You can open a Schwab Intelligent Portfolio account with a minimum of $5,000.
You can have the following account types:
  • Brokerage: Individual, Joint Tenant with Rights of Survivorship, Tenants in Common, Community Property, Custodial
  • Revocable Living Trust: Single Trustee, Two Trustees
  • Retirement: Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA 
Depending on how you fund your account, the process typically takes between 2-4 days.

Accounts funded with cash deposits are generally invested the following business day. Accounts can also be funded with eligible positions; for more details please contact a Schwab investment professional.
Schwab Intelligent Portfolios offers around the clock customer service. If you have a question about your account, a Schwab investment professional is available 24/7/365 via chat or phone at 855-694-5208.

Of course!  After considering your options you can choose a Rollover or Roth IRA account, these rollovers are as simple as contacting your former employer plan administrator or custodian and telling them you want a direct rollover of your plan assets.

Next Steps

  • Complete any forms required by your plan administrator or custodian.
  • Decide how you want your retirement assets distributed.
  • Ask your plan administrator or custodian to deposit your funds directly into your Schwab Intelligent Portfolios IRA.

Tips:

  • To prevent funds from being taxed, the check should be made payable to "Charles Schwab & Co., Inc., FBO (Your Name)."
  • For an easy deposit, give your employer your Schwab Intelligent Portfolios IRA account number and ask them to include it on the check.
  • Instruct your plan administrator or custodian to mail the check to: Charles Schwab & Co., Inc., P.O. Box 628291, Orlando, FL 32862-8291.

If you need help, give us a call at 866-855-9102 to talk to a Rollover Consultant. If you are currently a Schwab Plan participant, please call 800-724-7526.

Yes, you can withdraw cash from your account at any time by logging in and selecting "Add/Withdraw Money".  If the requested amount is less than the cash allocation in your portfolio, you can transfer it to another Schwab account immediately or to a linked external account overnight.  If the withdrawal request exceeds your portfolio's cash allocation, we will sell ETFs to generate the requested amount of cash.  The processing and settlement takes between 4-6 business days.

After your withdrawal, your portfolio will be rebalanced to its target asset allocation if it has drifted significantly from the portfolio’s original target. Your withdrawal may also cause your account to become ineligible for tax-loss harvesting if you have enrolled in the service and your account falls below the $40,000 minimum.
No, beneficiaries are unique to each account number. You will need to establish new beneficiary instructions for any account you open.
To add or update your IRA beneficiaries online, log in at intelligent.schwab.com and select your IRA account:
  1. Click on the Profile tab.
  2. Click Update Beneficiaries.
  3. Click the Add or Modify button.
Note: You will need the name and date of birth (if the beneficiary is a person) to add or modify your beneficiaries.

Start by logging in at intelligent.schwab.com:

  1. Click on Legal & Account Forms from the menu
  2. Scroll down to Account Servicing Forms and select Designated Beneficiary Plan Application.
  3. Complete, sign and return the Designated Beneficiary Plan Agreement.

You can return this form to Charles Schwab in a number of ways.

  • Online: Scan your completed paper form, log in to your Schwab Intelligent Portfolios account, select "Contact Us" from the menu options and upload the form as an attachment.
  • Fax: You can fax your form to 888-526-7252 (El Paso Operations) or 800-955-7561 (Orlando Operations).
  • Mail: Please follow the instructions on the form.
  • In Person: Return your completed form to the nearest Schwab branch.

If you have any questions, call us at 1-855-694-5208.