I haven't gotten around to it yet, but TD/Schwab will be losing my business (and several other people I know), due to extremely shoddy administration. I contacted both TD Ameritrade and Schwab about this, and they refused to admit any culpability, with avoidance of the issue entirely. I was incensed at this, but paid the fine, as a challenge with IRS could result in a possible $ 400K fine, if my argument was rejected. They take advice from stock advisory services or work diligently on their own. I contacted IRS, and they fined me $ 1,500 as a result of my not having filed the 5500-EZ for the prior 9 years. I trade through TD Ameritrade largely because their thinkorswim (TOS). Once the Schwab merger was announced, they admitted to their administrative mis-coding, and my acct was appropriately labeled as a "Solo 401K', and I subsequently received a 5500-EZ Email alert in 2022. As such, they never notified me on an annual basis (I do my own taxes) that I was required to fill out an IRS 5500-EZ Form, if my balance was greater than $250K.
During this transition, my Solo 401K was mis-coded as a "Flexible 401K". In person: TD Ameritrade has over 360 branch locations across the US. Live chat: Text 898832 or speak with a representative through Facebook or Twitter. Thinkorswim’s customer service is available 24/7. I created a Solo 401K with TD Waterhouse years ago, and they were subsequently bought by TD Ameritrade. Reach Thinkorswim by phone, live chat or in person. Merrill Lynch advised TD Ameritrade, while Paragon Capital Partners advised thinkorswim and UBS advised thinkorswim’s board.Mis-coding of my account cost me $ 1,500 IRS Fine Customer service phone, TD Auto Finance Customer Service,Contact TD Auto Finance. Thinkorswim’s chairman and chief executive, Lee Barba, will stay through the transition, while co-founders Tom Sosnoff and Scott Sheridan will join TD Ameritrade. Welcome to TD Ameritrade Advisor View all of your TD. 398 TD Ameritrade shares for each thinkorswim share.
After the deal’s closing, in the next six months, TD Ameritrade will start a buyback of 28 million shares.Īs part of the deal, TD Ameritrade will pay about $225 million in cash and issue 28 million new shares to thinkorswim shareholders, which amounts to $3.34 in cash and. The company has about 87,000 funded retail brokerage accounts and $3 billion Contact Information Listed below are our top recommendations on how to get in contact with thinkorswim: Trade. Thinkorswim earned $87 million in pretax income on $380 million in revenue for the 12 months ending Sept. The deal will bring together TD Ameritrade, whose focus historically has been on stock trading, with thinkorswim, a smaller competitor but one that focuses on options trading. TD Ameritrade said Thursday that it was buying thinkorswim for about $606 million in cash and stock, solidifying TD Ameritrade’s standing as one of the largest online brokerage
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