PSA: I just spoke with my friend/contact at Schwab about TDA account migration.
For those of you/us who use TOS and TDA, the “last group” to be transitioned is happening on 5/10 which is the NEXT Weekend. As I understood a while ago this was mostly for heavy TOS users, options, futures, forex and some other smaller reasons. They’ve now done FIVE migrations, so hopefully, they’ve worked it all out.
IF you are a TOS user, he did say that as much as they have built and tested the migration scripts, for migrating TOS settings, ALERTS settings and alerts, etc., he said it’s always a good idea to make a backup of your desktops (I have about 20 different desktops in TOS as it is) and Workspaces. MAYBE watchlists. There really isn’t a good way to backup all Alerts setup - but since they are rolling anyway, it wouldn’t be the end of the world.
IF you already HAVE a Schwab account and login, you’ll use this. I have three accounts there already and asked “why don’t I see the new target brokerage account” and he said “we keep it hidden till the day of transfer so it’s not confusing”. For me, it’s confusing NOT seeing the account now. Alrighty.
I’ve had this TDA account for over 25 years now, it’ll be the end of an era. Thankfully, my good old friend Thinkorswim is sticking around to hold my hand.