How We Compensate Our Investment Professionals
20211004_rev01 · COMPARED WITH 20210802_rev01 · ARCHIVE SNAPSHOT, DATE APPROXIMATE
Full text changes — 20210802_rev01 to 20211004_rev01
| 5 | 5 | On these pages, we identify the different categories of investment professionals who may serve you at Schwab and describe how they are compensated. This includes both Schwab employees and independent branch franchisees (and their employees) operating Schwab Independent Branches. Compensation for investment professionals who provide recommendations is designed to support the provision of advice in the client's best interest. |
| 6 | 6 | |
| 7 | 7 | Please note that the information below describes how Schwab pays employee professionals and shares revenue with Independent Branch professionals, not how you pay Schwab for the services you receive. Information about what you pay Schwab for the services we provide can be found at [schwab.com/pricing](https://www.schwab.com/public/schwab/investing/pricing_services/fees_minimums). |
| 8 | 8 | |
| 9 | 9 | ## Recent changes |
| 10 | 10 | |
| 11 | These pages summarize our compensation plans and incorporate all recent changes in effect as of January 1, 2021, including changes to how we pay Schwab Financial Consultants. | |
| 11 | These pages summarize our compensation plans and incorporate all recent changes in effect as of October 1, 2021, including changes to how we pay Schwab Financial Consultants. | |
| 12 | 12 | |
| 13 | This brochure is accurate as of the date indicated above. | |
| 13 | This brochure is accurate as of the date indicated above. The most recent information is available at www.schwab.com/compensationdisclosure. | |
| 14 | 14 | |
| 15 | 15 | We invite you to read this information carefully and to contact us at **800-435-4000** if you have any questions. (For multilingual services, call **800-662-6068**. For services outside the U.S., call **+1-415-667-8400**.) |
| 16 | 16 | |
| 17 | 17 | ## Types of investment professionals |
| 18 | 18 | |
| 19 | 19 | | [U.S. Branch Representatives](https://www.schwab.com/node/4806) | |
| 24 | 24 | - VP-Branch Managers |
| 25 | 25 | |
| 26 | 26 | | |
| 27 | 27 | | --- | --- | |
| 28 | 28 | | [Specialty Representatives](https://www.schwab.com/legal/compensation-advice/specialty-representatives-compensation) | |
| 29 | 29 | |
| 30 | - Investor Development Specialists | |
| 30 | - Investor Development Consultants | |
| 31 | 31 | - Financial Consultants (Financial Solutions Branch) |
| 32 | 32 | |
| 33 | 33 | - Financial Consultants (Participant Investor Concierge) |
| 34 | - VP-Senior Wealth Advisors | |
| 34 | - VP-Senior Wealth Consultants | |
| 35 | 35 | - VP-Financial Consultants, Client Relationship Advisors |
| 36 | 36 | - VP-Corporate Financial Consultants |
| 37 | 37 | |
| 38 | 38 | - Advice Consultants |
| 39 | 39 | - Trading Solutions Representatives |
| 40 | 40 | - Fixed Income Specialists |
| 41 | - Insurance Services Regional Annuity Specialists (Annuity Specialists) | |
| 41 | - Regional Annuity Specialists (Annuity Specialists) | |
| 42 | 42 | - Regional Banking Managers |
| 43 | 43 | |
| 44 | 44 | - Portfolio Solutions Group Investment Consultants |
| 45 | 45 | |
| 46 | 46 | | |
| 47 | 47 | | [International Branch Representatives](https://www.schwab.com/legal/compensation-advice/international-branch-representatives-compensation) | |