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Establishing a Schwab Advisor Managed Account

Updated over a week ago

This article provides a step-by-step guide on how to open an Advisor Managed Accounts for your donor advised fund.

Invite Your Client to Join Give

To get started with opening an Advisor Managed Account, ensure the client has completed the set up of their Give account. Follow these steps to complete the account set up.

Opening A New Account

TIFIN to send secure Box folder link containing the following pre-filled documents to advisor/team to complete [TIFIN ACTION]

  1. Schwab One® Account Application for Incorporated Organizations PDF

    1. Accounts will be created under your firms FA Master Account number.

  2. GiveClear Personal Information PDF

  3. Limited Power of Attorney (LPOA) for Investment Advisor PDF (per donor account)

    1. The LPOA will allow us to assign our SL Master Account number for viewership purposes

***Items a. and c. will be needed for every new donor account

NEW ACCOUNT APPLICATION

  1. Advisor will login to their Schwab portal and search for the Schwab One® Account Application for Incorporated Organizations form within the forms library [ADVISOR ACTION]

  1. The advisor will populate the first section of the new application form (“IA” Information) [ADVISOR ACTION]

  2. The advisor will reference the “GiveClear Personal Information” PDF provided in the box folder to populate section 2 of the form (required information about the corporation) [ADVISOR ACTION]

  3. The advisor will populate section 3a. Using Robert Bales (Executive Director of GiveClear) information provided in the “GiveClear Personal Information” within the box folder in order to add him as an authorized individual on the account [ADVISOR ACTION]

  1. The Advisor will send forms to GiveClear for signature [ADVISOR ACTION]

    1. Email: Robert.Bales@giveclear.org | Phone: (704) 641-2949

    2. Email: terrance.McCaffery@giveclear.org | Phone: (704) 891-0515

  2. Once signed by Giveclear, the advisor will submit the documents within the Schwab portal to be processed [ADVISOR ACTION]

  3. Once account is open, advisor will share account numbers to TIFIN team [ADVISOR ACTION]

LPOA FOR INVESTMENT ADVISOR FORM

This form allows Schwab to share account details through our Advent data feed. This feed does not authorize GiveClear nor TIFIN to trade the account, but is used to update daily account balances.

  1. Advisor to complete top section of each form, including the “FA Master Account Number”, “IA Contact Information”, and “Service Team” [ADVISOR ACTION]

  2. Advisor will reference the Schwab_LPOA Template PDF within the box folder and populate the SL Master Account Number for GiveClear [ADVISOR ACTION]

  3. Advisor will submit form through the Schwab portal [ADVISOR ACTION]

CHECKWRITING FORM

  1. Once account has been opened, TIFIN will handle completing the checkwriting form

    1. This allows us to pull funds from the account for grants and fees

MONEYLINK FORMS

  1. TIFIN will complete two moneylink forms. These forms allow us to link the GiveClear bank accounts for grant distributions and collecting admin fees

    1. Grant Distribution account

    2. Operating account (fees)

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