The executive vice president of Schwab’s Integration Management Office, Jason Clague, said, “These decisions demonstrate Schwab’s dedication to continually innovating and enhancing the experience for our clients.
Per Schwab’s plans, TD Ameritrade Institutional’s customizable portfolio rebalancing solution, iRebal, will be retained and offered to independent advisor clients. As we look ahead, we intend to thoughtfully combine the great capabilities, tools and service at both firms to provide a unified, world-class trading experience for clients.”īernie Clark, the executive vice president and head of Schwab Advisor Services, said, “The combination of our respective trading teams’ experience and capabilities with the advanced trading technology of thinkpipes will create an even more compelling offer for advisors when integration is complete.” For users of Schwab’s StreetSmart Edge platforms, there is no change. In light of its plans of integrating the award-winning platforms, Barry Metzger, senior vice president of Trading Services at Schwab, stated, “Our plan to adopt the thinkorswim suite of products and educational resources reflects its status as one of the strongest retail active trader platforms in the industry. Post deal closure, the integration is expected to take 18-36 months. In fact, with more than 99% of votes cast in favor of the deal, shareholders of both the companies have already approved the transaction, which is expected to be completed in the second half of 2020.
Notably, on Jun 4, Schwab’s all-stock deal to acquire TD Ameritrade for $26 billion received consent from the U.S. Charles Schwab SCHW announced that following the acquisition of TD Ameritrade Holding Corporation AMTD, it will integrate the thinkorswim and thinkpipes trading platforms, and educational resources into its offerings for retail clients and independent advisors.
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