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After a wait, Schwab has a program for alternative assets

The giant custodian will hold many of the assets itself

Author Brooke Southall April 22, 2010 at 7:13 AM
no description available
Bernie Clark: Our competitors are still treating this [custody of alternative assets] as an accommodation.


Carol Schiller

Carol Schiller

September 8, 2014 — 9:47 PM

A couple years ago we had to remove our alternative investments from our Schwab accounts. I moved them to a different custodian, Millennium Trust. I am looking for a new custodian. Am I understanding correctly that Schwab can not hold Alternative Investments? If so, can you provide me a fee schedule?

Brooke Southall

Brooke Southall

September 8, 2014 — 10:43 PM


I forwarded your question to Schwab.


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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

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