vital time the place your agency is definitely going to begin to get entry to Schwab platforms like SchwabAdvisorCenter.com,” she famous.
Throughout that point interval, TD Ameritrade advisors will “proceed to have entry to the TDA platform,” she mentioned, explaining: “That’s the place you’re going to proceed to actively handle your online business, your property, your portfolios on that platform up till Labor Day weekend.”
However Schwab goes to take steps throughout that interval “to begin constructing your knowledge on” the Schwab platform, she famous. In early June, Schwab will “take a snapshot of how your agency is ready up at TDA, and that’s truly then going to function our blueprint for us to begin the construct of your setup on Schwab,” she added.