Important Update: Schwab Block Trading Fees
Foundations has been notified that effective June 1, 2026, Charles Schwab & Co Inc. (“Schwab”), is planning to implement a custodial fee of $5 per trade to each Schwab account involved in “block trading.” Block trading include various transactions that require assistance from Schwab’s internal trading desk to ensure best execution (e.g., trading in exchange traded products like ETFs and thinly traded positions).
This custodial fee is not imposed by Foundations, no part of this fee is shared with Foundations or its affiliates, and the fee is not specific to clients of Foundations. Addition information about Schwab’s updated pricing is available through the below official announcement from Schwab.
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