NOTICE REGARDING SCHWAB PRIVATE CLIENT INVESTMENT ADVISORY, INC.'S ANNUAL INDEPENDENT AUDITOR REPORT
This notice applies to current or former clients of the Schwab Private Client ("SPC") service.
Schwab Private Client Investment Advisory, Inc. ("SPCIA") is an affiliate of Charles Schwab & Co., Inc. and a registered investment advisor that acts as the non-discretionary portfolio manager to accounts enrolled in SPC and, in particular, as the fiduciary advisor to retirement accounts enrolled in the SPC service.
SPCIA's advice arrangement for retirement accounts is audited annually by an independent auditor for compliance with the requirements of the exemptions and related regulations relied on by SPCIA, pursuant to sections of the Employee Retirement Income Security Act and the Internal Revenue Code and regulations thereunder, as explained more fully in the SPCIA Disclosure Brochure.
The independent auditor's most recent report is available online and accessible to Schwab clients at www.schwab.com/spciareport. If you don't have access to this site or if you would like to receive an electronic or a paper copy of the report at no cost, please contact us at 888-672-4922.
Please read the Schwab Private Client and the Schwab Private Client Investment Advisory, Inc. Disclosure Brochures for important information and disclosures about the SPC service.