Charles Schwab Corporation to Acquire TD Ameritrade

The Charles Schwab Corporation announced an all stock acquisition of TD Ameritrade Holding Corporation.  A brief summary from the press release is below:


SAN FRANCISCO & OMAHA, Neb.–(BUSINESS WIRE)–The Charles Schwab Corporation (“Schwab”) and TD Ameritrade Holding Corporation (“TD Ameritrade”) today announced that they have entered into a definitive agreement for Schwab to acquire TD Ameritrade in an all-stock transaction valued at approximately $26 billion. Under the agreement, TD Ameritrade stockholders will receive 1.0837 Schwab shares for each TD Ameritrade share, which represents a 17% premium over the 30-day volume weighted average price exchange ratio as of November 20, 2019.


You can view the full press release at – https://pressroom.aboutschwab.com.


These two institutions are respected pillars of the industry and a consolidation such as this can offer many opportunities for our clients.


We wanted to take a moment to make you aware of this transaction and let you know that, although we do not foresee any immediate changes, as time passes there may be simple changes that are made in but not limited to custodial services (Different logo on statements, emails, contact numbers, etc.).  We will certainly keep you apprised to any material changes as they are presented.



Wishing you and your family a healthy and warm holiday season,



Christopher B. Reed, CMFC®




Jason J Roque, CFP®, APMA®