Amendments to the Following Account Agreements
Schwab One® Account
Schwab IRA and ESA Account
Schwab 403(b)(7) Account
Schwab Retirement Plan Brokerage Account
Schwab Individual 401(k) Account
Schwab Global Account™
This document highlights certain changes to the previous versions of the following Account Agreements: Schwab One® Account ("Schwab One"), Schwab Account ("Schwab Account"), Schwab Individual Retirement Account and Education Savings Account ("Schwab IRA and ESA"), Schwab 403(b)(7) Account ("Schwab 403(b)(7)"), Schwab Retirement Plan Brokerage Account ("Schwab RPB"), Schwab Individual 401(k) Account ("Schwab Individual 401(k)"), and Schwab Global Account™ ("Schwab Global").
These amendments, which include both changes to and clarifications of existing language, apply to individual investor accounts and accounts managed by independent investment advisors, unless otherwise noted.
These amendments and clarifications replace and supersede all previously published portions of the Account Agreements to which they apply. In the event of any inconsistency or conflict between the terms of these amendments and clarifications and the terms of your existing Account Agreement(s), the terms set forth in this document govern.
Please review this document carefully.
If you have questions about the information contained in this document or about any of our products and services, call your Schwab representative at 1-800-435-4000. If your account(s) is managed by an independent investment advisor, please contact your advisor directly or call Schwab Alliance at 1-800-515-2157. International clients, call +1-415-667-8400.
For a current copy of your Account Agreement, please visit Schwab.com. If your account is managed by an independent investment advisor, visit schwaballiance.com. International clients, visit international.schwab.com. U.K. or Swiss clients, visit schwab.co.uk.
Schwab One®, Schwab Account, Schwab IRA and ESA, Schwab 403(b)(7), Schwab RPB, Schwab Individual 401(k), and Schwab Global
I. Investment Advice.
Add as the fifth bullet:
"Unless we otherwise agree with you in writing, Schwab does not monitor your account(s) or investments and has no obligation to update any investment recommendation, financial advice, or financial plan we may give you. Such recommendation, financial advice, or financial plan only applies at the point in time we provide it to you."
Replace the section:
"The Schwab Global Account™ consists of Brokerage Services, including trading international securities on international markets and foreign currency exchanges to facilitate international trading, as determined by us. Your Schwab Global Account™ will be associated with a Schwab One® Brokerage Account, which is governed by the Schwab One® Account Agreement."
III. Definitions. ADR:
Delete the entry.
IV. Brokerage Services. Rules and Regulations:
Replace the first sentence in the second paragraph.
"You will be able to transact on the foreign exchanges."
V. Brokerage Services. Global Trading—Equities: Foreign Securities Traded in the United States or Traded in Foreign Markets Using U.S. Symbology:
Delete the section.
Independent investment advisors are not owned by, affiliated with, or supervised by Charles Schwab & Co., Inc. ("Schwab"). Certain investment advisors, such as Charles Schwab Investment Advisory, Inc. ("CSIA") and Schwab Private Client Investment Advisory, Inc., are affiliated with Schwab. Windhaven Investment Management ("Windhaven") and ThomasPartners Investment Management ("ThomasPartners") are divisions of CSIA.