How to open an account for clients*

How to open an account (advisor)

As a financial advisor, you can help make your clients’ charitable giving more strategic with a Schwab Charitable™ donor-advised fund account.

Let’s take a look at how easy it is to open an account for a client.

Everything you need is available in the Schwab Advisor Center®. Simply log in and go to Forms and Applications.

Use the drop-down menu to choose Schwab Charitable Forms, then press Apply Filters.

You’ll find the new account application at the top of the list. Select Open with Laser App or Open a PDF to view the application.

As an advisor, you automatically have view-only privileges for Schwab Charitable accounts linked to your master account.

For clients who request your help managing their charitable giving, indicate the desired level of access privileges on the application. Option A is for core accounts, and Options B and C are for professionally managed accounts.

Remember: regardless of the privileges chosen, your client needs to sign the completed application. And a minimum irrevocable contribution of $5,000 is required to open a core account.

For Professionally Managed Accounts that require a minimum initial contribution of $250,000, you'll need to complete the Schwab Charitable Investment Advisory Agreement.

And to add grant recommendation privileges to an account, your client needs to sign an Agency Agreement in addition to the application.

Any time you have questions, feel free to contact us or your regional relationship manager.