November 24, Asset Security with Charles Schwab & Co. Inc.
|
|
- Clyde Lawrence
- 6 years ago
- Views:
Transcription
1 November 24, 2008 Re: Asset Security with Charles Schwab & Co. Inc. In light of ongoing turbulence in the financial markets and in response to questions and concerns you may have, your advisor asked us to provide the enclosed materials to you about the safety of your assets held with Charles Schwab & Co. Inc. ( Schwab ). The safety of customer assets is of paramount importance to us and we believe that our framework contains multiple safeguards to protect them. To help explain them to you, we are enclosing a copy of an update on Schwab s Financial Strength, a brochure called You, Your Advisor and Schwab Institutional, and a document highlighting some concepts regarding measures in place designed to protect client assets. We know that the safety of your assets is a primary concern, and the protection of your assets is of the utmost importance to us. Should you have further questions or if you would like more information, please contact your advisor. Thank you, Schwab Institutional 2008 Charles Schwab & Co., Inc. (Schwab). All rights reserved. Member SIPC. Schwab Institutional is a division of Schwab. ( ) MKT
2 Schwab s Financial Strength With more than 30 years of helping individuals reach their savings and investment goals, The Charles Schwab Corporation is one of the nation s leading providers of financial services. Through our operating subsidiaries, we provide securities brokerage, banking, money management and financial advisory services to individual investors, independent investment advisors and corporate and retirement plan sponsors and participants. The Charles Schwab Corporation is financially strong, and we are committed to our continued financial health. Our capital structure and liquidity are sound, and our internal controls and business standards are designed to keep client assets safe. We maintain a disciplined focus on risk management and operate the firm conservatively to minimize the kind of investment risks that have troubled many other securities firms. We know that our success ultimately depends on how we serve all our clients and their confidence in us. Key financial data as of September 30, 2008 for The Charles Schwab Corporation: More than $4 billion in equity capital 1 Approximately $650 million of freely available cash 2 Long-term debt-to-equity ratio of 22% 1 $1.3 trillion in client assets 3 $24 billion in net new assets over the prior three months 3 Strong credit ratings from Moody s (A2), S&P (A) and Fitch (A) 4 A diversified investment portfolio 5 The Corporation maintains an $800 million committed, unsecured credit facility. Additionally, the Corporation has direct access to $1.0 billion in uncommitted, unsecured bank credit lines. 6 A track record of strong financial performance. For example, the Corporation s income from continuing operations during the first nine months of 2008 was up 13% over the same period last year. 7 While The Charles Schwab Corporation is not subject to specific statutory capital requirements, it is required to maintain capital that is sufficient to support the holding company and its subsidiaries business activities. Charles Schwab Bank is subject to specific capital requirements specified by federal banking laws and regulations. Charles Schwab Bank is considered well capitalized (the highest category) with a Tier 1 Capital Ratio of 16.0%, Total Capital Ratio of 16.2%, and a Leverage Ratio of 6.4%. 8 1 Condensed Consolidated Balance Sheet, The Charles Schwab Corporation Quarterly Report on From 10-Q for the Period Ended September 30, 2008, at p.2. 2 Incorporated within "Cash and cash equivalents" in the Condensed Consolidated Balance Sheet, The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p Management's Discussion and Analysis of Financial Condition and Results of Operations, The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at pp The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p Notes to Condensed Consolidated Financial Statements, The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p. 12.
3 For Charles Schwab & Co., Inc. (the brokerage subsidiary of The Charles Schwab Corporation): Net capital of $1.1 billion ($882 million in excess of the regulatory minimum) 9 For Charles Schwab Bank (the banking subsidiary of The Charles Schwab Corporation): $23.7 billion in assets and $5.3 billion in outstanding mortgage and home equity lines of credit (HELOCs). 10 Strong credit quality of the Bank s portfolio of mortgages and HELOCs, with credit scores and loan-to-value ratios significantly better than industry averages, reflecting our solid underwriting discipline. 11 Payment delinquencies representing a very small fraction of outstanding loan balances (less than one-half of 1 percent) 12, substantially less than the national average delinquency rate of over 6.4%. 13 High-quality investment portfolio, including U.S. agency and non-agency mortgagebacked securities, corporate debt securities, asset-backed securities, and long-term certificates of deposit. No subprime securities or collateralized debt obligations (CDOs). Our Commitment to Our Clients Recent developments in the market point out the importance of choosing wisely among financial services firms. That s just one of the reasons our clients should continue to feel good about doing business with Schwab. We are highly focused on maintaining our financial health. We deeply appreciate and value the trust our clients have placed in us and look forward to continuing to help them achieve their financial goals. Financial results and more information about The Charles Schwab Corporation s business and financial condition can be viewed at any time at 9 Management's Discussion and Analysis of Financial Condition and Results of Operations, The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p Quarterly earnings press release for the period ended September 30, 2008, p First American CoreLogic, LoanPerformance data as of September Management's Discussion and Analysis of Financial Condition and Results of Operations, The Charles Schwab Corporation Quarterly Report on Form 10-Q for the Period Ended September 30, 2008, at p Mortgage Banker's Association National Deliquency Survey, 2008 Second Quarter. Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products offered by Charles Schwab & Co., Inc., Member SIPC, are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. Deposit and lending products and services are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender Charles Schwab & Co., All rights reserved. Member SIPC. SCH ( ) TEM44607 MKT (11/08)
4 November 24, 2008 Asset Security with Charles Schwab & Co., Inc. As a registered broker-dealer, Schwab is subject to the rules and regulations of the Securities and Exchange Commission ( SEC ), and those of other regulatory entities. The basic financial responsibility rules for brokerdealers are found in the SEC s net capital rule. These SEC regulations are designed to help ensure the financial strength and liquidity of broker-dealers and that sufficient reserves are accessible to broker-dealers as needed. Schwab maintains liquid capital well in excess of the required minimum to support client-related and/or firm-related activities. As disclosed in the Charles Schwab Corporation s latest Form 10-Q filed with the SEC, as of September 30, 2008, Schwab s net capital was $1.1 billion, which was $882 million in excess of the minimum required net capital. Complete financial results and more information about Schwab s business and financial condition can be viewed at Schwab is also subject to SEC Rule 15c3-3 (the Customer Protection Rule ). The Customer Protection Rule is in part designed to safeguard customers cash and securities and to facilitate liquidations of insolvent brokerdealers. Pursuant to the Customer Protection Rule, Schwab holds all clients securities that are fully paid for, as well as any excess margin securities, under the company s control. Fully paid securities generally include those securities deposited by a customer with a broker-dealer for safekeeping, securities purchased by a customer and left with the broker-dealer in street name, or securities purchased by a customer but which have not yet been delivered. Excess margin securities are those securities carried for a customer account whose market value exceeds 140% of the amount owed by the customer to the broker-dealer by virtue of a margin account. In accord with the Customer Protection Rule, Schwab compares the amounts held for customers or owed to customers (credits) with the amounts owed by customers to Schwab (debits). Pursuant to the Rule, the excess credits are deposited into a special reserve account kept for the benefit of Schwab customers. This reserve account is separate from all other firm accounts and maintained free of any direct or indirect lien of the brokerdealer. An additional protection is afforded by the Securities Investor Protection Corporation ( SIPC ), of which Schwab is a member. SIPC protects the securities of its members customers up to $500,000 (including $100,000 for claims for cash). However, SIPC protection does not cover fluctuations in the market value of securities. Account protection is also not provided for the accounts of banks or broker-dealers maintained from their own account. An explanatory brochure is available upon request from SIPC or may be found at To the extent that SIPC cannot make customers whole, Schwab has an Excess SIPC policy through Lloyd s of London (discussed below), which will then provide excess coverage. In the unlikely event that SIPC protections are needed, we believe you can derive confidence from SIPC s track record, given the very high percentage of client assets that are recovered during liquidation. SIPC estimates that no fewer than 99 percent of persons who are eligible have been made whole in the failed brokerage firm cases that it has handled from its creation in 1970 through December, (For more information about SIPC s track record, please visit However, please note that SIPC s account protection does not cover fluctuations in the market value of clients securities. Another safeguard for the security of client assets consists of additional excess SIPC protection is provided through Schwab s policy with underwriters at Lloyd s of London. Under the policy Schwab has with Lloyd s, excess SIPC protection for Schwab clients is provided to an aggregate of $600 million of securities and cash for all clients. The combined return to any client from a trustee, SIPC and Lloyd s is $150 million, including cash of up to $1 million. This additional protection becomes available in the event that SIPC limits are exhausted Charles Schwab & Co., Inc. (Schwab). All rights reserved. Member SIPC. Schwab Institutional is a division of Schwab. ( ) MKT
5 If your assets were held in custody by Schwab, eligible cash and securities (such as stocks and bonds) held by you in those accounts would be protected by SIPC, as described above. Some investments are ineligible for SIPC protection, such as commodity futures and currency, as well as investment contracts (such as limited partnerships) that are not registered with the Securities and Exchange Commission under the Securities Act of More information is available from SIPC, at Schwab s policy with Lloyd s of London would provide additional protection for assets in custody with Schwab Charles Schwab & Co., Inc. (Schwab). All rights reserved. Member SIPC. Schwab Institutional is a division of Schwab. ( ) MKT
6 A Winning Relationship: You, Your Advisor and Schwab Institutional
7 When the expertise of your advisor is combined with When the expertise of your advisor custody at Schwab, we share a common objective: is combined with custody at Schwab, to protect and grow your assets we share a common objective: to protect and grow your assets IN THIS GUIDE: Working together for you... 2 Full range of investment strategies and trading services... 4 Wealth management services... 5 Safeguards designed to protect your assets... 6 Schwab s internal standards... 7 Technology and service support for your advisor... 8
8 With the variety of investment alternatives available today, choosing to work with an independent investment advisor can provide the financial expertise, portfolio guidance and personalized relationship that many affluent investors seek. Selecting the right brokerage firm is an equally important decision. When you and your advisor place assets at Schwab, you ve chosen a custodian with experience in catering to the unique needs of independent advisors and their affluent clients. We focus on developing innovative products and services specifically designed to support the financial planning and portfolio management services advisors provide to affluent investors. Furthermore, we understand that you and your advisor need to feel confident in Schwab as the custodian of your assets. Therefore, Schwab is committed to meeting our industry s rigorous regulations and upholding our own stringent business standards to position our company for longterm financial health and stability. When the expertise of your advisor is combined with custody at Schwab, we share a common objective: to protect and grow your assets. 1
9 Working together for you When you and your advisor choose Schwab Institutional as a custodian, your advisor has access to comprehensive services from one of the most experienced firms in the business. Schwab was a pioneer in the business of exclusively serving independent, fee-based investment advisors and their clients. More than 5,500 advisors currently look to Schwab as the institution of choice for their affluent clients. More than 1,800 employees are dedicated to providing responsive custody, trading and operational support that can help your investment advisor deliver timely, quality service to you. More than 1.7 million client accounts are custodied at Schwab, representing over $570 billion in assets managed by investment advisors. With this depth of experience and resources, we are able to provide a wide range of products and services to help you and your advisor work toward your financial goals. 2 Statistics as of 06/30/2008
10 We begin each day with one goal: to help your investment advisor serve you better 3
11 Full range of investment strategies and trading services Your advisor can leverage Schwab Institutional s depth of investment products, experienced traders and the flexibility to access investment alternatives throughout the financial community to make appropriate choices for your unique investment situation. Because we focus on service, not sales, the trades your advisor places on your behalf are handled by an institutional trading team whose priorities are to represent your best interests and deliver quality execution. Equities Schwab Institutional equity specialists have access to all major national and regional exchanges. If your advisor trades listed or over-the-counter stocks, large orders or thinly traded issues, Schwab specialists are available to help with the order, striving to obtain the best price. Fixed income If your advisor recommends government, corporate or municipal bonds, a Schwab fixed income specialist works to locate the most favorable combination of rates and maturities. Mutual funds If your portfolio includes mutual funds, your advisor can work with Schwab Institutional s mutual fund trading desk, eliminating the need to contact each fund family separately. Schwab s Mutual Fund Marketplace offers: 1 One-stop access to nearly 14,000 mutual funds. More than 500 well-known fund families. More than 6,500 funds available exclusively to investment advisors. Institutional Share Classes with lower operating expenses than retail equivalents. Flexibility and convenience To help you take advantage of resources throughout the investment community, your investment advisor can place trades with other brokerage firms through Schwab s Prime Brokerage and Trade Away services. With these trading and investment advantages, you can experience the convenience of a single custodian, Schwab, rather than establishing multiple accounts at a number of brokerage firms. 1 Investors should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling Please read the prospectus carefully before investing. Statistics as of 06/30/ Charles Schwab & Co., Inc., member SIPC, receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.
12 Wealth management services If you are seeking additional investment solutions to address your complex financial situation, your advisor can help by selecting from our array of wealth management services. Managed account services, helping you and your advisor to leverage the expertise of institutional-caliber money managers who specialize in particular investment styles. Tax-advantaged college savings and charitable giving plans. Tax-deferred earning opportunities through variable annuities. 2 Individualized hedging strategies for concentrated equity holdings. Restricted stock transfer and filing services. Custody services and assistance with purchases of alternative investments. A complete portfolio picture To help you quickly and easily review your portfolio s progress, we consolidate your account transactions into a periodic statement that shows both an overall summary and line-by-line detail at the transaction level. 2 A variable annuity s value will fluctuate depending on the underlying investment. An investor s units, when redeemed, may be worth more or less than the original amount invested. Variable annuities are registered securities that are sold by prospectus only and available by contacting your investment advisor. The prospectus contains details on subaccounts, contract features, fees, expenses and other pertinent information. Please read the prospectus carefully before investing. Withdrawals of taxable amounts will be subject to income tax and if taken prior to age 59 1/2, a 10% penalty may apply. 5
13 Safeguards designed to protect your assets Schwab believes that asset security measures, those required by our industry s regulators and the additional levels we elect to offer, can provide the protection investors seek when choosing a custodian. Compliance with governmental mandates As a registered broker/dealer, Schwab is subject to the rules and regulations of the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Municipal Securities Rulemaking Board and all other exchanges of which Schwab is a member. These regulatory entities have established financial responsibility rules designed to help safeguard client assets. Accurate company financial reports SEC Rule 17a-5 requires all registered broker/dealers to routinely file periodic reports regulatory and surveillance information providing accurate detail of their current financial and operational condition. Schwab files these reports both monthly and quarterly for full disclosure of the state of our company. Charles Schwab & Co., Inc., SIPC Coverage Protection for securities and cash by the Securities Investor Protection Corporation (SIPC): Accounts of Charles Schwab & Co., Inc. (including those held by clients of investment advisors with Schwab Institutional), are insured by SIPC for securities and cash in the event of broker-dealer failure. SIPC provides up to $500,000 of protection for accounts that clients of advisors hold in each separate capacity (e.g., joint tenant or sole owner), with a limit of $100,000 for claims of uninvested cash balances. More information about SIPC coverage is available at Additional Insurance Coverage Additional brokerage insurance is provided to Charles Schwab & Co., Inc., accounts through underwriters at Lloyd s of London. Schwab s coverage with Lloyd s provides protection of securities and cash up to an aggregate of $600 million, and is limited to a combined return to any customer from a Trustee, SIPC and Lloyd s of $150 million, including cash of up to $1 million. This additional protection becomes available in the event that SIPC limits are exhausted. 6 Note: SIPC and excess SIPC protection do not cover fluctuations in the market value of securities, and are not extended to accounts held by banks or broker-dealers maintained from their own account.
14 Schwab s internal standards We understand that investors want to feel confident that their assets have been placed with a company that is financially healthy. To that end, we set aggressive business standards designed to position our company for long-term health and stability. Strict business practices We strive to remain our investors strongest financial resource through business practices that place an emphasis on: Prudent expense management We keep a close eye on operational expenses to prudently manage our company. In a difficult market environment, we adjust expenses where necessary on a quarterby-quarter basis. Diversified revenue mix By increasing our reliance on fee-related services and balance-related incomes, rather than trading commissions, we strive to increase the stability of our revenues during fluctuating market conditions. Schwab s commitment to privacy Our most important asset is our relationship with you and your advisor. Recognizing that, Schwab has a privacy policy that applies to consumers who are current or former Schwab brokerage clients. Our privacy policy assures that your personal information is never sold and is only shared with third parties in the very limited circumstances allowed or required by law. Details of our approach to privacy and how personal information is collected and used are explained in the Schwab Privacy Policy. 7
15 Technology and service support for your advisor Our industry-leading technology and service has been designed to help your advisor cater to your investing needs. Industry-leading technology Our sophisticated technology helps your advisor stay connected to quotes, commentary, account and position data, and trading capabilities, helping them quickly access your portfolio and make informed decisions. Dedicated support teams Our network of service teams are dedicated to supporting every aspect of the investment management services your advisor provides to you. Trading and operations experts, technology consultants and account managers provide trading assistance, account management and strategic information to keep your advisor up-to-date on how to maximize Schwab Institutional services for your benefit. We re here to serve you Whether you prefer to do business in person, on the phone or online, Schwab provides resources to support you and your investment advisor. Ask your advisor about other services and benefits available to you as a client of Schwab Institutional. Together with your advisor, we are committed to your financial success. 8
16 Together with your advisor, we are committed to your financial success
17 Printed on 30% post-consumer recycled paper. Schwab is committed to making responsible choices for our environment Charles Schwab & Co., Inc. ( Schwab ). Member SIPC. All rights reserved. Schwab Institutional is a division of Schwab. TWI3614 ( ) MKT (09/08)
A winning relationship
A winning relationship For clients of independent investment advisors You, your advisor, and Schwab Advisor Services Your advisor s expertise and Schwab s custody services come together to help protect
More informationA winning relationship. You, your advisor, and Schwab
A winning relationship You, your advisor, and Schwab Your advisor s expertise and Schwab s custody services come together to help protect your assets and support your investment goals. In this guide: An
More informationA trusted provider of banking services
A trusted provider of banking services Schwab Bank provides some of the highest levels of safety and security available to protect your clients assets. Visit schwab.com/bankforinvestors to learn more about
More informationCharles Schwab Bank Collective Trust Funds CUSIP Details
Charles Schwab Bank Collective Trust s Details Schwab Indexed Retirement Trust s Schwab Indexed Retirement Trust 2010 I 808518583 Schwab Indexed Retirement Trust 2015 I 808518575 Schwab Indexed Retirement
More informationForm ADV Part 2A Brochure
Form ADV Part 2A Brochure Heritage Financial Services 100 Lowder Brook Drive, Suite 1000 Westwood, MA 02090 Phone: 781-255-0214 Fax: 781-255-0627 www.heritagefinancial.net This brochure provides information
More informationThe strength of partnership
ABOUT LPL FINANCIAL The strength of partnership supporting FINANCIAL advisors who serve you the need for objective advice has never been greater Amid an ever-changing investment landscape, investors need
More informationEarning Your Trust. Sharing Your Vision. What Matters to You Matters to Us
Earning Your Trust. Working Towards Your Success. Sharing Your Vision. What Matters to You Matters to Us Relationships are an integral part of the social and business fabrics that form our lives. The depth
More informationOur firm and Fidelity synergy at work for you
Our firm and Fidelity synergy at work for you As your financial advisor, we re expected to make decisions about your money based on the highest degree of scrutiny. You can be assured that we use the same
More informationABOUT LPL FINANCIAL. The strength of partnership
ABOUT LPL FINANCIAL The strength of partnership supporting FINANCIAL advisors who serve you the need for objective advice has never been greater Amid an ever-changing investment landscape, investors need
More informationSavings Plus offers a self-directed brokerage account option for investors
Schwab Personal Choice Retirement Account (PCRA) Booklet Savings Plus Contact Information sppforu.com Customer Service Hours 5:00 a.m. - 8:00 p.m. 866-566-4777, *0 Voice Response System 866-566-4777 TTY
More informationThe Schwab 529 College Savings Plan
The Schwab 529 College Savings Plan Rely on Schwab s expertise to help you plan for your child s college education. Maximize the benefits of a 529 Plan What is a 529 Plan? A 529 Plan is a state-sponsored,
More informationImportant Account Disclosures. March 29, 2018
Important Account Disclosures March 29, 2018 Rev. 03/29/2018 Table of Contents USA PATRIOT Act Notice... 3 Understanding Brokerage and Investment Advisory Relationships... 3 Cash Sweep Program... 5 Dividend
More informationMeeder Asset Management, Inc.
Meeder Asset Management, Inc. Wrap Fee Program Brochure Form ADV Part 2A Appendix 1 6125 Memorial Drive Dublin, Ohio 43017 (800) 325-3539 www.meederinvestment.com March 1, 2019 This wrap fee program brochure
More informationSchwab Personal Choice Retirement Account (PCRA)
Schwab Personal Choice Retirement Account (PCRA) Savings Plus offers a self-directed brokerage account option for investors who may want to direct investments to a wider variety of options other than those
More informationCapital Fiduciary Advisors, LLC Part 2A of Form ADV The Brochure
Capital Fiduciary Advisors, LLC Part 2A of Form ADV The Brochure 1800 Robert Fulton Drive, Suite 110, Reston, VA 20191 www.capitalfiduciaryadvisors.com Updated: March 2018 This brochure provides information
More informationInvestment solutions designed exclusively for qualified retirement plans
Investment solutions designed exclusively for qualified retirement plans For nearly 20 years, Charles Schwab Bank has been an innovator in creating investment solutions for qualified retirement plans.
More informationForm ADV Part 2A Private Wealth Solutions SM Program Wrap Fee Program Brochure
Form ADV Part 2A Private Wealth Solutions SM Program Wrap Fee Program Brochure SEC File Number 801-34910 UBS Asset Management (Americas) Inc. 1285 Avenue of the Americas New York, NY 10019 (212) 821-3000
More informationSEC Number: ADVISORY SERVICES WRAP FEE PROGRAMS DISCLOSURE BROCHURE
ADVISORY SERVICES WRAP FEE PROGRAMS SEC Number: 801-43561 October 31, 2018 DISCLOSURE BROCHURE This Brochure provides information about the qualifications and business practices of Century Securities Associates,
More informationMcMahon Financial Advisors Wrap Fee Program
McMahon Financial Advisors Wrap Fee Program Sponsored By 650 Washington Road, Suite 1000 Pittsburgh, PA 15228 (412) 343-8700 www.mfa-wealth.com March 27, 2018 This brochure provides information about the
More informationUBS Select for Corporate Retirement Plans Platform
UBS Select for Corporate Retirement Plans Platform Important information and disclosures for plan fiduciaries The UBS Select for Corporate Plans Platform is a brokerage arrangement offered by UBS Financial
More informationDiversified Managed Allocations
Diversified Managed Allocations Multi-strategy portfolios with a focus on flexibility Is this program right for you? DMA is designed for investors who: Want experienced, professional money managers to
More informationFirm Brochure Parkland Boulevard, Suite 306 Mayfield Heights, Ohio, (216)
Firm Brochure This brochure provides information about the qualifications and business practices of St. Clair Advisors, LLC. If you have any questions about the contents of this brochure, please contact
More informationCash Sweep Program Disclosure Statement
Summary Please consult the full text of the disclosure statement below for further information at the pages indicated. How the Cash Sweep Program Works Available Sweep Options Our Cash Sweep Program allows
More informationAdding exchange traded funds to your retirement offering
Adding exchange traded funds to your retirement offering Exchange-traded funds (ETFs) can feature low costs, transparency, and access to diverse asset categories, making them a great option for 401(k)
More informationWhat Matters to You Matters to Us
EARNING YOUR TRUST. WORKING TOWARDS YOUR SUCCESS. SHARING YOUR VISION. What Matters to You Matters to Us Relationships are an integral part of the social and business fabrics that form our lives. The depth
More informationTIAA Individual Advisory Services. Personalized financial advice for every stage of life
TIAA Individual Advisory Services Personalized financial advice for every stage of life Personalized solutions for your financial independence Find an advisor today. Go to TIAA.org/ individualadvisoryservices
More informationSeaCrest Wealth Management, LLC. Form ADV Part 2A Disclosure Brochure
Form ADV Part 2A Disclosure Brochure Effective: March 30, 2016 This Form ADV 2A ( Disclosure Brochure ) provides information about the qualifications and business practices of ( SWM or the Advisor ). If
More informationSchwab Private Client. Made for you.
Schwab Private Client Made for you. It starts with you. And stays that way. Welcome to Schwab Private Client, the proactive approach to wealth management you deserve. At its core is a dedicated team that
More informationBPU. Invested in Your Interests
BPU. Invested in Your Interests ONE OXFORD CENTRE 301 GRANT ST. SUITE 3300 PITTSBURGH, PA 15219 412-288-9150 WWW.BPUINVESTMENTS.COM Dear Clients: Early in November, you received a post card from us titled,
More informationLegacy s business activities have not changed materially since the time of the last filing.
Item 1 Cover Page Part 2A of Form ADV Brochure Legacy Wealth Management, Inc. 1715 Aaron Brenner Drive, Suite 301 Memphis, TN 38120 901-758-9006 www.legacywealth.com March 21, 2017 This Brochure provides
More informationUBS Select for Corporate Retirement Plans Platform
UBS Select for Corporate Retirement Plans Platform Important information and disclosures for plan fiduciaries The UBS Select for Corporate Plans Platform is a brokerage arrangement offered by UBS Financial
More informationRelationship Among a Firm Issuing Securities, the Underwriters and the Public
Investment Companies Relationship Among a Firm Issuing Securities, the Underwriters and the Public Four Phase of IPO The objectives of the chapter are to provide an understanding of: o o o o o o The market
More information(Rev 27-11/17) Cash Sweep Program Disclosure Statement
578326 (Rev 27-11/17) Cash Sweep Program Disclosure Statement Cash Sweep Program Disclosure Statement Summary Please consult the full text of the disclosure statement below for further information at the
More informationStrength you can trust
Strength you can trust RBC Wealth Management About RBC Royal Bank of Canada (RBC) is one of the world s leading diversified financial services companies. One that is distinguished by a long heritage of
More informationDeerfield Financial Advisors, Inc. Date of Brochure: March 2016
Form ADV Part 2A Firm Brochure Item 1 Cover Page 8440 Woodfield Crossing, #360 Indianapolis, IN 46240 www.deerfieldfa.com Date of Brochure: March 2016 This brochure provides information about the qualifications
More informationNonprofits face many challenges. Growing investments. to support your operational needs. Meeting the need for
H E L P I N G Y O U A C H I E V E Y O U R O R G A N I Z A T I O N S M I S S I O N F o u n d a t i o n & I n s t i t u t i o n a l A d v i s o r s Y O U R O R G A N I Z A T I O N S N E E D S A R E C O M
More information(Rev 13-10/17) Cash Sweep Program Disclosure Statement
586475 (Rev 13-10/17) Cash Sweep Program Disclosure Statement Notice of Important Changes to Our Bank Deposit Sweep Program The Cash Sweep Program Disclosure Statement has been revised to reflect the following
More informationSUNTRUST PRIVATE WEALTH MANAGEMENT SIGNATURE FINANCIAL ADVICE THAT REFLECTS YOUR INDIVIDUALITY
SUNTRUST PRIVATE WEALTH MANAGEMENT SIGNATURE FINANCIAL ADVICE THAT REFLECTS YOUR INDIVIDUALITY BE YOURSELF; EVERYONE ELSE IS ALREADY TAKEN. - OSCAR WILDE Your life, your needs, your dreams and ambitions:
More informationYour advisor s trusted clearing provider
Your advisor s trusted clearing provider RBC Correspondent Services Introducing RBC Correspondent Services As an investor, you want the best professional support available to help you reach your financial
More informationINVESTOR INFORMATION GUIDE
INVESTOR INFORMATION GUIDE TABLE OF CONTENTS Important Information Regarding Your HD Vest Account 1 Glossary of Terms 2 Privacy Policy for Individuals 3 Business Continuity Disclosure Statement 5 Guide
More informationUpdated: February 9, FORM ADV, PART 2A: Firm Brochure
FORM ADV, PART 2A: Firm Brochure Updated: February 9, 2017 Contact Information: Stillwater Investment Management, LLC 423 South Main Street, Suite E1 Stillwater, MN 55082 Phone: 651-275-9380 Toll Free:
More informationEdward Jones Guided Solutions Fund Account Brochure as of November 10, 2017
Edward Jones Guided Solutions Fund Account Brochure as of November 10, 2017 Edward Jones 12555 Manchester Road St. Louis, MO 63131 800-803-3333 www.edwardjones.com Item 1: Cover Page This wrap fee program
More informationUSAA Managed Portfolios
USAA Managed Portfolios USAA Managed Portfolios UMP (UMP) provides you with a professionally managed, broadly diversified portfolio to help you achieve your long-term financial goals. The UMP program focuses
More informationExpanding the possibilities. Schwab Personal Choice Retirement Account
Expanding the possibilities. Schwab Personal Choice Retirement Account A retirement plan with more to offer. Schwab Personal Choice Retirement Account (PCRA) gives your employees thousands of investment
More informationSan Antonio Water System San Antonio, Texas. INVESTMENT POLICY December 2017
San Antonio Water System San Antonio, Texas INVESTMENT POLICY December 2017 1.0 INTRODUCTION Fiduciary responsibility for the management and safeguarding of the San Antonio Water System s (SAWS) monetary
More informationPart 2A Form ADV Supplemental Information SEPTEMBER 25, Phone: wealth.plantemoran.com
Part 2A Form ADV Supplemental Information SEPTEMBER 25, 2017 Plante Moran Financial Advisors, LLC 27400 Northwestern Highway Southfield, MI 48034 SEC File number 801-44058 Phone: 248-223-3756 wealth.plantemoran.com
More informationPart 2A of Form ADV Disclosure Brochure
- An Investment Management and Financial Advisory Firm - Part 2A of Form ADV Disclosure Brochure 1320 Old Chain Bridge Road Suite 250 McLean, VA 22101 (703) 992-7650 Phone (703) 991-7609 Fax www.sagevestwealth.com
More informationImportant Information About Changes To Your Advisory Service
Important Information About Changes To Your Advisory Service March 29, 2018 Effective July 16, 2018, Fidelity will bring together multiple services. A new registered investment adviser called Fidelity
More informationFORM ADV PART 2A BROCHURE
Registered Investment Adviser 650 Washington Road, Suite 1000 Pittsburgh, PA 15228 (412) 343-8700 www.mfa-wealth.com March 27, 2018 This brochure provides information about the qualifications and business
More informationMeeder Asset Management, Inc.
Meeder Asset Management, Inc. Advisory Services Brochure Form ADV Part 2A 6125 Memorial Drive Dublin, Ohio 43017 (800) 325-3539 www.meederinvestment.com March 29, 2019 This brochure provides information
More informationPROSPECTUS. Initial Public Offering and Continuous Distribution April 6, 2018
No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. These securities have not been and will not be registered under the United States
More informationEXPLORING WEALTH MANAGEMENT SOLUTIONS
EXPLORING WEALTH MANAGEMENT SOLUTIONS Providing the requisite expertise and resources to manage the complexities of significant wealth. [ EXPLORING WEALTH MANAGEMENT SOLUTIONS WE PROVIDE IMPECCABLE SUPPORT
More informationSJA FINANCIAL ADVISORY, LLC
March 30, 2017 SJA FINANCIAL ADVISORY, LLC a Registered Investment Adviser 111 Heritage Reserve Suite 100 N72W13272 Appleton Avenue Menomonee Falls, Wisconsin 53051-5701 (414) 390-1492 www.sjafa.com This
More informationInstitutional Wealth Services. Helping organizations maximize institutional assets and bolster their employee financial benefits.
Institutional Wealth Services Helping organizations maximize institutional assets and bolster their employee financial benefits. 2 Morgan Stanley 2016 A Message From Marc Brookman Over the past 80 years,
More informationForm ADV, Part 2A Brochure
ITEM 1 - COVER PAGE Beacon Pointe Wealth Advisors, LLC 24 Corporate Plaza Suite 150 Newport Beach, CA 92660 866-272-1272 99 S. Almaden Boulevard Suite 880 San Jose, CA 95113 408-261-3300 8560 East Shea
More informationInterest Rate Risk Management Refresher. April 29, Presented to: Howard Sakin Section I. Basics of Interest Rate Hedging?
Interest Rate Risk Management Refresher April 29, 2011 Presented to: Howard Sakin 410-237-5315 Section I Basics of Interest Rate Hedging? 1 What Is An Interest Rate Hedge? Interest rate hedges are contracts
More informationSimplify, preserve and enhance.
Simplify, preserve and enhance. Your wealth is the cumulative result of your hard work, discipline, and astute management. Yet the opportunities it affords may also come with unique responsibilities,
More informationInvesting in our communities
Investing in our communities Charles Schwab Bank is committed to investing in the communities in which we work and live, and to helping people take ownership of their financial futures. Our commitment
More informationGetting to know TIAA s individual financial solutions and its financial professionals
Getting to know TIAA s individual financial solutions and its financial professionals For nearly 100 years, TIAA has served the retirement needs of plan participants who work in the academic, medical,
More informationPlan for Your Future. Morgan Stanley Can Help You Achieve Your Financial Goals
Plan for Your Future Morgan Stanley Can Help You Achieve Your Financial Goals 2 MORGAN STANLEY 2016 What Are Your Hopes and Dreams? REGARDLESS OF WHAT STAGE YOUR LIFE IS IN moving ahead in your career,
More informationImportant Information About Your Investments
Primerica Advisors Important Information About Your Investments This brochure contains important information about investing with Primerica, Inc., a financial services company whose stock is traded on
More informationBASICS OF INVESTING. Ohio Township Association Annual Winter Conference AGENDA
BASICS OF INVESTING Ohio Township Association Annual Winter Conference February 2, 2018 Presented by Eileen Stanic, CTP Senior Public Funds Advisor Meeder Investment Management 1 AGENDA Ohio Investment
More informationBaird Equity Asset Management Chautauqua Capital Management
Baird Equity Asset Management Chautauqua Capital Management Brochure March 30, 2017 Baird Equity Asset Management Chautauqua Capital Management 777 East Wisconsin Avenue 921 Walnut Street, Suite 250 Milwaukee,
More informationImportant Information About Changes To Your Advisory Service
Important Information About Changes To Your Advisory Service March 29, 2018 Effective July 16, 2018, Fidelity will bring together multiple services. A new registered investment adviser called Fidelity
More informationYour Guide to Schwab.com. How to make the most of Schwab s online client center.
Your Guide to Schwab.com How to make the most of Schwab s online client center. Welcome to Schwab.com With the Schwab.com client center, it s easier than ever to access all your accounts as well as our
More informationFCG Wealth Management, LLC
Item 1 Cover Page FCG Wealth Management, LLC One Main Street, Suite 202 Chatham, New Jersey 07928 Tel.: (973) 635-7374 www.fcgadvisors.com September 18, 2017 This Part 2A Appendix 1 of Form ADV: Wrap Fee
More informationPNC Investments Client Schedule of Commissions & Fees
PNC Investments Client Schedule of Commissions & Fees PNC Investments (PNCI) Financial Advisors 1 work closely with you, taking time to fully understand your current financial situation, establish and
More informationCash Sweep Program Disclosure Statement
Cash Sweep Program Disclosure Statement Summary Please consult the full text of the disclosure statement below for further information at the pages indicated. Available Sweep Options How the Cash Sweep
More informationREADY ASSETS PRIME MONEY FUND (the Fund ) Supplement dated September 2, 2015 to the Prospectus of the Fund, dated August 28, 2015
READY ASSETS PRIME MONEY FUND (the Fund ) Supplement dated September 2, 2015 to the Prospectus of the Fund, dated August 28, 2015 This Supplement was previously filed on July 29, 2015. The Board of Trustees
More informationJoel Isaacson & Co., LLC
Disclosure Brochure August 1, 2017 Item 1 Cover Page Joel Isaacson & Co., LLC 546 Fifth Avenue, 20 th Floor New York, NY 10036 (212) 302-6300 www.joelisaacson.com August 1, 2017 This Brochure provides
More informationPart 2A of Form ADV: Firm Brochure June 28, 2017
Part 2A of Form ADV: Firm Brochure June 28, 2017 815 East Jefferson Street, Charlottesville, Virginia, 22902 434 977 1550 www.odcm.com This brochure provides information about the qualifications and business
More informationPROFESSIONALLY MANAGED INVESTMENT SOLUTIONS THROUGH EXCHANGE TRADED FUNDS
PROFESSIONALLY MANAGED INVESTMENT SOLUTIONS THROUGH EXCHANGE TRADED FUNDS CALING THE HEIGHTS SCALING THE HEIGHTS I WITH EXCHANGE TRADED FUNDS Y THE INVESTMENT CREATED FOR INSTITUTIONS IS NOW AVAILABLE
More informationSan Antonio Water System San Antonio, Texas. INVESTMENT POLICY December 2010
San Antonio Water System San Antonio, Texas INVESTMENT POLICY December 2010 1-0. PURPOSE: The purpose of the Investment Policy of the San Antonio Water System Board of Trustees (the Board ) is to establish
More informationEP Wealth Advisors, Inc. FORM ADV PART 2 BROCHURE
EP Wealth Advisors, Inc. 21515 Hawthorne Blvd, Suite 1200 Torrance, CA 90503 Phone: 310-543-4559 Fax: 310-316-0401 www.epwealth.com 1/26/2011 FORM ADV PART 2 BROCHURE This brochure provides information
More informationADVISORY CONSULTING SERVICES SEC Number: DISCLOSURE BROCHURE
ADVISORY CONSULTING SERVICES SEC Number: 801-43561 DISCLOSURE BROCHURE MARCH 29, 2018 This brochure provides information about the qualifications and business practices of Century Securities Associates,
More informationInterest Rate Risk Management Refresher. April 27, Presented to: Section I. Basics of Interest Rate Hedging?
Interest Rate Risk Management Refresher April 27, 2012 Presented to: Section I Basics of Interest Rate Hedging? What Is An Interest Rate Hedge? Interest rate hedges are contracts between parties designed
More informationPortfolio Snapshot. Sample Report. A proposal for your review. John Adams Financial Advisor Merrill Lynch Wealth Management
Portfolio Snapshot A proposal for your review Sample Report John Adams Merrill Lynch Wealth Management SENSITIVE CLIENT INFORMATION INSIDE Important Information This analysis is a brokerage report that
More informationCHARITABLE & ENDOWMENT SERVICES
PNC ADVISORS INSTITUTIONAL INVESTMENT GROUP CHARITABLE & ENDOWMENT SERVICES Complete Investment Management and Administrative Solutions for the Non-Profit Community www.pncadvisors.com PLANNING FOR TODAY
More informationThe Advocate Group, LLC 601 Carlson Pkwy., Suite 1100 Minnetonka, MN December 2017
Form ADV Part 2A Firm Brochure 601 Carlson Pkwy., Suite 1100 Minnetonka, MN 55305 952-693-2630 www.theadvocategroup.com December 2017 This brochure provides information about the qualifications and business
More informationDistinctive Guidance for Significant Wealth
Distinctive Guidance for Significant Wealth With significant wealth comes great opportunity, as well as an increasing complexity of choice especially with respect to who you entrust to share your financial
More informationWEALTH MANAGEMENT PLATFORM
My Advice Architect is an Advice Architect Ecosystem solution. AN END-TO-END WEALTH MANAGEMENT PLATFORM DEMONSTRATING THE VALUE OF YOUR ADVICE HAS NEVER BEEN EASIER While every client is different, all
More informationModern Wealth Index. Charles Schwab May 2018
Modern Wealth Index May 2018 Methodology What An online study among a sample of the general public was conducted by Koski Research. Koski Research is neither affiliated with, nor employed by, & Co., Inc.
More informationVisionary Horizons, LLC
Cover Page - Item 1 Visionary Horizons, LLC 620 Mabry Hood Road, Suite 102 Knoxville, TN 37932 Phone (865) 675-VHWM (8496) Email Info@VisionaryHorizons.com June 8, 2017 Visionary Horizons, LLC dba Visionary
More information420 Bedford St. Suite 340 Lexington, MA /29/2018
420 Bedford St. Suite 340 Lexington, MA 02420 1-800-343-3040 www.btsmanagement.com www.btsinvestor.com 03/29/2018 Firm Brochure (Part 2A of Form ADV) This Brochure provides information about the qualifications
More informationCLS Investments, LLC Form ADV Part 2A Wright Street, Omaha, Nebraska March 28, 2018
Item 1 Cover Page CLS Investments, LLC 17605 Wright Street, Omaha, Nebraska 68130 402-493-3313 www.clsinvest.com This brochure provides information about the qualifications and business practices of CLS
More informationA guide to investing in hedge funds
A guide to investing in hedge funds What you should know before you invest Before you make an investment decision, it is important to review your financial situation, investment objectives, risk tolerance,
More informationBrokered Liquid Deposit Program
Brokered Liquid Deposit Program Disclosure Statement The Brokered Liquid Deposit Program (the "Brokered Liquid Deposit Program or Program ) is a bank deposit product offered to eligible Wells Fargo Advisors
More informationValMark Advisers, Inc. 130 Springside Dr. Suite #300 Akron, OH ADV Part 2A Appendix 1. Wrap Fee Program Brochure
ValMark Advisers, Inc. 130 Springside Dr. Suite #300 Akron, OH 44333 ADV Part 2A Appendix 1 Wrap Fee Program Brochure This Wrap Fee Program Brochure provides information about the qualifications and business
More informationTIAA Brokerage: For non-retirement accounts Investing as you like it
TIAA Brokerage: For non-retirement accounts Investing as you like it From our retirement roots, TIAA has continued to evolve and grow our financial services organization. We remain true to our not-for-profit
More informationINVESTMENT MEMORANDUM Revised 1/15/19
INVESTMENT MEMORANDUM Revised 1/15/19 Introduction: The California-Nevada United Methodist Foundation (CANVUMF) was established by the California-Nevada Annual Conference in June 1964 as a 501.c.3 corporation
More informationWe will further provide you with a new Brochure as necessary based on changes or new information, at any time, without charge.
Item 1 Cover Page Harper Asset Management, LLC (CRD 116213) 6680 Gunpark Drive, Suite 202B Boulder, CO 80301 O: 303.449.4887 C: 404.451.7432 F: 267.202.9441 info@harperasset.com www.harperasset.com 22
More informationINVESTORS/ANALYSTS: Rich Fowler Charles Schwab Phone:
News Release Contacts: MEDIA: Mayura Hooper Charles Schwab Phone: 415-667-1525 INVESTORS/ANALYSTS: Rich Fowler Charles Schwab Phone: 415-667-1841 SCHWAB REPORTS RECORD QUARTERLY NET INCOME OF $866 MILLION,
More informationOffering Circular. T. Rowe Price Stable Value Common Trust Fund. Profile of the T. Rowe Price Stable Value Common Trust Fund ( trust )
T. Rowe Price Stable Value Common Trust Fund Sponsored by T. Rowe Price Trust Company Offering Circular July 1, 2012 Profile of the T. Rowe Price Stable Value Common Trust Fund ( trust ) What is the trust
More informationWCG ISC Portfolios. Registered As: WCG Wealth Advisors, LLC. Doing Business As: The Wealth Consulting Group
Item 1 Cover Page Wrap Program Brochure WCG ISC Portfolios Registered As: WCG Wealth Advisors, LLC Doing Business As: The Wealth Consulting Group Registered Investment Advisor 8925 West Post Road Suite
More informationChurchill Management Group
hurchillmanagement hurchillmanagement Group hurchillmanagement Group ll Management Group hurchillmanagement G hurchillmanagement Group It is the mission of to build wealth for our Clients over the long
More informationINFORMATION CIRCULAR: FRANKLIN TEMPLETON ETF TRUST
INFORMATION CIRCULAR: FRANKLIN TEMPLETON ETF TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications
More informationA guide to investing in unit investment trusts
A guide to investing in unit investment trusts What you should know before you buy Wells Fargo Advisors wants to ensure that you are investing in the products that best suit your financial situation, investment
More informationPrivate Wealth Management The Clifford Barnowski Group. Real experience. Custom solutions.
Private Wealth Management The Clifford Barnowski Group Real experience. Custom solutions. We recommend our clients look for these four attributes in a Financial Advisor: integrity, good judgment, relevant
More informationThe Lincoln Managed Assets Program ( LMAP ) Brochure
The Lincoln Managed Assets Program ( LMAP ) Brochure Lincoln Financial Advisors Corporation 1300 South Clinton St., Suite 150 Fort Wayne, IN 46802 (800) 237-3813 www.lfa-sagemark.com Form ADV, Part 2A
More informationLPL FINANCIAL FIRM BROCHURE
LPL Financial LLC 75 State Street, 22nd Floor, Boston, MA 02109 www.lpl.com (617) 423-3644 December 16, 2017 This brochure provides information about the qualifications and business practices of LPL Financial.
More information