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Are you thinking of having Contour Financial manage your assets that will be housed at Charles Schwab? Then read this web page.
Why do we use Charles Schwab? Their firm brings a bevy of additional services to the table that Contour Financial simply does not have the resources to accomplish. A Winning Relationship - You, Your Advisor and Schwab explains this relationship in detail, but below are some of the salient points.
1. Charles Schwab provides broker/dealer services. A broker/dealer has access to the exchanges where mutual funds, bonds and stocks are traded through either a seat or electronic access. Being a discount broker, they have low commissions. They offer a wide selection of investments: stocks, bonds, mutual funds, FDIC backed certificates of deposit. Their no transaction fee funds or One Source program is a great way to buy mutual funds with no commission. Specifically, their mutual fund program consists of:
- 13,662 mutual funds; 10,293 which are One Source
- 5,788 funds exclusively available to investment advisors
- 2,439 load waived funds
- 503 fund families
2. Charles Schwab supplies custodial services. We realize that Contour Financial does not have the name recognition of a Charles Schwab. Having money and investments held at an organization that serves as the largest custodian of Registered Investment Advisor firm investments in the country, gives clients peace of mind. At Contour Financial we have power to execute trades on a client's account, but with the exception of fee withdrawal, have no ability to withdraw any money or securities from the account. How Client Assets Are Protected At Schwab highlights the precautions taken with your investments.
3. Charles Schwab offers many account choices, including 529 college savings plans, custodial accounts, trust, estate, retirement plans, annuities, and charitable gift accounts.
4. Charles Schwab has the banking services you expect:
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270 convenient branches coast-to-coast -
Check writing, debit card, and ATM access -
Mortgages and home equity lines of credit (HELOC) -
Sophisticated on-line account access through Schwab's website -
5. Charles Schwab gives complete documentation. Trade confirmations are sent either in electronic format or by US Mail. A monthly statement is mailed to your house which shows positions and any transactions. Year-end interest, dividend & capital gain distribution information is also sent to help with tax preparation.
With the services mentioned above at your disposal both Contour Financial and Charles Schwab become your one-stop source for your financial needs. We are pleased to offer Charles Schwab to you as a highly valued resource.
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