We have Roth IRAs, SEP-IRA, brokerage, and checking account. Every experience with Schwab has gone smoothly. The customer service staff is always quick to respond, friendly, and knowledgeable. The reports I can generate on our accounts, the research and recommendations at the website, easily understood and convenient. I would recommend Schwab to anyone.
Schwab has been trustworthy and reliable financial partner in my long engagement with them. Schwab website is the best financial info. Center for beginners and experts alike... Schwab advisors are 100% for the clients best interest and they never seem to have an ulterior motive like other brokerage houses. love it!
Charles Schwab is a company that has demonstrated integrity, trustworthiness, efficiency, and genuine interest in providing support for individual investors like me who prefer to manage our own accounts. It's fees are reasonable.
Over the years, I have had a number of accounts with different firms, but I have been with Charlie for the last 10.
The reps I talk with are unfailingly knowledgeable, polite, and helpful. They make the Schwab experience work, and regardless of company or industry, they are without doubt the best people I deal with on the phone. For this alone, maintaining my account is worthwhile.
Second, although this is a highly regulated industry where all players must follow the same rules, I get the sense that for the folks running Schwab, integrity is very, very important. I can't point to specific act, or interaction, or policy, but every time I talk with someone at Schwab, I get the feeling that telling the truth, being responsible, and looking out for the customer is of paramount importance.
Schwab's fees are in line with other brokerages, the web site is very good (if not great - I liked the previous version better), but its the people, and their integrity, that make the difference.
Schwab has been outstanding for years. Integrity. Character. They listen to your question before responding. Commissions are a tough issue, but we little guys always want them to come down more. Other than that, Schwab is the place to be.
charles schwab may not beat the cheapest online broker, but they offer more investment options than a typical online brokerage house. telephone customer service is great, i have an office i can walk into a block from my home and although their website is a bit clunky it offers free research from many sources AND comprehensive investment guidance.
it is easy to recommend CS to anyone looking for a variety of investment instruments at reasonable cost.
I have been with Schwab since I opened my first brokerage account after college. 20 years later I'm still with them, having churned through numerous other institutions on a trial basis, I always find myself back at Schwab. They are best-in-class in terms of consistent high quality service, responsiveness, and willingness to help beyond the one-time transaction mentality that most institutions have these days..
I have not tried other large on-line brokerage companies so I cannot speak about Schwab in comparison to them. I only can say that I have used Schwab for years, have never had but unbelieveably great support from them over the phone when needed that I have never wanted to look elsewhere. I also really like their on-line tools for finding funds and ETFs.
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Multiple leg options strategies will involve multiple commissions.
With long options, investors may lose 100% of funds invested. Multiple leg options strategies will involve multiple commissions. Spread trading must be done in a margin account. Covered calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received. Writing uncovered options involves potentially unlimited risk.
Supporting documentation for any claims or statistical information is available upon request.
Please contact a tax advisor for the tax implications involved in any options strategies referenced.
Schwab's StreetSmart Edge® is available for Schwab Active Trading clients. Access to NASDAQ TotalView® is provided for free to non-professional clients who have made 120 or more equity and/or options trades in the last 12 months, 30 or more equity and/or options trades in either the current or previous quarters, or maintain $1 million or more in household balances at Schwab. Schwab Active Trading clients who do not meet these requirements can subscribe to NASDAQ TotalView for a quarterly fee. Professional clients may be required to meet additional criteria before obtaining a subscription to NASDAQ TotalView. This offer may be subject to additional restrictions or fees, and may be changed at any time.
Restrictions apply: The $8.95 commission does not apply to foreign stock transactions, large block trading transactions requiring special handling, or restricted stock transactions. All broker-assisted and automated phone trades are subject to service charges. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.