Trust Asset Services
You’ve asked for products and services to help you grow your wealth management business, and we’ve responded with additional trust services.
In addition to Schwab Charitable Trust Services, Schwab Institutional’s Personal Trust Reporting Services, and Administrative Trustee Services from Charles Schwab Bank¹ can help you meet the individual needs of your trust clients. Schwab also offers retirement plan trust and custody services through Charles Schwab Trust Company, a division of Charles Schwab Bank.
With Personal Trust Reporting and Administrative Trustee Services you benefit from:
- A fully integrated trust accounting and trading platform through schwabinstitutional.com
- Detailed reporting, including principal and income accounting
- Beneficiary and third-party payment capabilities
- Access to the full range of proprietary and non-proprietary investments available to trade through schwabinstitutional.com
These services for trust clients are priced competitively and are backed by a specialized team that understands the trust business.
Personal Trust Reporting Services
Get the detailed trust accounting and reporting you need, including separation of principal and income and payments to beneficiaries and other parties. A custom Trust Report gives you information on your clients’ trust positions and activity, and you have the option of choosing trust tax return preparation as part of the service.
Administrative Trustee Services¹
Retain investment management responsibilities for financial assets of eligible Delaware trusts. Under this arrangement you work with the Personal Trust Services Division of Charles Schwab Bank who performs the fiduciary administrative duties for the trust, such as discretionary payments, preparation and filing of trust tax returns, and trust accounting. You and your clients may benefit from the advantages of Delaware law, including favorable trust status, investment flexibility, potential tax advantages and confidentiality and security. While you focus on investment management, the administrative trustee handles all fiduciary administrative tasks according to the trust document.
Schwab Charitable™ Trust Services²
Manage the assets of your clients’ charitable trusts while giving clients a cost-effective and flexible way to manage their charitable giving through a Charitable Gift Account and Charitable Trust Services. Schwab Charitable offers an open architecture solution designed with advisors in mind. Advisors are able to manage the trust assets on Schwab Institutional’s trading platform while Schwab Charitable Trust Services acts as trustee, handling every aspect of the trust’s oversight and administration.
For more information on Charitable Remainder Trusts, visit www.schwabcharitable.org or call 800-746-6216.
Schwab Charitable Trust Services is a limited liability company owned by Schwab Charitable Fund™, an independent public charity legally separate from The Charles Schwab Corporation.
Trust and Custody Services
Charles Schwab Trust Company, a division of Charles Schwab Bank
For third-party administrators (TPAs) and retirement advisors seeking a bank trustee and/or custodian, Charles Schwab Trust Company (CSTC), a division of Charles Schwab Bank, provides comprehensive, flexible trust and custody services. These services are specifically designed for qualified and non-qualified retirement plans that desire a trustee or the more-detailed trust account reports a trust company can provide. CSTC’s services are supported by integrated recordkeeping solutions and advanced technology. From safeguarding plan assets to providing detailed client trust accounting statements, our administrative, client service and operations teams oversee the activities you expect from a comprehensive trustee and custodian.
Custody Services
Charles Schwab & Co.
For third-party administrators (TPAs) and retirement advisors seeking a custodian for retirement-plan assets at a low-cost and without the need for a corporate trustee or detailed trust accounting reports, Charles Schwab & Co., Inc., the registered broker dealer, provides custody services tailored for retirement plans. From safeguarding plan assets, providing access to Schwab’s marketplace of investments, and making available easy-to-use paying agent services, our teams oversee the activities you expect from a comprehensive custodian.
¹Administrative Trustee Services are provided by the Personal Trust Services Division of Charles Schwab Bank, a federal savings bank. Charles Schwab & Co., Inc., and Charles Schwab Bank are separate but affiliated companies and wholly-owned subsidiaries of The Charles Schwab Corporation. Charles Schwab Bank, through the Personal Trust Services Division, serves as administrative trustee of trusts, the investments of which are managed by independent investment advisory firms, named by the grantor or beneficiaries, that do business with Schwab Institutional. These advisory firms are not affiliated with The Charles Schwab Corporation, Charles Schwab Bank, Charles Schwab & Co., or any affiliates or subsidiaries. Schwab Institutional provides custody, securities brokerage, trust accounting and related back-office services to administrative trusts for which Charles Schwab Bank serves as an administrative trustee.
²Schwab Charitable™ is the name used for the combined programs and services of Schwab Charitable Fund™, an independent nonprofit organization, and Schwab Charitable Trust Services, a limited liability company owned by Schwab Charitable Fund. The Fund has entered into service agreements with certain affiliates of The Charles Schwab Corporation.
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