With the introduction of Schwab Stock Slices we’re leveling the playing field – across all retail channels that clients can trade stocks, they can now buy slices of stock.”, – Jonathan Craig, senior executive vice president and head of Schwab Investor Services, “Even with the recent volatility, we’re seeing high levels of engagement from many who see this as an opportunity to get into the market, and fractional shares trading through Schwab Stock Slices will provide an easy platform to do that. For example, a $50 investment across five stocks would generally appear as a $10 purchase of each stock, and the order would show the number of shares or fraction of shares that $10 would buy based on stock prices at the time of execution. See Schwab's comprehensive list of commissions, fees, and other costs. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Schwab Stock Slices is not intended to be investment advice or a recommendation of any stock. A downloadable card can be personalized and given to a minor to let them know about the stock purchase on their behalf. Charles Schwab [Charles Schwab Corporation Common Stock (NYSE: SCHW)] also revealed it currently has over 360 offices and 12.7 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.4 million banking accounts, and $3.50 trillion in client assets as of March 31, 2020. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules. Schwab Stock Slices are purchased commission-free online – just like regular stock trades at Schwab. With stock slices, investing has never been more accessible. Get Automated Investing with Professional Guidance. The individual stock(s) will be in your brokerage account. Starting today, investors can use the new service, which Schwab pre-announced last month, to purchase a single stock slice or up to 10 different Stock Slices™ at once, and they can hold slices of as many S&P 500 companies in their portfolio as they wish through multiple purchases. Learn more about our services for non-U.S. residents. The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 360 offices and 12.9 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.4 million banking accounts, and $3.8 trillion in client assets as of April 30, 2020. 415-930-3651 All rights reserved. Is there a minimum or limit on how much I can invest through Schwab Stock Slices? Investing in stocks can be volatile and involves risk, including loss of principal. Our investing principles can guide you to investing success. Schwab Stock Slices is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of using Schwab Stock Slices or investing in any security available through Schwab Stock Slices, nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. For example, for just $25, an investor could own pieces of Apple, Amazon, Facebook, Google, and Netflix when purchasing one full share of each would otherwise cost a total of approximately $4,800.*. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. ("CS&Co."). After a trade order is executed via Schwab Stock Slices, each stock fraction will appear in a client’s brokerage account to be held or sold individually going forward. So a $50 investment across five stocks would show up as a $10 purchase of each stock. Using the new service, which will launch to clients on June 9, investors can purchase a single stock slice or up to 10 … And of course, you can trade stock slices commission-free online, just as you would regular stocks at Schwab.1. Anytime you buy fractional shares through Schwab Stock Slices, you can buy a single slice or up to 10 slices for as little as $5 per slice. For example, if a company's stock is selling at $1,000 a share and you were buying $200 worth of it, you would own 0.2 (20%) of a share. When a trade order is executed via Schwab Stock Slices, each stock fraction appears in a client’s brokerage account. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. ( member SIPC ), offers investment services and products, including Schwab brokerage accounts. © 2020 Pulse 2.0 LLC. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. After your account has been funded, log in and go to Schwab Stock Slices to get started. Non-U.S. residents are subject to country-specific restrictions. This is our first use of fractional shares, and we’re looking forward to exploring additional ways we can use the functionality to improve how clients invest.”, – Neesha Hathi, executive vice president and head of Schwab Digital Services, Disclosure: I own a small number of SCHW shares. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Charles Schwab Investment Management (CSIM), ADRs, Foreign Ordinaries & Canadian Stocks, Schwab Retirement Income Variable Annuity®, Schwab OneSource Choice Variable Annuity™. Find out how you can buy someone you care about stock slices in a custodial account. Amazon (AMZN) To Buy Large Stake In SpartanNash (SPTN), Apple iOS 14.1 Review: What You Need To Know, Nio Stock (NIO): $40 Price Target By JPMorgan, JPM Stock: $126 Price Target By Credit Suisse, Financial company Charles Schwab has announced a new feature called Stock Slices, which will be launching on June 9. What happens after I purchase stocks through Schwab Stock Slices? How Is It Different Than Fractional Shares On Other Platforms? SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced client availability of Schwab Stock Slices™, a new service that lets investors own any of America’s leading companies in the S&P 500® for as little as $5 each, even if their shares cost more.
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