What's New: Balances/Positions/Transactions

Schwab Advisor Center® has digital tools and resources to help you onboard new relationships, support your clients, and scale your business. Below you can learn about the latest enhancements and resources, or explore recent updates by clicking on a topic.

Electronically submit bulk instructions in seconds

As part of our ongoing efforts to simplify your management of client accounts, we have added a new Reinvest page to the Accounts tab. With this new page, you can now streamline your dividend and capital gains reinvestment process by submitting election changes in bulk on the firm, master, account, or group level. 

Previously, submitting election changes required up to six clicks to update a single account. The new page drastically reduces the time needed to manage these changes by supporting the ability to submit multiple elections across up to 8,000 positions or accounts in as few as three clicks.

October 2020 (1020-09L5)

Navigate to the new Reinvest tab, and use the search function to find accounts based on instructions, security type, or status.

Dedicated section makes it easier to find key information

A new section on the Profiles page displays key beneficiary information in a clear, easy-to-read format.

The section can be set to show the designation for each beneficiary as a:

  • Percentage 
  • Fraction
  • Custom view assigning the lesser of a fixed dollar amount or a percentage

August 2020 (0820-0HAA)

Easily view information about account beneficiaries in the dedicated Beneficiary Information section on the Profiles page.

More actionable client info at your fingertips

The Schwab Advisor Center® Mobile app is adding a new tab that will allow advisors to see cost basis data for their client accounts, in addition to balances, positions, and history. This new tab provides quick, easy visibility into total unrealized gain/loss at a lot, security, category, or account level.

To begin using this new feature, you can download version 3.0 or above for your iOS or Android device from the App Store or Google Play.

June 2020 (0620-02US)

SAC Mobile App

eSigned trust forms no longer require notarization

To help you and your clients work more efficiently, we have enabled more forms for eSignature. Specifically, these are advisor-only signed forms (i.e., no client signature is applicable) that can be eSigned by a principal or authorized agent.

Additionally, two trust forms have also been enabled for eSignature and do not require notarization* if eSigned.

  • Trustee Change Form
  • Trust Addendum

*If submitted through paper and wet signature, a notary is still required.

You'll find a complete list of eSignable forms on the Forms and Applications page. We are in the process of making even more forms eSignable and plan to introduce these in the coming weeks.

June 2020 (0620-02US)

DocuSign Enhancements

Higher limits make it more convenient for clients to deposit remotely

Given the current environment, we've increased the maximum dollar amount your clients can deposit each day using the check deposit feature on the Schwab Mobile app. The feature makes it easier for them to securely deposit checks from the comfort of their home.

The maximum amount that clients can deposit per day varies based on a number of factors. Clients can confirm the maximum amount in the middle of the check deposit screen in the mobile app.

We encourage you to talk to your clients about downloading and installing the Schwab Mobile App to take advantage of this feature. The Mobile App section of the Client Learning Center provides more information. For an overview of the mobile deposit process, clients can watch this video.

April 2020 (0420-0KPK)


Purchased money market fund balances now visible at the account level

Purchased money market fund totals are now visible on the balances page of each account for which the owner holds a purchased money market fund position. This offers a more comprehensive, consolidated  view of cash and cash investments in a single location.

This enhancement reflects the increased importance of these funds in many client portfolios, and is designed to make it easier to manage routine account tasks.

May 2019 (0519-9S1M)


Use the age filter to find a list of clients who still need to take their RMD

As tax season approaches, remember that you can use the Required Minimum Distribution (RMD) tab on Schwab Advisor Center® to give you important insights into your clients’ retirement accounts.

One helpful feature for this tax season is the ability to sort based on age, so that for clients aged 70 ½ or older, you can help them plan their RMD accordingly.

In addition to the age filter, the RMD tab shows you:

  • Which of your clients’ accounts have minimum distributions for the current year
  • The total amount of the required distribution for that account
  • The amount that has already been distributed year to date.

As with other tabs on Schwab Advisor Center, you can customize to ensure that you are viewing only the data you need.

March 2019 (0319-9X49)


Scan and deposit checks up to $1 million in client accounts

Using our Advisor Check Deposit tools, you now can scan and securely deposit checks up to $1 million directly into your clients' brokerage accounts. Previously, the limit was $250,000.

This is part of our ongoing efforts to make it easier to meet your clients' needs. To learn more about using the Advisor Check Deposit system, download our interactive guide.

January 2019 (0119-8V33)


A more modern design and a number of enhancements

We have recently updated the look and feel of the Schwab Advisor Center Mobile app, and made a number of changes to make it easier for you to keep up-to-date with your clients’ accounts when you’re on the go.

In addition to the more modern look of the app, you’ll also find the following enhancements in the latest version:

  • You will remain signed in when you switch to another app, so we have removed the Multitasking setting.
  • Display includes more detail about bank sweep accounts.
  • Account search display and navigation have been improved, along with a more modern look of the app.

You’ll find the latest version of the app on the iTunes and Google Play stores.

December 2018 (1218-8FPD)


New RMD tab lets you review clients' required minimum distributions

The new RMD (Required Minimum Distribution) tab offers important insights into your clients' retirement accounts. When you select this tab, you'll get at-a-glance understanding of:

  • Which clients' accounts have minimum distributions for the current year
  • The total amount of the required distribution for that account
  • The amount that has already been distributed year-to-date.

As with other tabs on Schwab Advisor Center®, you can customize this screen to ensure that you are viewing only the data you need.

July 2018 (0718-8SUV)


Learn where you and your clients can find important Bank Sweep balance information

Schwab recently introduced an enhanced version of the Bank Sweep feature that will provide up to $500,000 of extended FDIC insurance coverage to clients with cash balances held in domestic accounts, leveraging both Charles Schwab Bank® and Schwab Signature Bank.

Once any cash balance reaches a threshold near the maximum coverage level for one bank, excess cash will be swept to the next bank automatically. You and your clients will not have to manage balances, and the dollar amounts held at each bank will appear clearly on statements.

We've created an illustrated overview highlighting the places where you and your clients can find Bank Sweep information, as well as a clickable guide to the longer-term plan for Schwab to add additional banks, each of which will offer separate FDIC insurance. As a result, the amount of insurance available on clients' uninvested cash will increase incrementally.

February 2018 (0218-8T9W


Clients can now view third-party disbursement notifications within Schwab Alliance

In our ongoing effort to offer secure, paperless document options to your clients, electronic third-party disbursement letters are now viewable on Schwab Alliance.

Previously, clients received all confirmations for third-party checks, journals, and wires in paper form. Now, clients enrolled in paperless statements and account documents will automatically be enrolled to receive their third-party disbursement letters electronically. Clients will receive an email directing them to view these documents within the new Letters section of the Statements & Reports tab.

Going paperless provides more convenient and secure document delivery compared with paper-based versions. We encourage you to talk to your clients about signing up for paperless document delivery—you can even initiate the process for them from Schwab Advisor Center®. Learn more by visiting our Service Guide.

February 2018 (1217-7ZXJ)


eApprovals—the fastest, easiest, most secure way to move money

Now, when clients are asked to authenticate their identities before approving move money requests via their mobile device, they can request a code be sent by text instead of phone call. This enhancement makes it even easier for clients to securely approve wires, checks, or journals on the go, in minutes.

To get a high-level overview of the process for you and your clients, watch this updated video. Once you're ready to get started, use our screen-by-screen clickable guide to take you through each step.

We look forward to providing additional webcasts, tips, and other materials to help you get the most out of these tools over the coming year.

February 2018 (0318-8DH6)

Transcript Open new window

For advisor use only. For general educational purposes.

Any investments reflected are for illustrative purposes only and are not intended to be nor should they be construed as a recommendation to buy, sell, or continue to hold any investment. Screen shots are for illustrative purposes only, may be historical in nature, and should not be used as a basis for any investment decision.

Schwab Advisor Services™ includes the custody, trading, and support services of Charles Schwab & Co., Inc. ("Schwab"), a registered broker-dealer and member SIPC, and the technology products and services of Performance Technologies, Inc. ("PTI"). PTI and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent of each other. PTI’s integration solutions integrate data about accounts custodied at Schwab.

API integration is available through Schwab OpenView Gateway®, which is provided by PTI. Single sign-on is provided by PTI. Daily data files and trading integration are available through Schwab. Schwab OpenView Gateway® and Schwab OpenView MarketSquare™ are services of PTI.

References to third parties (whether such parties are vendors participating in a service of PTI or independent advisors using a service of a participating vendor) are not an endorsement or recommendation of, or an opinion (favorable or unfavorable), or advice about, or a referral to any product or service of any third party. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by third party vendors. Unless indicated otherwise, third parties are independent and not affiliated with PTI or its affiliates.

Schwab Performance Technologies® ("SPT") provides technology solutions to independent investment advisors, while Schwab provides them and their clients with custody, trading, and related support services. SPT and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other.

Schwab Advisor Portfolio Connect™ is a product of SPT.

Institutional Intelligent Portfolios ("IIP") is a technology and service platform made available by SPT to independent advisors who maintain a business relationship with Schwab Advisor Services.

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products, including the Schwab One® brokerage account, are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Schwab affiliates earn revenue from the underlying assets in Institutional Intelligent Portfolios® accounts. This revenue comes from managing Schwab ETFs™ or Schwab Funds® and providing services relating to certain third-party funds that can be selected for the portfolio, and from the cash feature on the accounts. Revenue may also be received from the market centers where ETF trade orders are routed for execution. Tax-loss harvesting is available for clients with invested assets of $50,000 or more in their Institutional Intelligent Portfolios account. Clients must be enrolled to receive this service. Cash balances held in the Sweep Program at Schwab Bank are eligible for FDIC insurance up to allowable limits per depositor, per account ownership category.