Trust Asset Services
You’ve asked us to offer products and services to help you grow your wealth management business, and we’ve responded. In addition to the Charitable Trust and services available through the Charles Schwab Trust Company we’ve always provided, we will offer comprehensive Personal Trust Reporting and Administrative Trustee Services to meet the individual needs of your trust clients.
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
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Access to the full range of proprietary and non-proprietary investments available to trade through schwabinstitutional.com
Personal Trust Reporting Services
Through our Personal Trust Reporting Services, you get the detailed trust accounting and reporting you need, including the separation of principal and income, and payments to beneficiaries and other parties. A custom Trust Report gives you information on the trust positions and activity, and you have the option of choosing trust tax return preparation as part of the service.
Administrative Trustee Services*
With Administrative Trustee Services, you will retain investment management responsibilities for assets of eligible Delaware trusts. Under this arrangement you will partner with a Schwab affiliated administrative trustee who will perform 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 will handle all fiduciary administrative tasks according to the trust document.
*Provided by Charles Schwab Bank Personal Trust Division pending regulatory approval.
Schwab Charitable™ Trust Services
For advisors interested in managing the assets of their clients’ charitable trusts, 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 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.
Plan Administrator
Trust and Custody Services
The Charles Schwab Trust Company
For Third-Party Administrators (TPAs) and retirement advisors seeking a bank trustee and custodian, The Charles Schwab Trust Company (CSTC) provides comprehensive, flexible trust and custody services. These services are specifically designed for qualified and non-qualified retirement plans and are supported by integrated recordkeeping solutions and advanced technology. From safeguarding plan assets to accurate recordkeeping, our experts oversee every detail you expect from a comprehensive trustee and custodian.
The Charles Schwab Trust Company ("CSTC") is a California chartered trust company that provides trust services to Schwab customers and affiliates and is a wholly owned subsidiary of The Charles Schwab Corporation.
Custody Services – Charles Schwab & Co.
For Third-Party Administrators (TPAs) and retirement advisors seeking a custodian for retirement-plan assets, Charles Schwab & Co., Inc., a registered broker dealer, provides custody services tailored for retirement plans seeking a low-cost solution. Plans held at Schwab's broker dealer are either self-trusteed or trusteed by a separate, independent corporate trustee. From safeguarding plan assets to accurate paying agent services, our experts oversee every detail you expect from a comprehensive custodian.
Are you a Trust professional? Schwab Institutional's Trust Custody Services enables trust data transmission from Schwab's platform to your trust accounting system. Learn more.
(0807-1150)
