SWAI Audit

NOTICE REGARDING SCHWAB WEALTH ADVISORY, INC.'S ANNUAL INDEPENDENT AUDITOR REPORT

This notice applies to current or former clients of the Schwab Wealth Advisory ("SWA") service.

Schwab Wealth Advisory, Inc. ("SWAI") 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 SWA and, in particular, as the fiduciary advisor to retirement accounts enrolled in the SWA service.

SWAI'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 SWAI, pursuant to sections of the Employee Retirement Income Security Act and the Internal Revenue Code and regulations thereunder, as explained more fully in the SWAI Disclosure Brochure.

The independent auditor's most recent report is available online and accessible to Schwab clients at www.schwab.com/swaireport. 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.

Portfolio Management provided by Schwab Wealth Advisory, Inc., a Registered Investment Adviser and affiliate of Charles Schwab & Co., Inc. (Schwab). Please read the Schwab Wealth Advisory and the Schwab Wealth Advisory, Inc. Disclosure Brochures for information and disclosures about this program. The Wealth Advisor, Associate Wealth Advisor, and other representatives making investment recommendations in your Schwab Wealth Advisory accounts are employees of Schwab Wealth Advisory, Inc.