| Mutual funds | ETFs | Managed Account Select | |
|---|---|---|---|
| Account funding | Cash | Cash | Cash or securities |
| Minimum investment at Schwab | As low as $1 | One share |
Equities: Typically $100,000 Fixed income: Typically $250,000 Balanced: Typically $250,000 |
| Fee structure | Flat asset-based fee (Other fees such as transaction fees, operating expenses, and commissions [loads] may apply.) | Flat asset-based fee (Other fees such as transaction fees, operating expenses, and commissions [loads] may apply.) |
Tiered, asset-based fee3 (No trading or transaction fees.) Fees start at: Equities: 1.00% Fixed Income: 0.65% Balanced: 0.95% Bond Ladders: 0.45%
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