Charles Schwab has bought out TDAmeritrade. So, my 93 year old mother had me to setup the Charles Schwab account. It should have been an easy passthrough BUT, oh no....you gotta jump through hoops.
So we got 100% of the authentication in for the account and then it wanted to send a text, or email or call in for a 6 digit code. So the text had to go to her landline so that did not work she has no cell phone....the emailed code didn't work when I input it, she didn't want to talk directly to them, etc., etc., etc.
So just so you guys know...'cause I know some of you have some stock stuff, it's easier to transfer assets to Fidelity then to get the Charles Schwab account to work for a TDAmeritrade customer. Why is it the people who make the trading company's money have to work to hold onto and access their own stuff by jumping through hoops? Schwab company didn't buy TDAmeritrade to lose money...yet you can't just do a passthrough of your information to the Schwab account. I didn't sign up for a hassle...
So if you guys are experiencing the same hassle then know that it was easier to create an account on Fidelity and move all the assets from Schwab/TDAmeritrade then it is to move from an old TDAmeritrade account to a forced new Schwab account because of the buyout. Just go to Fidelity and open an account...then when it gets to funding click on the move account from another company option. Easey peasey....I moved her account for her and then I moved my accounts to Fidelity. The longest part was taking a picture of her last statement and naming it to upload to Fidelity.....
And, BTW, it appears that Charlie boy is woke...so there is another reason for them not to make a buck on us.