TD Ameritrade’s thinkpipes platform also to be adopted for independent advisor clients
The Charles Schwab Corporation (“Schwab”) announced it plans to integrate the award-winning thinkorswim and thinkpipes trading platforms, education and tools into its trader offerings for retail and independent advisor clients following its acquisition of TD Ameritrade.
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“We are committed to leveraging material advantages in TD Ameritrade’s platforms when doing so enables us to deliver a differentiated experience to all of our clients. That commitment drove these decisions.”
“Our plan to adopt the thinkorswim suite of products and educational resources reflects its status as one of the strongest retail active trader platforms in the industry,” said Barry Metzger, Senior Vice President of Trading Services at Charles Schwab. “For users of Schwab’s StreetSmart Edge® platforms, there is no change. As we look ahead, we intend to thoughtfully combine the great capabilities, tools and service at both firms to provide a unified, world-class trading experience for clients.”
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For advisors, the thinkpipes platform offers a multitude of features, including real-time charting and efficient trading and allocation, which have made it a market leader. “The combination of our respective trading teams’ experience and capabilities with the advanced trading technology of thinkpipes will create an even more compelling offer for advisors when integration is complete,” said Bernie Clark, Executive Vice President and Head of Schwab Advisor Services. Schwab also plans to retain TD Ameritrade Institutional’s customizable portfolio rebalancing solution iRebal® as part of its offering for independent advisor clients. Additional technology solutions continue to be evaluated for consideration as part of the combined platform.
While the company has said that adopting Schwab platforms and systems generally will be the most effective way to achieve a successful and timely integration, Executive Vice President of Schwab’s Integration Management Office Jason Clague asserted that “We are committed to leveraging material advantages in TD Ameritrade’s platforms when doing so enables us to deliver a differentiated experience to all of our clients. That commitment drove these decisions.”
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