Schwab Advisor Services
Custodian of Client Assets
Charles Schwab & Company's Advisor Services division is the custodian for most of the financial assets advised on by PWS. Schwab Advisor Services is the industry’s leading investment asset custodian and account administrator for clients of independent RIAs like PWS.
Schwab's job is to keep client assets accounted for, safe, and secure (asset values may fluctuate, though, and neither Schwab nor PWS can promise specific investment gain or loss results). Schwab provides official records of transactions and holdings, and Schwab also provides PWS with the data needed for performance reporting, billing, and investment planning services for PWS clients.
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