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That equation of keeping channels skinny keeps the door, it seems, open for a variety of direct indexing providers to prosper.Ĭharles Schwab & Co. RIAs love elegant solutions but historically they've balked at getting them all in one place. Or do I have that wrong? Will I mix in dribs ands drabs of DI? The good news for the pro-direct indexing believers, RIA or investor, is that Schwab is both a believer and an early mover and competent national brand is likely to inculcate that needed all-in belief, if anyone can. If you're going to go organic, you go all the way. Yet it does seem to have parallels to organic food. To me it seems to follow the RIA script of control moving out the chain to where the bulk of the fee leverage and value exists - at the wealth manager. Schwab reserves the right to change or terminate the guarantee at any time.Brooke's Note: What's not to like about direct indexing? Pretty much nothing, though it still suffers from high minimums and semi-high fees. No other charges or expenses, and no market losses will be refunded. Refunds will only be applied to the account charged and will be credited within approximately four weeks of a valid request. The guarantee is only available to current clients. The guarantee does not cover Program Fees for accounts managed by investment advisors who are not affiliated with Schwab or managed by Schwab‐affiliated advisors outside of the SWA, SMP, SIP Premium, and Connection services. The Connection service includes only accounts managed by Charles Schwab Investment Management, Inc., an affiliate of Schwab. įor more information about Program Fees, please see the disclosure brochure for the Participating Service, made available at enrollment or any time at your request. Two kinds of “Fees” are eligible for this guarantee: (1) “Program Fees” for the Schwab Wealth Advisory (“SWA”), Schwab Managed Portfolios™ (“SMP”), Schwab Intelligent Portfolios Premium™ (“SIP Premium”), and Managed Account Connection® (“Connection”) investment advisory services sponsored by Schwab (together, the “Participating Services”) and (2) commissions and fees listed in the Charles Schwab Pricing Guide for Individual Investors or the Charles Schwab Bank Pricing Guide. Refund requests must be received within 90 days of the date the fee was charged. (“Schwab”), Charles Schwab Bank, SSB (“Schwab Bank”), or another Schwab affiliate, as applicable, will refund any eligible fee related to your concern. Schwab Satisfaction Guarantee: If you are not completely satisfied for any reason, at your request Charles Schwab & Co., Inc.
#CHARLES SCHWAB FULL#
See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules.Ģ. Exchange process, ADR, foreign transaction fees for trades placed on the US OTC market, and Stock Borrow fees still apply. Service charges apply for trades placed through a broker (US$25) or by automated phone (US$5). Options trades will be subject to the standard US$.65 per-contract fee. The standard online US$0 commission does not apply to large block transactions requiring special handling, restricted stock transactions, trades placed directly on a foreign exchange, transaction-fee mutual funds, futures, or fixed income investments.