Charles Schwab acquiring TD Ameritrade

Got this email yesterday:

We’re excited to announce that Charles Schwab and TD Ameritrade have reached an agreement for Schwab to acquire TD Ameritrade.

The combined company will retain the Schwab name, and will reflect the best that each legacy firm has to offer, including leading trading and wealth management platforms, investor education, award-winning service, and banking.* This should bring clients like you an outstanding investing experience.

For now, the transaction is subject to customary closing conditions and is expected to close in the second half of 2020. During that time, there should be no impact to your account or how you work with TD Ameritrade.

For additional information about the transaction, please visit for details.

I wonder what if any effect this will have on forex accounts.

I got the same email. TD Ameritrade is not a discount broker, but it does have a lot invested in its thinkorswim trading platform, a highly rated product, and so it would make sense for Charles Schwab to continue with it.

Vanguard just joined the club! Didn’t take too much longer.

Free link.