1. There are certain eligibility requirements for working with a dedicated Financial Consultant.
Please read the Schwab Intelligent Advisory™ disclosure brochure for important information
about this program.
Schwab Intelligent Advisory™ is made available through Charles Schwab & Co., Inc.
(“Schwab”), a dually registered investment advisor and broker-dealer. Portfolio management services for
Schwab Intelligent Portfolios® are provided by Charles Schwab Investment Advisory, Inc. (“CSIA”),
a registered investment advisor. Please refer to the disclosure brochures for details about Schwab Intelligent
Advisory. Free credit balances are swept into deposit accounts at Charles Schwab Bank (“Schwab Bank”).
Brokerage products and accounts are offered by Schwab, Member SIPC. Deposit and lending products are
offered by Schwab Bank, Member FDIC and an Equal Housing Lender.
Schwab Intelligent Advisory charges no commissions or account service fees. Schwab affiliates do earn more revenue from the
underlying assets in Schwab Intelligent Portfolios accounts. The revenue comes from managing Schwab ETFs™ and providing services relating to certain third party ETFs that can be selected for the portfolio, and
from the cash feature on the accounts. Revenue may also be received from the market centers where ETF
trade orders are routed for execution.
Windhaven strategies and ThomasPartners strategies are available through Schwab’s Managed Account Connection® program. Please
read Schwab’s disclosure brochure for important information and disclosures relating to Schwab Managed
Account Connection and Schwab Managed Account Services™.
Portfolio management for Windhaven and ThomasPartners is provided by Windhaven investment Management, Inc., and ThomasPartners,
respectively. Both are registered investment advisors and affiliates of Charles Schwab & Co., Inc.
Windhaven’s risk management process includes an effort to monitor and manage risk, but should not be confused with (and does
not imply) low risk or the ability to control risk.
The Managed Account Select 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 investment portfolio. Services may
vary depending on which money manager you choose and are subject to a money manager's acceptance of the
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.
Please read Schwab’s SMP Disclosure Brochure for important information and disclosures relating to Schwab Managed Portfolios.
Portfolio management for Schwab Managed Portfolios is provided by Charles Schwab Investment Advisory, Inc. ("CSIA"), an affiliate
of Charles Schwab and Co., Inc. ("Schwab").
Please read the Schwab Private Client and the Schwab Private Client Investment Advisory, Inc. Disclosure Brochures for important
information and disclosures about SPC. Portfolio management for SPC is provided by Schwab Private Client
Investment Advisory, Inc., a registered investment advisor and an affiliate of Schwab.
Schwab Advisor Network member advisors are independent and are not employees or agents of 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.
Please read the Schwab Intelligent Portfolios Disclosure Brochures for important information, pricing, and disclosures relating
to Schwab Intelligent Portfolios.
Schwab Intelligent Portfolios charges no advisory fees. Schwab affiliates do earn revenue from the underlying assets in Schwab
Intelligent Portfolios accounts. This revenue comes from providing advisory and other services to Schwab
™ and providing services relating to certain third-party ETFs that can be selected for
the portfolio, and from the cash feature on the accounts. Revenue may also be received from the market
centers where ETF trade orders are routed for execution.
Schwab Intelligent Portfolios is made available through Schwab Wealth Investment Advisory, Inc. (“SWIA”), a registered investment
advisor. Portfolio management services are provided by Charles Schwab Investment Advisory, Inc. (“CSIA”).
SWIA and CSIA are affiliates of Charles Schwab & Co., Inc. (“Schwab”) and subsidiaries of The Charles
If you are not completely satisfied for any reason, at your request Charles Schwab & Co., Inc. ("Schwab") or Charles
Schwab Bank ("Schwab Bank"), as applicable, will refund any eligible fee related to your concern within
the timeframes described below. Two kinds of "Fees" are eligible for this guarantee: (1) asset-based
"Program Fees" for the Schwab Private Client ("SPC"), Schwab Managed Portfolios ("SMP"), Schwab Intelligent
Advisory ("SIA"), 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 and the Schwab Bank Deposit Account Pricing Guide (together, "Account
Fees"). Program Fee refund requests must be received no later than the next calendar quarter after the
Fee was charged. Account Fee refund requests must be received within one year of the date that the Fee
Program Fees are calculated as a percentage of eligible assets in Participating Service accounts. 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 investment advisors
affiliated with Schwab: Windhaven Investment Management, Inc., ThomasPartners, Inc., and Charles Schwab
Investment Management, Inc. 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 SPC,
SMP, SIA 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.
If at any time you are not completely satisfied with Schwab Managed Portfolios, at your request we’ll refund the program
fee for the previous calendar quarter. The program fee is a percentage of the eligible assets in your
Schwab Managed Portfolios account(s). You will receive a credit to your Schwab Managed Portfolios account(s)
within approximately four weeks of your request. No other fees, commissions, charges, expenses, or market
losses will be refunded. If we are unable to address your concerns after consulting with you and refunding
your fee, we will help you find a more appropriate program or solution. Schwab reserves the right to
change this guarantee in the future after providing notice. For additional information regarding program
fees, please see the Schwab Managed Portfolios account application or Individual Retirement Account application,
available at the time you enroll or upon your request. Guarantee is effective as of July 21, 2006.