This material is for institutional investor only.
*Information provided by the Equity Award Consultation Team is
not intended to be a substitute for specific individualized
tax or legal advice. Where specific advice is necessary or
appropriate, please consult a qualified professional.
Diversification strategies do not ensure a profit and do not
protect against losses in declining markets. Investments in
managed accounts should be considered in view of a larger,
more diversified investment portfolio.
Please refer to the Schwab Managed Portfolios Disclosure
Brochure for additional information. Portfolio management for
Schwab Managed Portfolios is provided by Charles Schwab
Investment, Inc., a registered investment adviser and an
affiliate of Charles Schwab & Co., Inc. (“Schwab”). Both
Charles Schwab Investment, Inc. and Schwab are separate
entities and subsidiaries of The Charles Schwab Corporation.
Please read the Schwab Intelligent Portfolios Solutions™
disclosure brochures
for important information, pricing, and disclosures relating
to the Schwab Intelligent Portfolios® and Schwab Intelligent
Portfolios Premium™ programs.
Schwab Intelligent Portfolios and Schwab Intelligent
Portfolios Premium are made available through Charles Schwab &
Co., Inc. (“Schwab”), a dually registered investment advisor
and broker-dealer. Portfolio management services are provided
by Charles Schwab Investment Advisory, Inc. (CSIA). Schwab and
CSIA are subsidiaries of The Charles Schwab Corporation.*
There is no advisory fee or commissions charged for Schwab
Intelligent Portfolios. For Schwab Intelligent Portfolios
Premium, there is an initial planning fee of $300 upon
enrollment and a $30-per-month advisory fee charged on a
quarterly basis as detailed in the Schwab Intelligent
Portfolios Solutions disclosure brochures. Investors in Schwab
Intelligent Portfolios and Schwab Intelligent Portfolios
Premium (collectively, “Schwab Intelligent Portfolios
Solutions”) do pay direct and indirect costs. These include
ETF operating expenses which are the management and other fees
the underlying ETFs charge all shareholders. The portfolios
include a cash allocation to a deposit account at Schwab Bank.
Our affiliated bank earns income on the deposits, and earns
more the larger the cash allocation is. The lower the interest
rate Schwab Bank pays on the cash, the lower the yield. Some
cash alternatives outside of Schwab Intelligent Portfolios
Solutions pay a higher yield. Deposits held at Schwab Bank are
protected by FDIC insurance up to allowable limits per
depositor, per account ownership category. Schwab Intelligent
Portfolios Solutions invests in Schwab ETFs™. A Schwab
affiliate, Charles Schwab Investment Management, receives
management fees on those ETFs. Schwab Intelligent Portfolios
Solutions also invests in third-party ETFs. Schwab receives
compensation from some of those ETFs for providing shareholder
services, and also from market centers where ETF trade orders
are routed for execution. Fees and expenses will lower
performance, and investors should consider all program
requirements and costs before investing. Expenses and their
impact on performance, conflicts of interest, and compensation
that Schwab and its affiliates receive are detailed in the
Schwab Intelligent Portfolios Solutions disclosure brochures.
Tax-loss harvesting is available for clients with invested
assets of $50,000 or more in their account. Clients must
choose to activate this feature.
Schwab Advisor Network (“SAN”) member advisors are independent
and are not employees or agents of Charles Schwab & Co., Inc.
(“Schwab”). Schwab prescreens advisors and checks their
experience and credentials against criteria Schwab sets, such
as years of experience managing investments, amount of assets
managed, professional education, regulatory licensing, and
business relationship as a client of Schwab. Advisors pay fees
to Schwab in connection with referrals. Schwab does not
supervise advisors and does not prepare, verify or endorse
information distributed by advisors. Investors must decide
whether to hire an advisor and what authority to give the
advisor. Investors, not Schwab, are responsible for monitoring
and evaluating an advisor’s service, performance and account
transactions. Services and fees may vary depending on which
advisor an investor chooses.
The Managed Account Select® (“Select”) program is sponsored by
Charles Schwab & Co., Inc. (“Schwab”). Please read the Managed
Account Services™ Disclosure Brochure for important
information and disclosures. In addition, please read the
participating money manager’s (MM’s) disclosure brochure,
including any supplements, for important information and
disclosures. Investments in managed accounts should be
considered in view of a larger, more diversified investment
portfolio. Investment advisors are not owned by, affiliated
with, or supervised by Schwab. Services may vary depending on
which MM you choose, and are subject to an MM’s acceptance of
the account.
Please refer to the ThomasPartners Strategies Disclosure
Brochure for additional information.
Portfolio Management for the ThomasPartners Strategies is
provided by Charles Schwab Investment Management, Inc.
("CSIM"). CSIM is a registered investment adviser and an
affiliate of Charles Schwab & Co., Inc. ("Schwab"). Both CSIM
and Schwab are separate entities and subsidiaries of The
Charles Schwab Corporation.
Please refer to the Windhaven Strategies Disclosure Brochure
for additional information.
Portfolio Management for the Windhaven Strategies is provided
by Charles Schwab Investment Management, Inc. ("CSIM"). CSIM
is a registered investment adviser and an affiliate of Charles
Schwab & Co, Inc. ("Schwab"). Both CSIM and Schwab are
separate entities and subsidiaries of The Charles Schwab
Corporation.
Schwab Stock Plan Services provides equity compensation plan
services and other financial services to corporations and
executives through Charles Schwab & Co., Inc. ("Schwab").
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate
but affiliated companies and subsidiaries of the Charles Schwab
Corporation. Brokerage products are offered by Charles Schwab &
Co, Inc., Member SIPC. Deposit and lending products and services
are offered by Charles Schwab Bank, Member FDIC and an Equal
Housing Lender.
