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Prime Brokerage

One account opening process. One consolidated statement. One download of transaction and position data. One custodian. Recognizing that relationships with other firms may be essential to your business, our Prime Brokerage service maximizes your trading flexibility while centralized custody at Schwab streamlines account administration.

Prime Brokerage Service Team

Our Prime Brokerage specialists usher you through account set-up and assist in processing all required paperwork so you may commence trading in your client's accounts as soon as possible. Once you begin trading, the Prime Brokerage team stands ready to handle your requests.

To help post timely "good trades" to your accounts in a timely manner, our Prime Brokerage team utilizes Depository Trust Company's (DTC) Tradesuite®. This automated trade matching system efficiently confirms order accuracy with your executing brokers.

   

Highlights


Centralized Custody

Your relationship with Schwab offers centralized custody, increasing the efficiency of your back-office operations, reducing your administrative costs, and eliminating the need to maintain client accounts at multiple brokerage firms.

This feature holds particular importance when using our Prime Brokerage service: You maintain one omnibus account at each executing brokerage firm; your clients receive statements directly from Schwab that consolidate all Prime Brokerage trade activity in one easy-to-read document; and our trade allocation technology streamlines your account and portfolio management.