We are excited to share an important update regarding the TD Ameritrade to Charles Schwab Transition that is going into effect later this year. Any new account that you open with Highland and TD Ameritrade will now require a Positive consent form. This form will be attached to any new accounts that Highland opens with TD Ameritrade. Below is the latest update directly from TD Ameritrade:
Positive consent begins May 19. When opening any new account at TDAI from May 19 through August 18, your clients will need to sign a Consent to Transfer letter (“Positive Consent Form”) that must be submitted along with the rest of their new account paperwork. If the signed Consent to Transfer letter is not included, the account will be considered “not in good order” and we will be unable to open the account until we receive the Positive Consent Form. If there are more than two signatures required, you will need to submit forms.
If you have any specific questions, please reach out to your Advisor for further information.