TD Ameritrade turning into Schwab?

[Anonymous]

I am a total newbie when it comes to buying individual stocks. At the height of COVID, I opened a TD Ameritrade account and put some disposable funds into it to experiment.

Now I got an email telling me they have merged with Schwab. I think of Schwab as working on commission. Of course the email sounds like the transition will all be seamless and harmless. Any thoughts? Should I liquidate my holdings ?

[Anonymous]

Don't liquidate your holdings! Especially if you have a taxable account.

Schwab is a perfectly fine custodian with tons of low expense ratio, transaction fee free investment options.

[Anonymous]

Don’t do anything. I have both and both are fine. There is little to distinguish any of the brokers now.

[Anonymous]

If you choose to open a checking account with Schwab, you get a worldwide no transaction fee debit card!

[Anonymous]

Maybe do your research before liquidating your holdings, LOL! PP is correct, all of the brokers are the same. I pay nothing for trades, I use the robo funds for a couple of my accounts, and therefore I get to use one of their free financial advisors.