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Products January 12, 2006
Schwab Offers Online Account Info to Advisors
January 12, 2006 (PLANSPONSOR.com) - Schwab
Institutional has announced two new services offering
independent advisors and their clients an alternative to
paper account statements.
Reported by Rebecca Moore
In the announcement, Schwab said advisors can now download, archive by master account, and print their clients’ Schwab statements from the Schwab Institutional Web site, www.schwabinstitutional.com .
Additionally, advisors’ clients can now also view, print and save their monthly statements via www.schwaballiance.com , a special Web site designed for clients of advisors doing business with Schwab Institutional, according to the announcement.
Statements will be available for download by the end of the fifth business day of every month – faster than when the statements are sent by mail. Paper statements and CD-ROM delivery will still be available, but advisors can elect to download and archive the statements in the location of their choice, and opt to stop receiving paper and/or CDs. In late January, advisors will also be able to view, download and save their clients’ 2005 1099s from the Web site.
Advisors’ clients can also opt to stop receiving paper statements by mail and view, save and print up to four years of their statements online.