Why a Schwab Organization Account?
An Organization Account gives you the choice and flexibility you need to take ownership of managing your organization’s investments—supported by expert guidance and insight. On behalf of your organization, you can take advantage of the benefits provided across our full suite of brokerage services:
- Guidance from a Schwab Financial Consultant to help you define and achieve the investing goals of your organization
- A broad range of investment choices, including stocks, bonds, mutual funds, ETFs, CDs, cash, and cash equivalents
- Low trade commissions, no monthly service charges, and no fees to open or maintain accounts (Other account fees, fund expenses, and brokerage commissions may apply. See Charles Schwab Pricing Guide for details.)
- 24/7 client service and easy account access via Schwab.com and our mobile apps4
How it works.
You can open an Organization Account to manage investments on behalf of a variety of entities, including corporations, sole proprietorships, partnerships, limited liability companies (LLCs), and unincorporated associations.
When you’re ready to set up your Organization Account, speak with a Schwab Financial Consultant, who can walk you through the process. You can also call us at 866-516-0483, or download a Schwab One® Account Application for Incorporated Organizations or Non-Incorporated Organizations. If you don’t have a Financial Consultant, call us anytime to initiate the account application process.
You must meet a $250,000 relationship minimum across all Schwab accounts to open a new Schwab Organization Account.5
What is an Organization Account?
A Schwab Organization Account is a brokerage account designed to meet the unique needs of businesses, nonprofits, and family offices. It can serve as a business brokerage account, investment account for managing endowments, or family wealth preservation account.
Who can open an Organization Account?
Organizations—such as businesses, nonprofits, or family offices—or individuals acting on behalf of those organizations can open a Schwab Organization Account to manage investments, including endowments and family wealth. Supported entities include corporations, sole proprietorships, partnerships, LLCs, and unincorporated associations.
What are the associated account fees?
There is no fee to open or maintain a Schwab Organization Account.
Equity trade commissions are as follows: $4.95 per online trade;1 $0 per online trade in Schwab ETF OneSource;2 no transaction fee on thousands of mutual funds through Schwab Mutual Fund OneSource.3
Other fees may apply. Learn more about our fees.
Are there fees to work with a Financial Consultant?
There is no additional cost to work with a Schwab Financial Consultant. You may pay fees or commissions based on what you invest in (e.g., trade commissions or mutual fund expenses). Review our fees and commissions for complete information.
What assets can be held in a Schwab Organization Account?
A Schwab Organization Account facilitates investment in a broad range of asset classes, including stocks and bonds, mutual funds and ETFs, CDs, and cash and cash equivalents.
Are there minimum or maximum account sizes?
A $250,000 relationship minimum is required to open a Schwab Organization Account. Relationship is defined as total assets across all accounts at Schwab, including the new Organization Account.5
How do I open an account?
To open an account, download a Schwab One® Account Application for Incorporated Organizations or Non-Incorporated Organizations. If you need help with the application or have specific questions about opening an account, call 866-516-0483 (open Monday–Friday, 8:30 a.m.–8 p.m. ET) or contact a local Financial Consultant:
When can I access my account?
We'll send your account number as soon as your application is completed and approved. You can use your account number to log in to Schwab.com and manage your account. You can also access and manage your account using our mobile app.4
We're here to help
Clients of independent investment advisors: You may also contact your advisor or call Schwab Alliance at 800-515-2157.
1. Restrictions apply: The $4.95 commission does not apply to foreign stock transactions, large block trading transactions requiring special handling, or restricted stock transactions. All broker-assisted and automated phone trades are subject to service charges. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.
2. Conditions apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see the Charles Schwab Pricing Guide for additional information.
Charles Schwab & Co., Inc. receives remuneration from third-party ETF companies participating in Schwab ETF OneSource for recordkeeping, shareholder services, and other administrative services, including program development and maintenance.
3. 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.
Charles Schwab & Co., Inc., member SIPC, receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.
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. For each of these trade orders placed through a broker, a $25 service charge applies. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds.
4. Requires a wireless signal or mobile connection. System availability and response times are subject to market conditions and your mobile connection’s limitations. Functionality may vary by operating system and/or device.
5. Minimum may be higher in certain cases.
Wealth management refers to products and services available through the operating subsidiaries of The Charles Schwab Corporation of which there are important differences including, but not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which products and/or services to select.
There are eligibility requirements to work with a dedicated Financial Consultant.
Investors should consider carefully information contained in the 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.
Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Charles Schwab & Co., Inc.