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Trust Asset Services

In today’s competitive environment, managing your clients’ trust assets along with their non-trust assets may be essential for keeping their business-and growing yours.

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. Through a fully integrated trust accounting and trading platform, you can now manage all of your clients’ assets in one place – without changing the way you work.

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 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

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.

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.

Schwab also offers retirement plan trust and custody services through Charles Schwab Trust Company, a division of Charles Schwab Bank.

 

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.

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