TD Ameritrade was acquired by Schwab in 2022, and they are starting to begin the process of migrating TD Ameritrade accounts over to Schwab.
Schwab will notify you when your account is ready to be migrated. If you haven't received communication from Schwab about your TD Ameritrade account yet, you won't need to take any action yet.
Once your account is migrated to Schwab, you will need to update your account in your Empower Personal Dashboard to continue updating your accounts:
- If you already have a Schwab account linked to your dashboard, simply re-enter your login credentials to pull in your migrated TD Account. Follow the steps outlined here to update your account.
- If you do not have a Schwab account linked prior to this migration, you will need to link your Schwab account.
After linking your migrated account to your Empower Personal Dashboard, mark your TD Ameritrade account as closed. Only mark the account as closed once your account has been migrated and successfully linked to your dashboard. Closing the account before linking the new account may result in a gap in data, so wait until your account is linked under Schwab before closing your TD Account.
You can read more about this process at the Schwab site, here: https://www.aboutschwab.com/schwab-statement-on-ameritrade-client-transition-timeline