Schwab managed account setup

Managed account platform setup at Schwab

If you have not worked with managed accounts at Schwab, download the "Managed Account Addendum Investment Manager Service Agreement" (click here for a sample) from the Forms and Applications section of Schwab's site, complete the form, and send it to the Managed Accounts team at Schwab. After the form is processed, the Managed Accounts team will create a master account for your managed accounts. If you don't see the managed accounts master within 48 hours or if you have any questions about managed accounts, please contact the managed accounts team at Schwab or Asset Dedication.

Contact information for the Managed Accounts team at Schwab

Phone: [phone]
Fax: [phone]
Email: [e-mail]

Account setup at Schwab

If Schwab has not created a master account for your managed accounts, please follow the instructions in the "Managed account platform setup at Schwab" section above before submitting one of the applications below. Otherwise, find the appropriate Schwab form (see below) in the Forms and Applications section of Schwab's site, complete the form, have the client sign the form, and send it to the Managed Accounts team at Schwab.

Accounts that are open under your master Schwab:

1. Log into Schwab's site >>>
2. Go to the Forms and Applications section
3. Generate a Managed Account LPOA to Schwab for each account (click here for a sample)
4. Have the client sign the form and submit it to Schwab per your standard process

New accounts:

1. Log into Schwab's site >>>
2. Go to the Forms and Applications section
3. Generate the standard account opening paperwork at Schwab using your standard master account and a Managed Account LPOA for every account using your managed account master (click here for a sample)
4. Have the client sign all of the forms
5. Submit the signed account opening paperwork to Schwab
6. After the accounts are open, submit the signed Managed Account LPOA to Schwab. This will avoid NIGOs that result from situations where the Managed Accounts team works on the LPOA before the account has been opened.

Sample versions of the forms mentioned above: