SIPs
What is a SIP account?
Schwab Intelligent Portfolio- a fully automated robo-advisor service providing clients a professionally managed, diversified portfolio of exchange traded funds (ETFs) built, monitored, and automatically rebalanced, starting with as little as $5,000
What is a Managed account?
A managed account (or separately managed account) is a portfolio of individual securities, such as stocks or bonds, that is managed on your behalf by a professional asset management firm. Unlike with a mutual fund or exchange-traded fund, you directly own the individual securities. Each separately managed account is designed to follow a specific asset class or achieve a targeted investment objective.
What is an Advisor Services account?
Schwab Alliance provides "World Class" service to clients who utilize the services of a third party Financial Advisor. Not Schwab advisors.
What are these accounts meant for?
Schwab Wealth Advisory (“SWA”) is Schwab’s premier wealth management program, designed to meet the needs of investors who want advice, yet want to be actively involved in the management of their portfolios.
What is a Schwab Private Wealth Services account?
A complimentary branded program for ultra-high net worth (UHNW) retail clients.
What is the minimum to qualify?
$5000
True or False: We can place trade for a Managed Account
False - Client must call in
How to determine if an account is an Advisor Services account?
AS will be listed next to the account number
What is the enrollment minimum?
$500,000
How much in household do you need to have to be considered "high net worth"?
10 million
Can we close a SIP account through secure message?
No- must be live interaction
Are there fees associated with a Managed account?
Yes.
Our asset-based fees are blended on a tiered scale and decline with additional assets.
You may be able to take advantage of lower pricing if you have multiple Managed Account Select accounts within your household, provided they are of the same asset class.
True or False: We can place a trade for an AS account.
True: Brokers can place trades in these account as well as walk clients through the process.
To enroll new SWA relationship or add an account to an existing SWA Pricing group, the client must complete this form, either in print form or electronically.
True or False: Clients need to sign into a separate website to place trades.
False: Client can place trades on Schwab.com
True or False: SIP accounts are able to reinvest dividends in the account.
False. SIP accounts cannot reinvest dividends.
International accounts can be managed
True- Eligible international accounts will be allowed to be managed
How can you tell if a client is signed up for Schwab Wealth Advisory?
Tier/Offer code will show SWA
Do family members qualify for the benefits of this account as well?
Everyone in your household qualifies for these benefits. That includes accounts belonging to your spouses, domestic partners, parents, step-parents, children…almost anyone that you’re related to as long as you live together.
Clients can still invest in Money Market Funds in a SIP account.
Nope- ETFs only
Client can have a Schwab Bank Investor Checking Account connected to a Schwab One account that is managed.
A client cannot have a managed account in an S3 (Investor Checking + Schwab One brokerage) account. If an S3 account is submitted, Managed Account Operations will convert the S3 account to an S1 and the client's Investor Checking account will be closed.
Can we close an AS account?
If under "AS account Details" the "master account" is listed as Charles Schwab, then it is considered retail and we can close account in OZ.
If agency is listed, Alliance has to close the account to first delink the agency.
What is the difference between Schwab Private Wealth Services and Schwab Wealth Advisory?
Schwab Private Wealth Services is an automatic service that provides complimentary access to premium services & benefits for clients who meet the asset thresholds. Schwab Wealth Advisory is a comprehensive, fee-based wealth management program led by a dedicated advisor who provides personalized solutions tailored to your client’s unique needs.
What credit card reward to qualifying members have access to?
$1,000 Annual Schwab Appreciation Bonus: SPWS clients receive a $1,000 card statement credit to cover the full annual cost of American Express Platinum Card® for Schwab, featuring a welcome offer of 80,000 Membership Rewards® Points, and a wide range of travel and entertainment benefits. Bonus is taxable, and client will receive a 1099.