20260501_rev01 → 20260729_rev01COLOUR MARKS THE SEVERITY OF A FLAGGED CLAUSE · + AND − MARK ADDED AND REMOVED
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In these pages, we identify the different categories of investment professionals who may serve you at Schwab and describe how they are compensated. This includes both Schwab employees and independent branch franchisees (and their employees) operating Schwab Independent Branches. Compensation for investment professionals who provide recommendations is designed to support the provision of advice in the client's best interest.
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Certain representatives that drive net new assets to the firm during the year may also be eligible to earn an annual trip through Schwab Chairman's Club.
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Please note that the information below describes how Schwab pays employee professionals and shares revenue with Independent Branch professionals, not how you pay Schwab for the services you receive. Information about what you pay Schwab for the services we provide can be found at [schwab.com/pricing](https://schwab.com/pricing).
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These pages summarize our compensation plans and incorporate all recent changes in effect as of April 1, 2026.
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These pages summarize our compensation plans and incorporate all recent changes in effect as of July 1, 2026.
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These pages are accurate as of the date indicated above. The most recent information is available at [schwab.com/compensationdisclosure](https://schwab.com/compensationdisclosure).
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We invite you to read this information carefully and to contact us at [800-435-4000](tel:+18004354000) if you have any questions. (For multilingual services, call [800-662-6068](tel:+18006626068). For services outside the U.S., call [+1-415-667-8400](tel:+14156678400).)
In addition to a base salary, Regional Banking Managers are eligible to earn additional incentive compensation that is determined based on the following criteria:
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- Sales of bank lending products, including PAL and First Mortgage.
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- Manager Discretion-A quarterly discretionary incentive determined based on manager discretion, which may include consideration of service quality, teamwork, and the provision of education on bank offerings such as trust services and deposit solutions.
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### Senior Managers (Financial Solutions Branch)
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#### What They Do
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Senior Managers lead centralized teams of Portfolio Solutions Consultants who work with clients in a phone-based and virtual meeting environment. They provide strategic direction and execution support, and they recruit and manage the centralized team. They are responsible for the performance of their branch.
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#### Compensation
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In addition to a base salary, Senior Managers are eligible to earn an annual bonus that is funded based on Schwab's performance and determined based on manager discretion, which may include consideration of client retention, team growth and productivity, client satisfaction, and development of staff.
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### Portfolio Solutions Consultants
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#### What They Do
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Portfolio Solutions Consultants are an ongoing resource for clients who are not currently assigned to a Financial Consultant and are invested in most Schwab managed solutions. The Portfolio Solutions Consultants are available to provide portfolio analysis, retirement planning, and advice regarding other wealth management topics. As part of any client conversation, the Portfolio Solutions Consultants ensure ongoing suitability of investments and make recommendations from a variety of investment products offered at Schwab.
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Portfolio Transition Specialists are partners to Financial Consutants,Wealth Consultants & Wealth Advisors, and their clients or prospects seeking to transition their existing investment holdings into other products or service while considering estimated potential tax liabilities. These transition analyses deliver actionable and customized portfolio strategies to drive better client outcomes.
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#### Compensation
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In addition to a base salary, these specialists are eligible to earn an annual bonus that is funded based on Schwab's performance and determined based on manager discretion.
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If you have questions about information contained in these pages, please call 800-435-4000. For media inquiries, please call the Schwab Corporate Public Relations hotline at 415-667-9500.
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If you have questions about information contained in these pages, please call [800-435-4000](tel:8004354000). For media inquiries, please call the Schwab Corporate Public Relations hotline at [415-667-9500](tel:4156679500).
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Third-party trademarks appearing in this document are the property of their respective owners.
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Please note that the information in these pages does not apply to Schwab accounts managed by an independent investment advisor. Independent investment advisors are not owned by, affiliated with, or supervised by Charles Schwab & Co., Inc. ("Schwab").