# Charles Schwab

Charles Schwab is a RIA based in Omaha, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Omaha, United States
- **Region:** North America
- **Address:** Omaha, NE, United States
- **Assets under management:** Undisclosed
- **Website:** tdameritrade.com
- **LinkedIn:** https://www.linkedin.com/company/td-ameritrade

## Regulatory record

- **Reports private funds:** No

## About

TD Ameritrade is a provider of securities brokerage services and technology-based financial services. The company offers investment products and services, including stocks, ETFs, options, futures, foreign exchange, mutual funds, fixed income, and margin lending. It serves retail investors and independent registered investment advisors through online trading platforms and investment tools, and is based in Omaha, Nebraska.

## Sectors

- Financial Services

## Offices

- Menlo Park
- Berlin
- Boston
- Sydney
- New York

## Questions

### Is TD Ameritrade still independent?

No. TD Ameritrade was acquired by Charles Schwab in a deal announced November 2019 and closed October 2020. All client accounts were migrated to Schwab by late 2023. The TD Ameritrade brand no longer operates as a separate brokerage.

### What happened to thinkorswim after the Schwab merger?

Charles Schwab continues to offer thinkorswim on desktop, web, and mobile platforms to former TD Ameritrade clients and new Schwab clients. The platform provides Level 2 quotes, advanced options trading, and charting tools.

### How did TD Ameritrade make money?

TD Ameritrade generated revenue from payment for order flow, net interest income on margin loans and cash sweeps, and asset-based fees from advisory programs. After going commission-free in October 2019, order-flow revenue became a larger share of income.

### What was the size of the TD Ameritrade acquisition by Schwab?

Charles Schwab acquired TD Ameritrade in an all-stock transaction valued at approximately $26 billion (per SEC filing, November 2019). The deal combined two of the largest retail brokerages and RIA custodians at the time.

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Last updated: 2026-07-09T01:41:05.897Z

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