$0 commissions on online trades.¹
See all our pricing and trading fees in one convenient place.
Pricing and fees.
Listed Stocks and ETFs.
online commission 1,2.
online base commission + $0.65 per contract fee 3.
Mutual Funds.
on thousands of funds from Schwab Mutual Fund OneSource 4.
Plus, no trade minimums, no account minimums, and a Satisfaction Guarantee.
Trading Fees and Commissions.
Online Trades Broker-Assisted Trades.
Listed Stocks and ETFs 1,2.
Online Trades.
$0 online commission.
Broker-Assisted Trades.
$0 + $25 service charge.
Options 3,5.
Online Trades.
$0 online base commission + $0.65 per contract fee 6.
Broker-Assisted Trades.
$0.65 per contract + $25 service charge.
US Over-The-Counter (OTC) Equities 1.
Online Trades.
Broker-Assisted Trades.
$6.95 + $25 service charge.
Schwab Mutual Fund OneSource ®4.
Online Trades.
Broker-Assisted Trades.
$0 + $25 service charge.
All other mutual funds 7.
Online Trades.
Up to $74.95 per purchase.
Broker-Assisted Trades.
Online pricing + $25 service charge.
Futures 8.
Online Trades.
$2.25 per contract.
Broker-Assisted Trades.
$2.25 per contract.
Futures Options 8.
Online Trades.
$2.25 per contract.
Broker-Assisted Trades.
$2.25 per contract.
New issues, including CDs.
Online Trades.
Selling concession is included in the offering price.
Broker-Assisted Trades.
Selling concession is included in the offering price.
Canadian Securities (Local exchange & OTC)
Online Trades.
Broker-Assisted Trades.
$6.95 + $25 service charge.
Foreign stock transactions placed on the U.S. over-the-counter (OTC) market 9.
Online Trades.
$50 foreign transaction fee.
Broker-Assisted Trades.
$75 ($50 foreign transaction fee and a $25 broker assistance fee)
Foreign stock transactions placed directly on local exchanges.
Online Trades.
Not available.
Broker-Assisted Trades.
The greater of $100 or 0.75% of principal, with no maximum.
Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes and TIPS.
Online Trades.
Broker-Assisted Trades.
$0 + $25 service charge.
Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS.
Online Trades.
$1 per bond*
$10 minimum.
$250 maximum*
Broker-Assisted Trades.
Online pricing + $25 service charge.
Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investment Trusts.
Online Trades.
These are specialty products. Please contact us at 800-626-4600 for information.
Broker-Assisted Trades.
These are specialty products. Please contact us at 800-626-4600 for information.
Preferred Listed Stocks and REITs 1.
Online Trades.
Broker-Assisted Trades.
$0 + $25 service charge.
Spacing.
Account Fees and Minimums.
All Account Fees and Minimums.
Opening and Maintenance Fees† Account Minimums.
Brokerage (Individual and Joint)
Opening and Maintenance Fees†
Account Minimums.
IRA (Traditional, Roth, or Rollover) 10.
Opening and Maintenance Fees†
Account Minimums.
Schwab Bank High Yield Investor Checking linked to a Schwab One® Brokerage 11.
Opening and Maintenance Fees†
Account Minimums.
Schwab Bank High Yield Investor Savings®
Opening and Maintenance Fees†
Account Minimums.
Schwab Global Account™ 12.
Opening and Maintenance Fees†
Account Minimums.
Schwab One® Trust.
Opening and Maintenance Fees†
Account Minimums.
Schwab One® Estate.
Opening and Maintenance Fees†
Account Minimums.
Schwab Charitable™ 13.
Opening and Maintenance Fees†
Account Minimums.
529 College Savings 14.
Opening and Maintenance Fees†
Account Minimums.
Education Savings.
Opening and Maintenance Fees†
Account Minimums.
Schwab One® Custodial (UGMA/UTMA)
Opening and Maintenance Fees†
Account Minimums.
Individual 401(k) Plan.
Opening and Maintenance Fees†
Account Minimums.
Inherited IRA/Inherited 401(k)
Opening and Maintenance Fees†
Account Minimums.
Schwab Personal Choice Retirement Account® (PCRA)
Opening and Maintenance Fees†
Account Minimums.
SEP-IRA.
Opening and Maintenance Fees†
Account Minimums.
SIMPLE-IRA.
Opening and Maintenance Fees†
Account Minimums.
Personal Defined Benefit Plan.
Opening and Maintenance Fees†
Account Minimums.
Business 401(k)
Opening and Maintenance Fees†
Account Minimums.
Company Retirement Plan.
Opening and Maintenance Fees†
Account Minimums.
Opening and Maintenance Fees†
Account Minimums.
Spacing.
Investment Management Fees and Minimums.
Costs and Fees Account Minimums.
Schwab Intelligent Portfolios® 15.
Just as if you'd invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below.
Costs and Fees.
No advisory fee + No commissions.
Account Minimums.
Schwab Intelligent Portfolios Premium™ 15.
Just as if you'd invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below.
Costs and Fees.
One-time planning fee: $300.
Monthly advisory fee: $30.
Account Minimums.
Schwab Wealth Advisory™ 16.
Costs and Fees.
Starts at 0.80%
(Fee rates decrease at higher asset levels)
Account Minimums.
Schwab Advisor Network® 17.
Costs and Fees.
No charge for referrals.
Fees vary by advisor.
Account Minimums.
Schwab Managed Portfolios 18.
Costs and Fees.
Starts at 0.90%
(Fee rates decrease at higher asset levels)
Account Minimums.
Managed Account Select® Equity Strategies 18.
Costs and Fees.
Starts at 1.00%
(Fee rates decrease at higher asset levels)
Account Minimums.
Managed Account Select® Fixed Income Strategies 18.
Costs and Fees.
Starts at 0.65%
(Fee rates decrease at higher asset levels)
Account Minimums.
Wasmer Schroeder™ Strategies 18.
Costs and Fees.
Starts at 0.55%
(Fee rates decrease at higher asset levels)
Account Minimums.
Windhaven® Strategies 19.
Costs and Fees.
Starts at 0.95%
(Fee rates decrease at higher asset levels)
Account Minimums.
ThomasPartners® Strategies 19.
Costs and Fees.
Starts at 0.90%
(Fee rates decrease at higher asset levels)
Account Minimums.
Schwab Personalized Indexing™ 22.
Costs and Fees.
Starts at 0.40% (Fee rates decrease at higher asset levels)
Account Minimums.
test.
Money Transfer Fees.
Fees to Transfer Business Days to Complete.
Online between Schwab accounts.
Fees to Transfer.
Business Days to Complete.
Online between outside accounts and Schwab investment accounts via Schwab MoneyLink ®
Fees to Transfer.
Business Days to Complete.
Schwab Mobile Deposit™
Fees to Transfer.
Business Days to Complete.
Mobile deposits submitted before 4 p.m. local time within the contiguous U.S. will be processed the same business day.
Check.
Fees to Transfer.
Business Days to Complete.
Wire.
Fees to Transfer.
From your Schwab investment accounts:
$25 per transfer; $15 if transferred online.
Into your Schwab investment accounts:
Depends on sending institution.
Business Days to Complete.
From your Schwab investment accounts:
Into your Schwab investment accounts:
Depends on sending institution.
Direct Deposit.
Fees to Transfer.
Business Days to Complete.
Automatic Investment Plan 20.
Fees to Transfer.
Business Days to Complete.
Schwab Bank Bill Pay.
Fees to Transfer.
Business Days to Complete.
1 or more business days depending on delivery.
Spacing.
The Schwab Satisfaction Guarantee.
We believe every investor deserves to work with a firm they can count on. At Schwab, our commitment to your satisfaction is backed by a guarantee. If for any reason you’re not completely satisfied, we’ll refund your eligible fee or commission and work with you to make things right.**
Common Questions.
What is the minimum investment needed for a brokerage account?
There is no minimum investment needed to open a brokerage account.
How much will it cost to open an account?
There are no fees to open and maintain a Schwab account.
How much does it cost to execute a trade? Do you charge trading commissions?
Online listed stock and ETF trades at Schwab are commission-free. 1 Online options trades are $0.65 per contract. 3 Service charges apply for automated phone trades ($5) and broker-assisted trades ($25) for stocks, ETFs, and Options. Futures trades are $2.25 per contract 8 for both online and broker-assisted trades. Thousands of mutual funds through Schwab Mutual Fund OneSource 4 are transaction-free for both online and automated phone trades, and a $25 service charge applies to broker-assisted trades. Non-Schwab Mutual Fund OneSource trades are up to $74.95 per purchase and $0 per redemption for online and automated phone trades. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service [and certain other funds with no transaction fee] and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds ® , which may charge a separate redemption fee, and funds that accommodate short-term trading. Funds are also subject to management fees and expenses.
What is covered by the Satisfaction Guarantee?
We believe every investor deserves to work with a firm they can count on. At Schwab, our commitment to your satisfaction is backed by a guarantee. If for any reason you're not completely satisfied, we'll refund your eligible fee or commission and work with you to make things right. ** You won't find that kind of promise everywhere—but you will find it here.
If I place a trade myself online but I call in with a question about the trade, do I have to pay the “broker-assisted trade” fee?
No, as long as you place the trade yourself, you do not have to pay the "broker-assisted trade" fee.
When traveling abroad, does a Schwab Bank High Yield Investor Checking Account have ATM and currency fees?
Schwab Bank offers unlimited ATM fee rebates for cash withdrawals using the Schwab Bank Visa ® Platinum card. Schwab Bank does not charge foreign exchange transaction fees for purchases made from your Schwab Bank High Yield Investor Checking Account with your Schwab Bank debit card. 21 Learn more.
Common Questions.
Take the next step.
Have questions? We can help.
*Schwab reserves the right to act as principal on any fixed-income transaction, public offering or securities transaction. When Schwab acts as principal, the bond price includes our transaction fee (outlined above) and may also include a markup that reflects the bid-ask spread and is not subject to a minimum or maximum. When trading as principal, Schwab may also be holding the security in its own account prior to selling it to you and, therefore, may make (or lose) money depending on whether the price of the security has risen or fallen while Schwab has held it. When Schwab acts as agent, a commission will be charged on the transaction.
Fixed income securities are subject to increased loss of principal during periods of rising interest rates.
Fixed-income investments are subject to various other risks, including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.
Trading prices apply across all accounts except for certain foreign stock, large block, restricted stock transactions and special promotional offers. Costs related to trading on foreign exchanges can be found in disclosure 12 below. Please see our Pricing Guide for full details.
For more information about Program Fees, please see the disclosure brochure for the Participating Service, made available at enrollment or any time at your request. The Connection service includes only accounts managed by Charles Schwab Investment Management, Inc., an affiliate of Schwab. 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 guarantee is only available to current clients. Refunds will only be applied to the account charged and will be credited within approximately four weeks of a valid request. No other charges or expenses, and no market losses will be refunded. Other restrictions may apply. Schwab reserves the right to change or terminate the guarantee at any time.
1. Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules.
2. ETFs at Charles Schwab & Co., Inc. ("Schwab") which are U.S. exchange-listed can be traded without a commission on buy and sell transactions made online in a Schwab account. Unlisted ETFs are subject to a commission. Please see pricing guide for additional information. Schwab does not receive payment to promote any particular ETF to its customers. Schwab's affiliate Charles Schwab Investment Management, Inc. ("CSIM") serves as investment advisor to the Schwab ETFs, which compensate CSIM out of the applicable operating expense ratios. The amount of the fees is disclosed in the prospectus of each ETF.
3. Please see the Charles Schwab Pricing Guide for detailed information on equity and options commissions. Multiple-leg options strategies will involve multiple commissions. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options before considering any options transaction. Supporting documentation for any claims or statistical information is available upon request.
4. Please be aware that transaction fees may apply to certain no-load funds that do not participate in our Mutual Fund OneSource service or any of its affiliates. Such funds are subject to Schwab's standard transaction fees, in addition to any redemption fees imposed by the fund. Get more details about Schwab Mutual Funds .
Charles Schwab & Co., Inc. receives remuneration from fund companies participating in the Mutual Fund OneSource service. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service (and certain other funds with no transaction fees) and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds, which may charge a separate redemption fee, and funds that accommodate short-term trading. For trade orders placed through a broker, a $25 service charge applies. Funds are also subject to management fees and expenses. Trades in no-load mutual funds available through the Mutual Fund OneSource service (including Schwab Funds), as well as certain other funds, are available without transaction fees when placed through Schwab.com or our automated phone channels. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds.
5. Exchange Process Fee—This is a fee Schwab charges to offset fees imposed on us by national securities and self-regulatory organizations or by U.S. option exchanges.
The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically—at least once per year but sometimes more often. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as Schwab, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions. U.S. option exchanges charge Schwab and other broker-dealers per-contract fees for purchases and sales of exchange-listed options. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on Schwab for a single transaction. Schwab offsets these fees by charging you a single Exchange Process Fee for each covered transaction. Any Exchange Process Fee that appears on your trade confirmation for a sale of an exchange-listed option will combine the offsets for the fees charged both by the U.S. option exchanges and by the national securities and self-regulatory organizations.
The Exchange Process Fee will rise or fall periodically depending upon the rates set by the SEC or by the U.S. option exchanges, as applicable. Several U.S. option exchanges currently assess a fee upon Schwab for covered transactions. Of them, the Chicago Board Options Exchange (Cboe) and the International Securities Exchange (ISE) fees, as shown in the table below, will be included in the Exchange Process Fee.
Schedule of Option Exchange Imposing the Fee Application to the Exchange Process Fee.
Exchange.
Fees per Contract (Buys and Sells) Passed to Client.
6. Multiple leg online option orders such as spreads, straddles, combos and rollouts are charged $0.65 per contract fees for the total number of option contracts. For Broker Assisted Options Commissions, add $25 to the Online Options Commission. Complex option orders involving both an equity and an option leg, including Buy/Writes or Write/Unwinds, are charged per contract fees for the option.
7. Standard fees apply on both transactions when placing simultaneous orders to sell one or more transaction fee funds and purchase additional transaction fee fund(s) with the proceeds. Some funds may also charge sales and/or redemption fees. Per-trade transaction fees do not exceed 8.5% of principal, up to $74.95. Trades below $100 in principal are exempt from the transaction fee. For information about funds registered outside the U.S. for purchase by non-U.S. persons only, please call us at +1-415-667-8400 (outside the U.S.) or 877-686-1937 (inside the U.S.). Please read the prospectus for details. You can buy shares directly from a fund company or its principal underwriter or distributor without paying Schwab's transaction or service charge (except Schwab Funds).
8. Pricing does not include customary National Futures Association (NFA) and exchange fees. Additional fees may apply at some foreign exchanges. NFA and exchange fees may increase or decrease depending on the rates set by NFA or by the various futures exchanges, as applicable. Additional market data fees may apply at some futures exchanges.
Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure for Futures and Options prior to trading futures products. Futures accounts are not protected by SIPC. Futures and futures options trading services provided by Charles Schwab Futures and Forex LLC. Trading privileges subject to review and approval. Not all clients will qualify.
Charles Schwab Futures and Forex LLC (NFA Member) and Charles Schwab & Co., Inc. (Member FINRA/SIPC) are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
9. Transactions in foreign ordinary shares incur additional custody, clearing, and settlement expenses. A foreign transaction fee is added to trades placed on the US over-the-counter market through the online or automated phone channels. The commission and foreign transaction fee will be combined and will appear as one line item, labeled "Commission," on the trade confirmation.
10. A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options, which may include but not be limited to keeping your assets in your former employer's plan; rolling over assets to a new employer's plan; or taking a cash distribution (taxes and possible withdrawal penalties may apply). Prior to a decision, be sure to understand the benefits and limitations of your available options and consider factors such as differences in investment-related expenses, plan or account fees, available investment options, distribution options, legal and creditor protections, the availability of loan provisions, tax treatment, and other concerns specific to your individual circumstances.
11. The Schwab Bank High Yield Investor Checking ® account is available only as a linked account with a Schwab One ® brokerage account. The Schwab One brokerage account has no minimum balance requirements, minimum balance charges, minimum trade requirements, and there is no requirement to fund this account when opened with a linked High Yield Investor Checking account.
12. For Schwab Global Accounts, this pricing does not apply to trades placed on foreign stock exchanges, which are subject to commissions and local broker fees. Please consult the Charles Schwab Pricing Guide for more information.
13. Schwab Charitable™ is the name used for the combined programs and services of Schwab Charitable Fund™, an independent nonprofit organization. The Fund has entered into service agreements with certain affiliates of The Charles Schwab Corporation.
Schwab Charitable Fund is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. Contributions made to Schwab Charitable Fund are considered an irrevocable gift and are not refundable. Please be aware that Schwab Charitable has exclusive legal control over the assets you have contributed. Although every effort has been made to ensure that the information provided is correct, Schwab Charitable cannot guarantee its accuracy. This information is not provided to the IRS.
14. The Schwab 529 Education Savings Plan is available through Charles Schwab & Co., Inc. and is managed by American Century Investment Management, Inc. The Plan was created by the Kansas State Legislature under the provisions of Section 529 of the Internal Revenue code and is administered by the Kansas State Treasurer. Notice: Accounts established under the Schwab 529 Plan and their earnings are neither insured nor guaranteed by the State of Kansas, the Kansas State Treasurer, American Century Investment or Charles Schwab & Co., Inc. Accounts established under the Schwab 529 Plan are domiciled at American Century Investments and not at Schwab.
The Schwab 529 Plan includes an annual total program fee ranging from 0.25% to 1.00%. This account is tax-advantaged when used for qualified education expenses.
15. Please read the Schwab Intelligent Portfolios Solutions™ disclosure brochures for important information, pricing, and disclosures related 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.
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.
The cash allocation in Schwab Intelligent Portfolios Solutions™ will be accomplished through enrollment in the Schwab Intelligent Portfolios Sweep Program (Sweep Program), a program sponsored by Charles Schwab & Co., Inc. By enrolling in Schwab Intelligent Portfolios Solutions, clients consent to having the free credit balances in their Schwab Intelligent Portfolios Solutions brokerage accounts swept to deposit accounts at Charles Schwab Bank through the Sweep Program. Charles Schwab Bank is an FDIC‐insured depository institution affiliated with Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc.
16. Schwab Wealth Advisory™ ("SWA") is a non-discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.
17. Schwab Advisor Network ® members 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 him or her. Investors, not Schwab, are responsible for monitoring and evaluating an advisor's service, performance and account transactions. Services may vary depending on which advisor an investor chooses.
18. The Managed Account Services program is sponsored by Schwab. Please read the Schwab Managed Account Services™ Disclosure Brochure for important information and disclosures. In addition, please read the participating manager'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 investments portfolio. Services may vary depending on which money manager you choose and are subject to a money manager's acceptance of the account. Please refer to the Charles Schwab Investment Management, Inc. ("CSIM") Wasmer Schroeder Strategies Disclosure Brochure for additional information. As of July 1, 2022 the portfolio management teams for the Wasmer Schroeder Strategies transitioned to CSIM with CSIM assuming portfolio management services for the Strategies. 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.
19. 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. CSIM's products are available through Schwab's Managed Account Connection ® and Managed Account Access ® programs. CSIM participates as a separate account manager in those programs, which include other separate account managers and strategies. Please read Schwab's disclosure brochure for important information and disclosures relating to Schwab's managed account programs.
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. CSIM's products are available through Schwab's Manager Account Connection ® and Managed Account Access ® programs. CSIM participates as a separate account manager in those programs, which include other separate account managers and strategies. Please read Schwab's disclosures brochure for important information and disclosures relating to Schwab's managed account programs.
20. Periodic investment plans [dollar-cost-averaging, dividend reinvestment or Schwab's Automatic Investment Plan ("AIP")] do not assure a profit and do not protect against loss in declining markets.
21. Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa Platinum card (also referred to as a "check card" or "Visa check card") wherever it is accepted. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM fees eligible for rebate based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Bank Client Service Specialist for assistance at 888-403-9000. Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time. Schwab Bank does not assess foreign transaction fees (i.e., a fee to convert US Dollars to local currency) to debit cardholders.
See the Charles Schwab Pricing Guide for Individual Investors ("the Guide") and any amendments to the Guide for comprehensive details on fees.
Investors should consider carefully information contained in the prospectus, or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000 . Please read the prospectus carefully before investing.
Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares of ETFs are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
22. Please refer to the Charles Schwab Investment Management, Inc. Disclosure Brochure for additional information.
Portfolio Management for Schwab Personalized Indexing is provided by Charles Schwab Investment Management, Inc., dba Schwab Asset Management, a registered investment adviser and an affiliate of Charles Schwab & Co., Inc. ("Schwab"). Both Schwab Asset Management and Schwab are separate entities and subsidiaries of The Charles Schwab Corporation.
