Overview

Automatically open Schwab custodial accounts and sync client information.

What you need

• An active Feathery account and form

Background

Charles Schwab is a financial services company that offers a broad range of services including brokerage, banking, wealth management, and financial advisory services to both individual investors and institutions. It's known for providing clients with low-cost access to stock, bond, and mutual fund investments, along with research and tools to help them make informed investment decisions.

Custodial account openings on platforms like Charles Schwab allow wealth managers and advisors to open investment accounts for clients. These accounts are managed by the custodian to save for the client's future expenses, like retirement or other significant life events, while potentially growing the investments over time.

Benefits

Using Charles Schwab offers a comprehensive range of financial services including various investment options, personalized investment advice, and advanced trading platforms. Clients can benefit from competitive pricing, extensive research resources, and a strong commitment to customer service. Schwab's wide array of financial products and services caters to different investor needs, from beginners to experienced traders, making it a versatile choice for managing investments.

Considerations

Before using Charles Schwab, consider your investment goals and whether Schwab's services align with them. Evaluate their fee structure, account minimums, and the range of investment options available. Also, consider the level of customer support and advisory services you need, as well as how comfortable you are using online platforms for managing your investments.