Fees and minimums for our most popular accounts.
| Accounts From Schwab Brokerage |
Minimum to Open |
Additional Information |
Account Maintenance Fees |
Brokerage Account
(Individual and Joint) |
$1,000 |
- You will not be charged for keeping your money in a Schwab account.
- When evaluating transactions, consider any commissions or service fees that may apply.
- You can trade stocks online for a flat $8.95 commission per trade.1
|
$0 |
| Rollover IRA and Inherited IRA |
$1,000 |
- There is no fee for opening a Schwab IRA.
- When making investment decisions, consider any commissions or service fees that may apply.
- These accounts offer valuable tax benefits.
|
| Traditional IRA and Roth IRA |
$1,000 |
- There is no fee for opening a Schwab IRA.
- When making investment decisions, consider any commissions or service fees that may apply.
- Your earnings can grow tax-deferred. Visit our IRA center to see whether a Traditional or a Roth IRA is right for you.
|
| 529 College Savings Plan |
$25 |
- The Schwab 529 Plan includes a total program fee ranging from 0.45% to 1.41%.
- This account is tax-advantaged.
|
| Education Savings Account |
$1,000 |
- Qualified withdrawals are tax-free.2
- When evaluating transactions, consider any commissions or service fees that may apply.
|
| Custodial Account and Custodial IRA |
$100 |
- When evaluating transactions, consider any commissions or service fees that may apply.
|
Please note: The minimum balance required to open an account is often waived if you set up an automatic monthly transfer.
At Schwab, we strive to make all of our pricing clear and transparent. Please see the Charles Schwab Pricing Guide for more details on all of our accounts.
1. Restrictions apply: The $8.95 flat commission does not apply to foreign stock transactions, large block transactions requiring special handling, employer-negotiated commission schedules applicable to equity compensation transactions, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. All broker-assisted trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.
2. All non-qualified withdrawals are subject to federal and state income tax and a 10% penalty. State tax treatment of earnings may vary.
| Accounts From Schwab Brokerage |
Minimum to Open |
Additional Information |
Account Maintenance Fees |
| Trust Account |
$1,000 |
- There is no fee to set up a Schwab One® Trust Account.
- When evaluating transactions, consider any commissions or service fees that may apply.
|
$0 |
| Estate Account |
$1,000 |
- There is no fee to set up a Schwab One® Estate Account.
- When evaluating transactions, consider any commissions or service fees that may apply.
|
| Personal Defined Benefit Plan |
Set-Up Fee |
Annual Service Fee |
| One Person Only |
$750 |
$750 |
| Key Employees Only3 |
$1,000 |
$1,000 |
| Employers With Staff3 |
$1,200 + $50 per participant |
$1,500 + $100 per participant |
The minimum deposit requirement does not apply to the following account types: SEP-IRA, SARSEP-IRA, SIMPLE IRA, Qualified Retirement Plan, Keogh, Company Retirement Account, Pension Trust, Individual 401(k), and 403(b)(7) accounts.
The cost to open a Personal Defined Benefit Plan account starts at $750. The set-up fee and annual service fees for this account vary according to the type of business and the number of participants in the plan.
3. A key employee is defined as an employee who is at least a 5% owner, or who is a 1% owner with annual compensation of $150,000 or more. Staff refers to any employees who are not key employees.
| Accounts From Schwab Bank |
Minimum to Open |
Additional Information |
Account Maintenance Fees |
| Schwab Bank High Yield Investor Checking |
$0 |
- This account offers a 0.10% variable APY.4
- There are no ATM fees. Schwab Bank will reimburse you for any fees charged by other banks.5
- This account is FDIC-insured up to $250,000.6
|
$0 |
| Schwab Bank High Yield Investor Savings |
$0 |
- This account offers a competitive variable interest rate.
- There are no ATM fees. Schwab Bank will reimburse you for any fees charged by other banks.5
- This account is FDIC-insured up to $250,000.6
|
See the Schwab Bank Deposit Account Pricing Guide for more details.
4. The APY on the Schwab Bank High Yield Investor Checking account, with a minimum balance of $0.01, is 0.10% as of 03/01/2013. This rate is variable and may change without notice.
5. Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Platinum debit 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.
6. Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $250,000 based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC).
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services are offered by Schwab Bank, member FDIC and an Equal Housing Lender.
Commissions per trade
Our commissions vary by investment type—but our prices are consistently clear and competitive.
Commissions per Executed Trade
| |
Online Trades |
Automated Phone Trades |
Broker-Assisted Trades |
| Stocks |
$8.951 |
$8.95 + $5.00 service charge |
$8.95 + $25.00 service charge |
| Schwab ETF OneSource™
|
$0.002 |
$5.00 service charge |
$25.00 service charge |
| All other ETFs |
$8.95 |
$8.95 + $5.00 service charge |
$8.95 + $25.00 service charge |
For foreign stock, large block, or restricted stock transactions, please see the Charles Schwab Pricing Guide.
Get more details about Schwab Stocks and ETFs.
1. Restrictions apply: The $8.95 commission does not apply to foreign stock transactions, large block transactions requiring special handling, or restricted stock transactions. All broker-assisted and automated phone trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for full fee and commission schedules. 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 Charles Schwab Pricing Guide additional information. All ETFs are subject to management fees and expenses. Please see pricing guide for additional information. As of 2/7/2013 Schwab ETF OneSource had 105 ETFs.
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 1-800-435-4000. 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 are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
Charles Schwab & Co., Inc. receives remuneration from third-party ETF companies participating in Schwab ETF OneSource™ for record keeping, shareholder services and other administrative services, including program development and maintenance.
Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Charles Schwab & Co., Inc..
Transaction Fees per Executed Trade
| Fund Type |
Online Trades |
Automated Phone Trades |
Broker-Assisted Trades |
| Mutual Fund OneSource® Funds |
$0 |
$0 |
$25.00 service charge |
| Transaction-Fee Funds4 |
$76 per buy
$0 per sell |
$76 per buy
$0 per sell |
Online fee + $25.00 service charge |
Please be aware that transaction fees may apply to certain no-load and low-load funds that do not participate in our Mutual Fund OneSource service. 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.
3. For offshore funds (for non-U.S. persons), visit www.schwab-global.com or call Schwab Global at 877-853-1802 (in the U.S.) or 415-667-6787 (outside the U.S.) for details.
4. Transaction fees apply to open-end mutual funds only. 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. 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).
Charles Schwab & Co., Inc. receives remuneration from fund companies participating in the Mutual Fund OneSource service. Schwab’s short-term redemption fee will be charged on redemptions of funds bought through Schwab’s Mutual Fund OneSource service with no transaction fee. For each of these trade orders placed through a broker, a $25 service charge applies.
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.
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.
Commissions per Executed Trade
| Online Trades6 |
Automated Phone Trades |
Broker-Assisted Trades |
| $8.95 + $0.75 per contract |
Online pricing + $5.00 service charge |
Online pricing + $25.00 service charge |
Get more details about options.
5. 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 before considering any options transaction.
6. Two-legged online option orders such as spreads, straddles, combos, and rollouts are charged only one $8.95 base commission, plus 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 leg, plus commissions for the equity leg subject to the client's current commission schedule. There is no base commission for the option leg.
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 Exchanges Imposing the Fee Applicable to the Exchange Process Fee |
| Exchange |
Fees per Contract (Buys and Sells) |
| C2 |
$0.0020 |
| CBOE |
$0.0085 |
| ISE |
$0.0042 |
| BOX |
$0.0030 |
| TOTAL |
$0.0177 per Contract |
Commissions per Executed Trade
Schwab reserves the right to act as principal on any fixed income transaction, public offering, or securities transaction. When Schwab acts as agent, a commission is charged on the transaction. When Schwab acts as principal, the markup is included in the bond price.
| |
Online |
Broker-Assisted Trades |
| New issues, including CDs |
Selling concession is included in the offering price.
|
Treasuries, including Auction and Secondary:
- Treasury Bonds
- Treasury Bills
- Treasury Notes
- TIPS
|
$0 |
Online pricing + $25 per trade service charge |
| Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS and Mortgage-Backed Securities |
$1 per bond,
$10 minimum, $250 maximum |
Online pricing + $25 per trade service charge |
| Commercial Paper and Foreign Bonds |
These are specialty products—please contact us at 800-626-4600 for information.
|
| Unit Investment Trusts |
These are specialty products—please contact us at 800-626-4600 for information.
|
| Preferred Stocks and REITs |
8.95 per trade online7
Additional charge of $5 for automated phone trades and $25 for broker-assisted trades (on the phone or in a branch)
|
Note: Large block transactions (orders of more than 250 bonds) may be available for special handling and/or pricing. Please call us at 800-626-4600 for more information.
Get more details about Schwab’s Fixed Income Funds.
7. Restrictions apply: The $8.95 flat commission does not apply to foreign stock transactions, large block transactions requiring special handling, employer negotiated commission schedules applicable to equity compensation transactions, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. All broker-assisted trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.
Easily move money in, out, and between your Schwab accounts and your other accounts.
Direct deposits typically come from your payroll, Social Security, pension, or other government-issued payments.
Brokerage accounts that qualify for direct deposit:
- Schwab One® (includes Brokerage, Trust, Estate, and Organization accounts)
- Traditional and Roth IRA
- Education Savings
- Schwab One Custodial and Custodial IRA
From Schwab Bank
Schwab Bank accounts that qualify for direct deposit:
- Schwab Bank High Yield Investor Checking®
- Schwab Bank High Yield Savings®
You can sign up as soon as you’ve received your Schwab account number.
Current Schwab client? Get a personalized and additional instructions.
Use to make deposits to your eligible Schwab brokerage accounts or Schwab Bank accounts by simply taking pictures of your checks. .
With MoneyLink, you can transfer funds between an outside account, such as a savings or checking account, and your Schwab account. You can sign up for MoneyLink when you open an account online, or mail in an application anytime.
Current Schwab client? .
| Schwab Brokerage |
|
|
|
| Online Transfers |
How It Works |
Time Required |
Cost |
| Between Schwab brokerage accounts |
- Online process.
- One-time or regularly scheduled transfers.
|
0–1 business day |
$0 |
| Between Schwab brokerage accounts and outside accounts |
- Online process.
- One-time or regularly scheduled transfers.
- Requires initial setup of Schwab MoneyLink.
|
1–2 business days |
$0 |
| Checks |
How It Works |
Time Required |
Cost |
| Withdraw funds from your Schwab brokerage accounts |
- Online process.
- Request a check to be sent to you by mail from Schwab brokerage.
|
1 or more business days depending on delivery method |
$0 |
| Deposit funds into your Schwab brokerage accounts |
Mail a check to Schwab brokerage for deposit. |
Varies depending on delivery method |
$0 |
| Schwab brokerage branch pickup |
Call Schwab at 800-435-4000 to request a check for pickup from a Schwab brokerage branch. |
1–2 business days |
$0 |
| Wire Transfers (Domestic or International) |
How It Works |
Time Required |
Cost |
| From your Schwab brokerage accounts |
Online process or paper form. |
0–1 business day International transfers may take more than 5 days.
|
$25 |
| Into your Schwab brokerage accounts |
Depends on sending institution |
| International Transfer (Foreign Currency) |
We provide instructions in English, Spanish, and Chinese for most internationally wired foreign currency that comes from other financial institutions. You can contact our wire transfer experts at 602-355-7300. |
Depends on sending institution |
From Schwab Bank
| Schwab Bank |
|
|
|
| Online Transfers |
How It Works |
Time Required |
Cost |
| Between Schwab Bank High Yield Investor Checking accounts and Schwab brokerage accounts |
- Online process.
- One-time or regularly scheduled transfers.
|
0–1 business day |
$0 |
| Between Schwab Bank High Yield Investor Checking accounts and outside accounts |
- Online process.
- One-time or regularly scheduled transfers.
- Requires initial setup.
|
1–2 business days |
$0 |
| Between Schwab Bank accounts |
- One-time or regularly scheduled transfers.
- Regularly scheduled transfers require initial set up by phone.
|
0–1 business day |
$0 |
| Schwab Bank Bill Pay™ |
How It Works |
Time Required |
Cost |
| Between Schwab Bank High Yield Investor Checking accounts and your payees |
- Online process.
- Requires initial setup.
|
1 or more business days depending on delivery |
$0 |
| Checks |
How It Works |
Time Required |
Cost |
| Withdraw funds from your Schwab Bank High Yield Investor Checking accounts |
Call Schwab Bank at 888-403-9000 to request a cashier’s check |
1 or more business days depending on delivery method |
$10 |
| Deposit funds into your Schwab Bank High Yield Investor Checking accounts |
Mail a check to Schwab Bank for deposit. |
Varies depending on delivery method |
$0 |
| Wire Transfers |
How It Works |
Time Required |
Cost |
| From your Schwab Bank High Yield Investor Checking accounts |
- Call Schwab Bank at 888-403-9000 to set up a wire transfer out of your High Yield Checking account.
- International transfers are not available.
|
0–1 business day |
$25 |
| Into your Schwab Bank High Yield Investor Checking accounts |
- Call Schwab Bank at 888-403-9000to set up a wire transfer into your High Yield Checking account.
- International transfers are not available.
|
Depends on sending institution |
Depends on sending institution |
Build your portfolio at your own pace.
- Automatically invest as little as $100, as often as you like.
- There are no set-up fees, and no penalties if you pause or cancel the plan at any time.
- Choose from any fund on Schwab's Mutual Fund OneSource Select List®, our experts' top picks.
Sign up for AIP once you’ve received your account number.
Current Schwab client? or
download the application.
Charles Schwab & Co. Inc, member SIPC, recieves remuneration from fund companies participating in the Mutual Fund OneSourceTM service for record keeping and shareholder services and other administrative services. Schwab also may recieve remuneration from transaction fee fund companies for certain administrative services.
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.
Schwab Managed Portfolios™
Get a broadly diversified portfolio that combines professional management with the investment strategy and risk level that is right for you—at very competitive fees.
| Portfolio Type |
Features |
Minimums |
Annual Program Fees |
| ETFs |
- Professional management.
- Diversified portfolio of ETFs.
- 6 model portfolios with exposure to a broad range of asset types.
|
$25,000 |
- First $100,000: 0.90%
- Next $400,000: 0.75%
- Next $500,000: 0.65%
- Over $1,000,000: 0.50%
|
| Mutual Funds |
- Professional management.
- Diversified portfolio of mutual funds.
- 6 model portfolios with exposure to a broad range of asset types.
|
$25,000 |
- First $100,000: 0.90%
- Next $150,000: 0.70%
- Next $250,000: 0.50%
- Next $500,000: 0.30%
- Over $1,000,000: 0.20%
|
Other Portfolio Solutions
| Services |
Features |
Minimums |
Annual Management Fees |
| Fixed Income Managed Accounts |
Access short-term, intermediate, and long-term investment strategies from professional asset managers. |
$250,000 |
Starts at 0.65% |
| Equity Managed Accounts |
Access small-cap, large-cap, or international investment strategies from professional asset managers. |
$100,000 |
Starts at 1.35% |
Diversified
Managed Accounts |
Get the expertise of professional asset managers and the oversight of an overlay portfolio manager in a single, diversified account. |
$250,000–$650,000 |
Starts at 1.1% |
| Schwab Private Client™ |
A team of investment professionals helps you construct and manage a customized portfolio, but you still make all the final decisions. |
$500,000 |
- Starts at 0.75% for equities
- Starts at 0.50% for fixed income
|
| Schwab Advisor Network® |
Get a referral to a local independent advisor offering specialized expertise for complex situations and comprehensive wealth management. |
$500,000 |
- No charge for referrals
- Fees vary by advisor
|
| PIMCO Muni Bond Ladder Accounts |
Access professionally managed strategies that offer ongoing credit monitoring and income generation from municipal bonds. |
$250,000 |
Starts at 0.35% |
| Windhaven Portfolios™ |
Invest in Windhaven's globally diversified and dynamically managed portfolios primarily composed of ETFs. |
$100,000 |
Starts at 0.95% |
| ThomasPartners™ Dividend Growth Strategy |
Invest in a dividend growth strategy that strives to deliver monthly income, annual income growth, and long-term capital appreciation. |
$100,000 |
Starts at 0.90% |
Please read Schwab's Disclosure Brochure for important information and disclosures relating to Schwab Managed Portfolios, Schwab Managed Account Services, and Schwab Private Client.
Your account will be subject to a lower fee schedule than described in this brochure if (i) it is a retirement account subject to the Employee Retirement Income Security Act of 1974 or (ii) you or someone in your household (i.e., a person with the same last name living at the same address) opened an SMP account before January 1, 2013 and have continuously maintained at least one SMP account since the time of your initial SMP enrollment.
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
The PIMCO Municipal Bond Ladder strategies are available through Schwab’s Managed Account Connection™ program (“Connection”). Please read the Schwab Managed Account Services™ disclosure brochure for important information and disclosures relating to Managed Account Select® and Managed Account Connection™. In addition, please read PIMCO’s disclosure brochure, including any supplements, for important information and disclosures. Charles Schwab & Co., Inc. ("Schwab") and Pacific Investment Management Company LLC ("PIMCO") are separate and unaffiliated companies.
Please refer to Windhaven's Form ADV Part 2 for more information.
Windhaven Diversified Portfolios strategies are available through Schwab’s Managed Account Connection™ program (“Connection”). Please read Schwab’s disclosure brochure for important information and disclosures relating to Connection and Schwab’s Managed Account Services. Portfolio management is provided by Windhaven Investment Management, Inc. ("Windhaven"), a registered investment advisor. Windhaven and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
Please refer to ThomasPartners Form ADV, Part 2A, for more information.
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.
Portfolio management is provided by ThomasPartners, Inc. ("ThomasPartners"), a registered investment advisor and an affiliate of Charles Schwab & Co., Inc. ("Schwab").
Both versions of the ThomasPartners Dividend Growth Strategy are available through the Schwab Managed Account Connection® ("Connection") program. Please read Schwab's disclosure brochure for important information and disclosures relating to Connection and Schwab Managed Account Services™. Schwab makes available other equity strategies in its managed account programs that focus on dividend-paying stocks, including strategies that are managed by firms that are unaffiliated with Schwab.
