Schwab Transition Information Center

For any questions about the transition of your accounts, contact your Advance Capital adviser.

If you have activity in your account, you will receive two sets of tax documents for tax year 2023, one set from TD Ameritrade and one set from Schwab.

If you have a retirement account, you will receive a 1099R for distributions and you may receive a Form 5498, depending on when you contributed to your account.

Yes. In the Schwab Alliance client portal, you will be able to access:

• 4 years of account history
• 10 years of account statements
• 7 years of tax documents
• 2 years of trade confirmations

Your advisor will also have access to this information.

Yes. We will automatically transition your TD Ameritrade Institutional accounts to Schwab accounts, and you will receive a new eight-digit Schwab account number to replace each TD Ameritrade nine-digit account number.

You'll see your new account number(s) after your account transitions and when you log in to Schwab Alliance.

You'll also receive a package via mail or email with important account information prior to your transition weekend.

Please note that if you've provided your TD Ameritrade Institutional account number(s) to an employer, bank, or other third party for the purposes of moving money in and out of your account, you'll need to reestablish those instructions with your new Schwab account number(s) after your account transition is complete.

It will depend on how you set up the direct deposit or automatic payment.

If you or your adviser initiated or set up a direct deposit or auto pay on TD Ameritrade's platform, we will transfer those instructions to the Schwab platform. This includes ACH transfers, wires, and third-party checks.

If you provided your TD Ameritrade Institutional account number(s) to an employer, bank, or other third party for the purposes of moving money in or out of your account, you'll need to re-establish those instructions with your new Schwab account number(s) after your account transition is complete.

Example:

• If you set up direct deposit instructions with Bank A to have your Social Security or payroll check deposited to your TD Ameritrade account, you will have to update your instructions with Bank A to include your new Schwab account number to ensure that your check is deposited into your new Schwab account.

If you set up automated payments on a third-party platform with instructions to bill the debit card associated with your TD Ameritrade account, you will need to update the instructions on the platform where you set up the payment with your new account number.

• You will receive a notification in AdvisorClient telling you to create your credentials for Schwab Alliance on July 31^st.
  
  
• The notification will take you through the necessary steps to create your new credentials.

In addition, about one month before the transition, you will receive communication with important information, including details about how to establish your Schwab Alliance credentials.

Any standing letters of authorization (SLOAs) that you have in place with your adviser to re-use the same instructions when taking specific actions on your behalf—like making online cash transfers or domestic wire transfers—will transfer to your Schwab account.