Assets are protected, in the event of broker-dealer insolvency, by the Securities Investor Protection Corporation (SIPC) up to $500,000, with a limit of $100,000 for uninvested cash balances. Additional insurance (combined with SIPC coverage) is provided by Lloyd’s of London (and other London insurers) up to an aggregate amount of $600 million.

Schwab was a pioneer in the business of exclusively serving independent, fee based advisers and their clients. Schwab Institutional Services works with more than 5,500 independent advisers as the custodian for their affluent clients. More than 1.6 million client accounts are custodied at Schwab, which represents over $580 billion in assets managed by investment advisers. More than 1,800 Schwab Institutional employees are dedicated to providing responsive custody, trading and operational support to investment advisers across the country. Account protection does not cover fluctuations in the market value of your securities.