Broker Check

Updates for clients with assets under our management at Schwab

| September 20, 2023

We hope you set up your online access to your Schwab accounts. Here is a step-by-step guide´╗┐ and a 3-minute video. Reach out if your link has expired or if you need any help.

Suppose you won’t set up access within 90 days of the transition or by November 29, 2023, and choose paperless statements and/or tax forms. In that case, you will get paper statements even if your TD Ameritrade had a paperless statement setting.

Schwab lets you sign forms we send you through your Schwab access, such as connecting the bank or move money (vs. DocuSign that we used before).

You can deposit checks directly to your brokerage account through the Schwab app on your phone.

There is only one login for the account owner by default. Schwab lets you set up view-only access for your spouse, accountant, or whoever you want. So, if you want someone else to see your balances, you should let them in.

Explore more about your Schwab accounts access here.

When setting your online access, there are three options for trading: standard, trade/transfer consent, and limited. Please let us know before you place trades if you are set up with the first two options, so we know to leave the account out of our automated rebalancing.

While at TD Ameritrade, we could send you cash when you request it on the same day. At Schwab, we need at least three days to wait till the funds from sold ETF clear to send you cash. So, bear in mind that there will be a slight delay in sending you ad hoc cash. We maintain cash for clients with monthly scheduled distributions, so don’t worry about your monthly paycheck.