When Schwab acquired TDA, they got 12 million client accounts, $1.3 trillion in client assets and $5 billion in annual revenue.
ToS's users account for 1/5 of that total. Which makes us a significant group.
So it is not surprising that they kept the live ThinkOrSwim app.
But Schwab's focus is and always will be their Wealth Management Services.
ToS was kept to preserve the client base. Their push has been to upsell their services.
Paper trading clients have little worth.
The tea leaves, seem to point to them, not supporting paper trading, long-term.
But May 2024, it still far off, much can and will change before we see the final product.
ToS's users account for 1/5 of that total. Which makes us a significant group.
So it is not surprising that they kept the live ThinkOrSwim app.
But Schwab's focus is and always will be their Wealth Management Services.
ToS was kept to preserve the client base. Their push has been to upsell their services.
Paper trading clients have little worth.
The tea leaves, seem to point to them, not supporting paper trading, long-term.
But May 2024, it still far off, much can and will change before we see the final product.
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