Schwab Private Client Services and Schwab Private Wealth Services Program Details
The associated benefits of Schwab Private Client Services ("SPCS") and Schwab Private Wealth Services ("SPWS") are made available by Charles Schwab & Co., Inc. ("Schwab") according to business criteria that may change at any time at Schwab's sole discretion without notice.
Qualifying household assets
Schwab Private Client Services and Schwab Private Wealth Services qualifying household assets are based on Schwab brokerage and Schwab Bank combined account balances, including:
a) Brokerage accounts in which the client(s) is an owner, trustee, or custodian;
b) Traditional, Roth, and Rollover Individual Retirement Accounts (IRAs)—individually owned or inherited (excludes Educational and Custodial IRAs);
c) Bank accounts in which the client(s) is an owner or trustee: checking and savings;
d) Non-Retirement Business Corporation, LLC, Partnership, and Sole Proprietorship accounts may be eligible depending on the client's ownership and role (excludes certain business retirement accounts).
Whenever you open a new account, we automatically search for and link qualified accounts of persons with the same last name at the same home address, including accounts held at certain Schwab affiliates. Once all of your household's account balances and activities are combined, you and your qualified family members may qualify for certain discounts, fee waivers, or other benefits that can come with some of our products and services.
Qualified family members include spouses, domestic partners, parents, stepparents, children, stepchildren, siblings, stepbrothers, stepsisters, grandparents, grandchildren, and their spouses. Please review the Charles Schwab Pricing Guide for Individual Investors for more information about households and current pricing. If you believe our automatic linking process may have missed an account within your household, including relatives with different last names, please contact your Financial Professional.
Household Enrollment and Maintaining Eligibility
Clients in households with more than 1 million dollars in qualifying assets at Schwab will be enrolled in SPCS and automatically get access to the program's services and benefits.
Clients in households with more than 10 million dollars in qualifying assets at Schwab will be enrolled in SPWS and automatically get access to the program's services and benefits.
Households are enrolled for a minimum of 12 months before being re-evaluated for continued eligibility based on qualifying assets. However, if a material change occurs during this period, the household will be reviewed at that time. Clients within a household are subject to the household's enrollment period and may not be enrolled for a full 12 months if the household they are included in was previously enrolled in the program.
If you no longer meet the qualifications for the SPCS or SPWS programs based on your household assets, you may be removed from the program which could result in a loss of benefits such as fee waivers. If there is a material change in a client's household, the household will be re-evaluated for on-going program eligibility, and clients may be removed from either the SPCS or SPWS program without notification.
Material changes include:
- A client moving to a different household (typically due to a change of address).
- A client being added to a household (usually triggered by a change of address or name).
Schwab Consultants
Schwab employees and associates include various types of investment professionals that are compensated differently, from Financial Consultants to Wealth Consultants. We provide the full list of investment professionals and how they're compensated on our website. Please note that there are certain eligibility requirements for working with a dedicated Financial Consultant.
Access specialists
As part of this program, Schwab clients have access to specialists that provide advice on more complex issues including legal, tax, and retirement strategies. This access is part of the complimentary program, but payment for their services beyond the initial consultation is not.
International Clients
Not all products, services, or investments are available in all countries. Nothing on this website is intended for residents of a particular country, nor is the information provided an offer to sell or a solicitation of an offer to buy securities, products or services, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
Investing in U.S. securities is not without risk. Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost.