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Transition to Charles Schwab

The purpose of this post is to make you aware of some impending changes in the way we do business. As you may or may not already know, TD Ameritrade and Charles Schwab agreed to a merger in 2020. That long takeover process is in the backstretch, and by September, all accounts on the TD Ameritrade system will be migrated to Schwab’s system. This includes your accounts managed by Force Acres.

We are not compelled to use the brokerage services from Charles Schwab, but as I have researched it, following the natural progression seems to be the best and most cost effective path. Transitioning to the Schwab platform results in the fewest changes in investment selection, technology, and pricing. Without alternative instruction, it is my intention to allow this process to happen.

I will be contacting you in the coming weeks to confirm that you have received this letter and to answer any questions you may have. But for good measure, Schwab has set up this informational page that highlights the main points and answers ​​the most frequently asked questions.

With that said, there will be a number of changes as a result of the transition. However, I believe the most important points to drive home are that neither your core investment portfolios nor your costs will change.

Perhaps the biggest change in this transition is that we will move from a quarterly billing cycle to monthly beginning in October of this year. Again, your costs will not change, only the frequency with which they are charged.

Internally, the next six months will be focused on executing this transition as seamlessly as possible. I will be reviewing all client data to confirm their accuracy, learning how to service accounts on the new system, and ensuring that all new accounts are connected to RightCapital.

I encourage you to read through the information put forth by Schwab as your questions and concerns about this transition are likely covered within, but please feel free to reach out to discuss if you find something amiss.

Thank you again for your trust and confidence. I look forward to continuing to serve all of you before, during, and after we navigate this transition.

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