What to do with my TD Ameritrade IRA?
by leochouinard | March 20, 2023 4:37 pm
As I assume almost all of you are aware, TD Ameritrade has been acquired by Schwab. I have IRAs at both companies (each between 200K-300K) and have been notified that my TDA account will be moved to Schwab on Memorial Day weekend. I’m just wondering if I should move that account elsewhere to get access to the research on another company’s website. At present, I invest mostly in individual stocks, with a small percentage in options[1] and a little more in ETFs and mutual funds[2]. I do a few (0 to 5) stock trades most months, a few options trades each year. I should note that besides Schwab, I also have access to Fidelity[3]’s website via my wife’s investments, so it wouldn’t help me for research purposes to move it there. Should I just combine the IRAs at Schwab to simplify things, or is there another brokerage firm I should move it to that would help when researching my trades?
- options: https://www.stockgumshoe.com/tag/options/
- mutual funds: https://www.stockgumshoe.com/tag/mutual-funds/
- Fidelity: https://www.stockgumshoe.com/tag/fidelity/
Source URL: https://www.stockgumshoe.com/2023/03/microblog-what-to-do-with-my-td-ameritrade-ira/
I find enough data from Fidelity that I don’t use any other brokerage firm’s research materials, though I also end up probably having too much research at hand, not too little.
Thanks, Travis.
If you do nothing your account will become a Schwab account. They also have excellent and unlimited data available to you as a client.
Yes, and overall I’ve found the data from Schwab more useful than the data from TD Ameritrade in the past, though I have often looked at both before deciding on an investment in a company I’m not familiar with.