Advisor managed accounts

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Schwab Retirement Plan Services is always evolving our offerings to give you and your clients the flexibility you need. That may be why consultants consistently choose to work with us. We know you bring value to your clients, and we support advisor managed accounts (AMA)1 to help your business stand out from the crowd.

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What makes us different from others in the industry?

Schwab Retirement Plan Services introduced the concept of AMA in 2015, and we're proud to have been the first recordkeeper to collaborate with Morningstar Investment Management LLC in this arena. With our robust participant experience, plus fiduciary support from Morningstar Investment Management, you'll find it easier than ever to put your clients' needs first. We also boast a proud track record of service and innovation, and have the accolades to show for it.

Charles Schwab & Co., Inc. is a leading custodian of independent advisors.2

Features for advisors like you

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Non-core fund offerings

You can incorporate funds different from the plan's core lineup, including mutual funds and collective investment trusts.

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Simple and efficient AMA strategy

You can implement a single AMA strategy across multiple recordkeepers, and your clients' retirement plans remain portable.

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Multiple ways to set up AMA

Managed accounts can be offered as an opt-in service; as the plan's qualified default investment alternative (QDIA), including full or partial plan reset; or as a dynamic QDIA.

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Proven managed account adoption

73% of participants adopt managed accounts after a 1:1 consultation.3

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Easy and organized onboarding

Our onboarding process is thorough and organized, and we communicate with you during each step to ensure you have everything you need along the way.

Features for participants

  • High levels of personalization

    Our data transmissions track about 12 participant data points, also looking at employer contribution formulas and underlying investments in a self-directed brokerage account.

  • Flexible participant account options

    Participants can adopt or opt out of the managed account at any time and can maintain company stock and investments in a self-directed brokerage account alongside the managed account.

  • Comprehensive participant support

    In addition to the robust online experience, participants can call Advice Consultants1 for 1:1 support.

Fiduciary roles and support

  • Your firm

    • Creates the investment portfolios
    • Serves as a 3(38) fiduciary and investment manager under ERISA for portfolio construction

  • Morningstar Investment Management

    • Assigns participants to a portfolio
    • Serves as a 3(38) fiduciary and investment manager under ERISA for portfolio assignment

Talk with us about your specific needs.

1. At the direction of the Plan Sponsor or Plan Administrator, Participants may have access to Advisory Services offered by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc., that are intended for citizens or legal residents of the United States or its territories. Advisory Services include retirement savings and investment recommendations ("Recommendations") offered as a point-in-time nondiscretionary service ("Advice") and/or an ongoing discretionary asset management service ("Managed Accounts"). The Advisor Firm ("the Advisor"), an independent registered investment adviser chosen by the Plan Sponsor or Plan Administrator, is solely responsible for the creation of the investment portfolios available to Participants through the Advisory Services. Morningstar Investment Management LLC is solely responsible for assigning Participants to an investment portfolio from those created by the Advisor and for other Recommendations provided through the Advisory Services. The Advisor and Morningstar Investment Management are not affiliated. The term "personalized advice" refers to personal participant data such as age, salary, and Plan account balance, which will form the basis by which the Advisor and Morningstar Investment Management will establish the Participant's retirement Plan account Recommendations. Morningstar Investment Management's Recommendations are formulated based on information provided and are limited to the investment options available under the Plan as selected by the Plan Sponsor, Plan Administrator, or other Plan Fiduciary. For plans that do not include a salary deferral feature, a savings rate recommendation will not be included. Projections and other information regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results, and are not guarantees of future results. Results may vary with each use and over time. All investments involve risk, including the loss of principal. There can be no assurance that any financial strategy will be successful. Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market. There is no guarantee that a Participant's savings and investment strategy will provide adequate income at or through their retirement. Morningstar Investment Management does not guarantee that the results or objectives of their Recommendations will be achieved. Neither the Advisor nor Morningstar Investment Management is affiliated with or an agent of Schwab Retirement Plan Services, Inc. (SRPS); Charles Schwab & Co., Inc. (CS&Co.), a federally registered investment advisor; or their affiliates. Neither SRPS, CS&Co., nor their affiliates supervise, make recommendations with respect to, or take responsibility for monitoring the Advisory Services. SRPS and CS&Co. are not fiduciaries or investment advisers with respect to the Advisory Services under ERISA, as amended, the Investment Advisers Act of 1940, or other law, rule, or regulation. At the direction of the Plan Sponsor or Plan Administrator, Participants may speak with an Advice Consultant. Advice Consultants are registered representatives of CS&Co., not employees of the Advisor or Morningstar Investment Management. Advice Consultants may facilitate Participant access to the Advisory Services, but they do not provide investment advice or recommendations with respect to the Advisory Services. There is no additional cost for the Advice service beyond the expenses imposed by the underlying investments and the standard fees paid to SRPS, CS&Co., and their affiliates for recordkeeping and related services. However, there is a cost for the Managed Accounts service, an asset-based fee that may be charged to the Participant Plan account based on the Participant's account balance subject to the service. The Morningstar name and logo are registered marks of Morningstar, Inc.

2. advisorservices.schwab.com/why-schwab/schwab-difference

3. Schwab Retirement Plan Services data from January 1, 2022, through December 31, 2022.

"We," "us," and "our" refer to Schwab Retirement Plan Services, Inc. unless otherwise noted.

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Charles Schwab & Co., Inc. ("Schwab"). Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

(1120-0EMC) (1222-2Z43) (0823-3X6U) (08/23)
Investment Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value

Outcomes are not guaranteed.

Workplace Financial Services is a business enterprise which offers products and services through Schwab Retirement Plan Services, Inc.; Schwab Stock Plan Services; and Designated Brokerage Services. Schwab Retirement Plan Services, Inc., provides recordkeeping and related services with respect to retirement plans. Schwab Stock Plan Services is a division of Charles Schwab & Co., Inc. providing equity compensation plan services and brokerage solutions for corporate clients. Schwab Designated Brokerages Services, a division of Charles Schwab & Co., Inc., provides technology solutions for corporate clients with regulatory requirements to monitor employee security transactions. . Schwab Retirement Plan Services, Inc., and Charles Schwab & Co., Inc. ("Schwab", member SIPC) are separate but affiliated entities, and each is a subsidiary of The Charles Schwab Corporation.

Through its operating subsidiaries, The Charles Schwab Corporation ("Charles Schwab") provides a full range of securities brokerage, banking, money management, and financial advisory services, as well as services to retirement and other benefit plans. Charles Schwab & Co., Inc. offers investment services and products. Charles Schwab Bank, SSB (Member FDIC and an Equal Housing Lender) and Charles Schwab Trust Bank (Member FDIC) provides trust, custody, deposit, and lending products and services. Schwab Retirement Technologies, Inc. ("Schwab RT") is engaged in developing and licensing proprietary retirement plan recordkeeping systems to independent third-party administrators.

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