Specific considerations for Retirement Investors and Retirement Accounts.

If you are a Retirement Investor¹ and a Schwab representative is giving you investment advice (as defined under the Employee Retirement Income Security Act, or "ERISA") about your Retirement Account(s)², we are fiduciaries within the meaning of Title I of ERISA and/or the Internal Revenue Code, as applicable, which are laws governing Retirement Accounts.

This acknowledgment does not create an ongoing duty to provide advice or monitor your accounts; please reference your contract with us in connection with any obligation to provide ongoing services. This acknowledgement does not create new causes of action under state or federal law, nor does it mandate or create enforceable contractual commitments, or expand upon the remedial provisions of ERISA or the Internal Revenue Code.

If you want professional assistance in monitoring your Retirement Account, you can consider one of our portfolio management services that provides this type of ongoing support. For more information about those services, go to the Investment Advisory Relationship Summary (Form CRS-IA).

When providing fiduciary investment advice for Retirement Accounts, Schwab and its representatives will:

• Meet a professional standard of care (i.e., give prudent advice that we believe is in your best interest).
• Never put our financial interests ahead of yours.
• Give straightforward and accurate information about conflicts of interest, fees, and investments, and avoid any misleading statements.
• Charge only reasonable fees for our services. We measure reasonableness by reviewing the value of our services and comparing market prices for similar services.

In addition to the information provided on this page, all of the information about fees, material limitations, and conflicts of interest found on Limitations and Conflicts and in our Best Interest Disclosure also applies to Retirement Accounts.