The Charles Schwab Corporation announced on October 6 that it has completed its acquisition of TD Ameritrade Holding Corporation and that it would move its headquarters to Westlake effective January 1.
“This is a historic moment that brings together two leading companies with proud and successful histories of making investing more accessible to all,” Schwab President and CEO Walt Bettinger says via press release. “As we begin this next chapter, we remain focused on continuing to be the industry’s most trusted leader in investment services. Looking forward, we intend to quickly and efficiently harness our complementary strengths in order to break down even more barriers for investors. In doing so, we intend to deliver a winning combination of low costs, great service and industry-leading technology to support our clients, and the advisors who serve them, across every phase of their financial journey.”
According to the press release, Schwab and TD Ameritrade will operate individually until the integration is complete. The integration is expected to occur over the next 18 to 36 months.
The Westlake location, which opened in late 2019, was “specifically chosen and designed as a more centrally located hub for the company given Schwab’s nationwide presence across a network of branches and operations centers,” according to the press release.