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Compensation and Advice Disclosures

Investment Professionals' Compensation


How We Compensate Our Investment Professionals

Since Charles Schwab & Co., Inc. ("Schwab") was founded more than 40 years ago, we've been committed to serving the needs of individual investors. One of our most important beliefs is that you should understand how the financial professionals assisting you are paid, so you can evaluate the recommendations you receive.

On these pages, we identify the different categories of investment professionals who may serve you at Schwab and describe how they are compensated. This includes both Schwab employees and independent branch franchisees (and their employees) operating Schwab Independent Branches.

Certain representatives who demonstrate exceptional performance during the year may also be eligible to earn an annual trip through Schwab's Chairman's Club, or other awards. Schwab may develop additional recognition events or programs from time to time.

Please note that the information below describes how Schwab pays employee professionals and shares revenue with Independent Branch professionals, not how you pay Schwab for the services you receive. Information about what you pay Schwab for the services we provide can be found at

Recent Changes

These pages summarize our compensation plans and incorporate all recent changes in effect as of October 1, 2018, including changes to how we pay Schwab Financial Consultants.

We invite you to read this information carefully and to contact us at 800-435-4000 if you have any questions. (For multilingual services, call 800-662-6068. For services outside the U.S., call +1-415-667-8400.

Types of Investment Professionals

  • U.S. Branch Representatives

    • VP–Financial Consultants
    • Associate Financial Consultants
    • Client Relationship Specialists
    • Financial Consultant Partners
    • VP–Branch Managers
  • Specialty Representatives (Phone-Based)

    • Investor Development Specialists
    • Financial Consultants (Participant Investor Concierge)
    • VP–Financial Consultants (Executive Services)
    • VP–Financial Consultants (Regional Branch)
    • Client Relationship Specialists
    • Advice Consultants
    • Trading Solutions Representatives
    • Fixed Income Specialists
    • Insurance Services Annuity Specialists
    • Portfolio Solutions Group Investment Consultants
  • International Branch Representatives

    • International VP–Financial Consultants
    • International – Branch Managers
  • Service Representatives

    • Customer Service and Brokerage Service Representatives
  • Schwab Independent Branch Services Representatives

    • Independent Branch Leaders
    • IB Representatives

Certain Charles Schwab Affiliates