When opening your TD accounts, you signed applications authorizing an ACH link between each TD account and the checking/savings account of your choosing. If you have a taxable brokerage account(s), links were also created to/from this account. These permissions, called Standing Letters of Authorization (SLOA), allow us to transfer funds between accounts on your behalf, in accordance with your instructions. Each year TD Ameritrade is required by the SEC to mail a list of standing instructions to each client. Please review these notices and alert us if any account information is out-of-date.
Unfortunately, TD Ameritrade generates not one letter summarizing these authorizations, but rather a letter for each link to each account. If you have more than a couple of accounts – especially taxable accounts – the letters will multiply exponentially.
Even if you opted for electronic delivery of communications, TD reminds us every January that this election has limits. Until TD consolidates its SLOA compliance, please accept our sincerest apology for this annual assault on your mailbox.
