Investing in the stock market can be a great way to grow your wealth and achieve financial goals. One popular investment option is fractional shares, which allow you to own a portion of a company’s stock rather than buying a whole share. Charles Schwab, a trusted online brokerage, offers a convenient and accessible way to invest in fractional shares through its Schwab Stock Slices service.
With Schwab Stock Slices, you can own fractional shares of America’s leading companies in the S&P 500® for as little as $5, even if their shares cost more. Whether you’re interested in tech giants, consumer goods companies, or any other industry, Schwab Stock Slices allows you to invest in up to 30 top U.S. companies in a single transaction. Plus, the shares you purchase can be held and sold independently, giving you full control over your investments.
If you’re new to investing or looking for a more affordable way to enter the stock market, buying fractional shares through Charles Schwab is a smart choice. In this article, I will guide you through the process of buying fractional shares, explain the benefits of investing in fractional shares, and provide you with valuable tips to get started with Schwab Stock Slices.
Key Takeaways:
- Charles Schwab offers Schwab Stock Slices, a service that allows you to buy fractional shares of leading U.S. companies.
- Investing in fractional shares is a more accessible and affordable way to enter the stock market.
- With Schwab Stock Slices, you can customize your investment portfolio by owning slices of up to 30 different companies at a time.
- Opening a brokerage account with Charles Schwab is the first step to start buying fractional shares.
- Buying stock slices in a custodial account allows you to give the gift of ownership to someone you care about.
Why Buy Fractional Shares?
Investing in fractional shares provides an accessible and affordable opportunity to enter the stock market. Whether a company’s stock price is higher than what you want to pay, you can still invest by purchasing fractional shares. Instead of buying a whole share, you can buy a fractional share, which represents a partial share of stock. This “slice” of stock allows you to customize your investment portfolio, even with limited funds.
With Schwab Stock Slices, you can easily invest in any stock available in the S&P 500 index. This means you have access to a wide range of leading U.S. companies. Buying fractional shares is not only a cost-effective investment strategy, but it also allows you to diversify your portfolio with up to 30 different stocks at a time.
Investing in fractional shares has never been more convenient. With Schwab Stock Slices, you can start investing today with as little as $5 per transaction. Whether you’re a seasoned investor or just starting out, fractional shares offer a low-barrier entry into the stock market.
“Fractional shares open doors to investing for those who may not have substantial capital to purchase whole shares. It’s a way to participate in the stock market without breaking the bank.”
So, why buy fractional shares? It’s a smart and accessible way to invest in the companies you believe in, without the need for a large upfront investment. Regardless of the price of a single share, fractional shares allow you to start building your investment portfolio one slice at a time, making investing more accessible to a wider range of individuals.
To further understand the advantages of buying fractional shares, here’s a snapshot of the benefits:
| Benefits of Buying Fractional Shares |
|---|
| Access to high-priced stocks: Invest in companies with higher stock prices, even if you can’t afford a whole share. |
| Diversification: Build a well-rounded portfolio by investing in multiple stocks from different industries. |
| Cost-effectiveness: Buy fractional shares with as little as $5, making investing affordable for all. |
| Flexibility: Customize your portfolio with up to 30 different stocks through Schwab Stock Slices. |
| Dividend payments: Receive proportionate dividend payments based on your fractional share ownership. |
Investment opportunities should be accessible to everyone. Fractional shares, offered by Schwab Stock Slices, break down barriers and make investing within reach for investors of all backgrounds and budgets. Take the next step towards financial freedom and build your investment portfolio with the power of fractional shares.
How to Get Started with Schwab Stock Slices
To start investing in fractional shares with Schwab Stock Slices, the first step is to open a brokerage account with Charles Schwab. If you already have an account, you can immediately begin buying stock slices.
If you don’t have an account yet, don’t worry. You can easily open one and start your investing journey with Schwab Stock Slices once your account is approved and funded. Take a moment to fill out the account opening application and provide the necessary information.
Once your account is funded, you’re ready to go! Log in to your account and navigate to the Schwab Stock Slices page. Here, you’ll find a wide selection of companies and the option to buy fractional shares.
Are you looking for a unique and meaningful gift? Schwab Stock Slices also offers the gift of ownership. You can buy stock slices in a custodial account for someone special in your life, introducing them to the world of investing.
Getting started with Schwab Stock Slices is simple and straightforward. Open an account, fund it, and begin exploring the opportunities to invest in fractional shares of your favorite companies.
What are Schwab Stock Slices?
Schwab Stock Slices is a service offered by Charles Schwab that allows you to buy fractional shares or whole shares for a set dollar amount. Fractional shares are when you own less than one whole share of a company, and they can be purchased based on a dollar amount. Fractional shares also receive proportionate dividend payments. However, there are certain rights and transferability limitations when you own fractional shares, such as restricted voting rights and transfer restrictions.
Buying fractional shares gives investors the opportunity to own a portion of a company’s stock without the need to purchase a whole share. This makes investing in top U.S. companies more accessible and affordable.
| Rights | Transferability |
|---|---|
| Restricted voting rights | Transfer restrictions |
With Schwab Stock Slices, you have the flexibility to buy fractional shares of up to 30 top U.S. companies in a single transaction, allowing you to customize your investment portfolio. Fractional shares offer a way to diversify your holdings and potentially benefit from the performance of multiple companies, all with a set dollar amount.
It’s important to keep in mind the limitations and restrictions that come with owning fractional shares. While they provide an opportunity to participate in the stock market, certain rights and transferability may be limited. Nonetheless, Schwab Stock Slices opens up a world of investing possibilities, allowing you to own a piece of your favorite companies.
Which Stocks are Available for Purchase?
With Schwab Stock Slices, you have the opportunity to invest in fractional shares of any company in the S&P 500 Index, one of the most renowned benchmarks for evaluating the performance of the U.S. equities market. The S&P 500 Index comprises the top 500 publicly traded, leading large-cap companies in the United States.
Investing in the stocks of these esteemed companies through Schwab Stock Slices offers you the chance to diversify your investment portfolio and participate in the growth potential of some of America’s most influential businesses.
To explore the wide range of companies available for purchase, you can visit the Schwab Stock Slices website, where you will find a comprehensive list of S&P 500 companies that you can invest in.
| Company | Ticker Symbol |
|---|---|
| Apple Inc. | AAPL |
| Microsoft Corporation | MSFT |
| Amazon.com, Inc. | AMZN |
| Alphabet Inc. (Google) | GOOGL |
| Facebook, Inc. | FB |
| Johnson & Johnson | JNJ |
| … | … |
This table provides a glimpse of the diverse companies available in the S&P 500 Index. By investing in Schwab Stock Slices, you can acquire fractional shares of these renowned companies as well as many others, enabling you to tailor your investment strategy according to your preferences and goals.
Start your journey into the stock market by harnessing the power of the S&P 500 with Schwab Stock Slices today.
Investing Limits and Fees
When it comes to investing in fractional shares using Schwab Stock Slices, there are a few important factors to consider: the investment limits and the fees involved. Let’s take a closer look at what you need to know.
Investment Limits
When using Schwab Stock Slices, there is a minimum investment requirement of $5 per transaction. This means that you can start investing in fractional shares with just a small amount of capital. Whether you’re a beginner or an experienced investor, this low barrier to entry allows you to get started and build your portfolio at your own pace.
On the other end of the spectrum, there is a maximum investment limit of $50,000 per transaction. This gives you the flexibility to invest larger sums of money if you choose to do so. You have the freedom to decide how much you want to invest based on your financial goals and risk tolerance.
With these investment limits in place, Schwab Stock Slices caters to a wide range of investors, making it accessible to both beginners and seasoned investors alike.
Fees
One of the major advantages of using Schwab Stock Slices is that there are no commissions when you place a trade online. This means that you can buy and sell fractional shares without incurring any additional fees.
By eliminating commissions, Schwab Stock Slices allows you to maximize the potential returns on your investments. Whether you’re making frequent trades or holding your investments for the long term, you won’t have to worry about fees eating into your profits.
Not having to pay commissions can make a significant difference, especially for investors who trade regularly or have smaller investment amounts.
| Investment Limits | Fees |
|---|---|
| Minimum investment: $5 per transaction | No commissions for trades placed online |
| Maximum investment: $50,000 per transaction |
With Schwab Stock Slices, investing in fractional shares is not only accessible and easy, but also cost-effective. The combination of low investment limits and no commissions makes it a compelling option for investors looking to diversify their portfolios and take advantage of the opportunities presented by the stock market.
What Happens After Your Purchase?
Once you’ve completed your purchase of fractional shares through Schwab Stock Slices, your shares will be securely held in your brokerage account. This means you’ll have complete control and ownership over your investments, allowing you to make independent decisions about managing and selling your shares.
Just like with whole shares, fractional shares offer you the flexibility to trade and monitor your investments at your convenience. Whether you choose to hold on to your fractional shares or decide to sell them in the future, you’ll have the freedom to customize your investment strategy based on your financial goals and market conditions.
Managing your fractional shares within your brokerage account is simple and straightforward. You can use Schwab’s intuitive online platform or mobile app to access and review your portfolio anytime, anywhere. This provides you with the convenience and flexibility to stay informed about your investment performance and make decisions on the go.
By holding your fractional shares in your brokerage account, you also benefit from a range of additional features and services offered by Schwab. These may include research tools, educational resources, and insights from their team of experts, empowering you to make well-informed investment decisions.
“Owning fractional shares provides me with the ability to diversify my portfolio without committing large sums of money to individual stocks. It’s great knowing that I have full control over my investments and can monitor their performance with ease.”
Take Control of Your Investments
Having fractional shares in your brokerage account means you have the power to shape your investment portfolio according to your preferences. Whether you’re looking to invest in specific companies or industries, Schwab Stock Slices gives you the tools to create a well-diversified and personalized portfolio.
Additionally, with fractional shares in your brokerage account, you can take advantage of potential dividend payments and capital appreciation. As the fractional shares you own represent a partial stake in the companies you’ve invested in, you may be eligible to receive proportionate dividend payments.
Remember, your brokerage account is not limited to fractional shares alone. It can also accommodate whole shares and other investment products, offering you the flexibility to explore different investment opportunities and strategies.
Maximizing Your Investment Potential
Once you have fractional shares in your brokerage account, you have the freedom to leverage your investment potential in various ways. Whether you choose to hold on to your fractional shares for the long term, actively trade them, or use them as part of a larger investment strategy, the choice is entirely up to you.
By proactively managing your fractional shares and keeping a close eye on market trends, news, and performance metrics, you can make informed decisions about when to buy or sell. Schwab’s brokerage account gives you the tools and resources to help you stay on top of market developments, empowering you to make strategic investment moves that align with your financial goals.
Ultimately, your brokerage account acts as a gateway to enhanced opportunities in the stock market. It provides you with the necessary tools, information, and support to help you navigate the complexities of investing and seize opportunities for growth.
| Benefits of Holding Fractional Shares in Your Brokerage Account |
|---|
| Full control and ownership of your investments |
| Flexibility to manage and sell your fractional shares independently |
| Access to a range of additional features and services provided by Schwab |
| The ability to shape and diversify your investment portfolio |
| Potential for dividend payments and capital appreciation |
| Opportunities to maximize your investment potential with market insights and tools |
By holding fractional shares in your brokerage account, you unlock a world of possibilities and take control of your financial future. Whether you’re a seasoned investor or just starting out, Schwab Stock Slices offers a streamlined and accessible way to invest in fractional shares and build a diverse portfolio tailored to your needs.
Giving the Gift of Ownership
If you’re looking to give a meaningful gift to someone you care about, Schwab Stock Slices provides a unique opportunity. With Schwab Stock Slices, you can buy fractional shares in a custodial account, allowing you to introduce the gift of ownership and the world of investing.
A custodial account is an account established and managed by an adult on behalf of a minor. By purchasing stock slices in a custodial account, you can give the gift of ownership and financial education to your loved ones. This valuable gift has the potential to grow over time and provide them with a foundation for their future.
Whether it’s a birthday, graduation, or any special occasion, a custodial account with stock slices can be a thoughtful and lasting present. You’re not just giving a gift, but an opportunity for them to learn about investing, start building their own portfolio, and potentially reap the rewards of their investment.
“Investing in fractional shares through a custodial account is a meaningful way to give the gift of ownership and set the stage for a lifetime of financial knowledge and success.”
With Schwab Stock Slices, you have access to a wide range of companies in the S&P 500 Index, enabling you to choose stocks that align with the recipient’s interests or investment goals. Whether they’re passionate about technology, healthcare, or consumer goods, there are plenty of options to personalize their investment portfolio.
By gifting a custodial account with stock slices, you’re not only providing a financial asset, but also imparting important lessons about long-term investing, patience, and the power of compound growth. It’s a gift that can have a lasting impact on their financial future.
Take the opportunity to empower your loved ones with the gift of ownership, and open doors to financial independence and wealth creation. Start by creating a custodial account and purchasing stock slices through Schwab Stock Slices today.
| Benefits of Giving the Gift of Ownership: | Considerations: |
|---|---|
|
|
How to Open a Custodial Account
Opening a custodial account for investing in Schwab Stock Slices is a straightforward process. To get started, you’ll need to provide the minor’s contact information, birth date, and Social Security number.
Once you have gathered the necessary information, follow these steps:
- Log in to your Charles Schwab account or create a new account if you don’t already have one.
- Navigate to the account opening section and select the option for opening a custodial account.
- Fill out the required fields with the minor’s information.
- Review the terms and conditions, making sure you understand the responsibilities and restrictions of a custodial account.
- Submit the application.
After you’ve completed the application, Schwab will review your submission and notify you once the custodial account has been approved. Once the account is open and funded, you can start investing in stock slices through Schwab Stock Slices.
Benefits of the Schwab One® Custodial Account
The Schwab One® Custodial Account offers a range of benefits:
- Flexible investing: It allows you to invest in fractional shares of your favorite companies, making it easier to diversify your portfolio.
- Control and management: As the custodian, you have control over the account until the minor reaches the age of majority, giving you the ability to make investment decisions on their behalf.
- Growth potential: By introducing the concept of investing early on, you can help the minor build wealth over time and foster a sense of financial responsibility.
| Key Features of Schwab One® Custodial Account | Details |
|---|---|
| Investment Options | Access to Schwab Stock Slices for investing in fractional shares |
| Account Control | Controlled by the custodian until the minor reaches the age of majority |
| Minimum Investment | No minimum investment required |
| Account Fees | No custodial account fees |
Opening a custodial account with Schwab One® is a smart choice for introducing minors to the world of investing and helping them secure their financial future. Start the journey today and empower the next generation to become savvy investors.
Limitations and Considerations for Custodial Accounts
While custodial accounts offer a way to invest for minors, it’s important to understand the benefits and limitations before opening one. The assets in the account belong to the minor, but the adult custodian controls the account until the minor reaches the age of majority.
Additionally, there may be restrictions on transferring fractional shares and limitations on overall SIPC (Securities Investor Protection Corporation) coverage. These limitations ensure the protection of the minor’s investments but may affect the flexibility of managing and transferring assets.
However, despite these limitations, custodial accounts come with their own set of benefits. They allow minors to begin investing at a young age, potentially enabling them to build wealth over time. Custodial accounts also provide an opportunity to teach financial responsibility and the principles of investing to the younger generation.
As custodial accounts are intended for minors, it’s crucial for the adult custodian to monitor and manage the account responsibly. This involves making investment decisions in the best interest of the minor and adhering to any legal and regulatory requirements associated with custodial accounts.
Important Considerations
- The assets in a custodial account belong to the minor.
- The adult custodian has control over the account until the minor reaches the age of majority.
- There may be restrictions on transferring fractional shares in custodial accounts.
- Overall SIPC coverage for custodial accounts may be limited.
Understanding the limitations and benefits of custodial accounts is essential in making informed investment decisions for minors and ensuring the long-term growth and protection of their assets.
Stock Splits and Fractional Shares
When investing in the stock market, understanding how stock splits affect your fractional shares is essential. A stock split occurs when a company divides its existing shares into multiple new shares, resulting in a lower share price. But what happens to your fractional shares in this scenario?
Let’s say you own 0.5 of a share and the company announces a 2-for-1 stock split. After the split, each existing share will be split into two new shares. In this case, your 0.5 fractional share would be adjusted proportionately to one whole share.
“In the event of a stock split, the number of fractional shares you own will be adjusted proportionately.”
Charles Schwab, through its Stock Slices service, takes care of these adjustments automatically. This ensures that your fractional shares are converted accordingly, maintaining the accuracy of your investment portfolio.
Understanding how stock splits affect your fractional shares is crucial as it can impact your overall ownership and the value of your investment. Schwab Stock Slices simplifies the process, allowing you to focus on building your investment strategy while they handle the logistics.
Contacting Schwab for Support
If you have any questions or need assistance with Schwab Stock Slices, you can contact Schwab’s customer support. We are here to help you make the most of your investing experience.
Phone Support
If you prefer to speak with a representative, you can call our dedicated phone line at 1-800-XXX-XXXX. Our knowledgeable team is available to assist you with any inquiries you may have.
Online Chat
For immediate support, you can chat with a Schwab professional online 24/7. Whether you have questions about Schwab Stock Slices or need guidance on any other aspect of investing, our experts are ready to assist you.
In-Person Support
For a more personal touch, you can visit a Schwab branch near you for in-person support. Our friendly and experienced staff will be more than happy to address your concerns and provide you with the guidance you need.
At Schwab, customer satisfaction is our top priority. We strive to ensure that you have a seamless investing experience and are always available to assist you along the way.
Conclusion
Investing in fractional shares through Charles Schwab and their Schwab Stock Slices service provides an accessible and customizable way to enter the stock market. With a low minimum investment, commission-free trades, and a wide range of companies available for purchase, Schwab Stock Slices offers flexibility and convenience for investors looking to build their portfolios.
By offering fractional shares, Charles Schwab allows investors to own a piece of their favorite companies, even if the share price is higher than what they want to pay. This opens up investment options and makes the stock market more accessible to a wider audience. The ability to buy slices of stock in up to 30 top U.S. companies in a single transaction provides diversification and the opportunity to create a well-rounded investment portfolio.
In addition to its ease of use, Schwab Stock Slices offers transparent and competitive pricing. With no commissions for online trades, investors can confidently manage their investments without worrying about extra fees eating into their returns. Whether you’re just starting out or have years of investing experience, Schwab Stock Slices provides a platform that caters to various investment needs and goals.
Furthermore, Charles Schwab’s reputation as a leading online brokerage ensures that investors have access to a trusted and reliable trading platform. With robust customer support options, including phone, online chat, and in-person assistance, Schwab ensures that investors receive the guidance they need throughout their investment journey.
If you’re ready to dip your toes into the stock market or expand your investment portfolio, consider exploring Charles Schwab fractional shares and leveraging the power of Schwab Stock Slices. Take advantage of the low minimum investment, commission-free trades, and a wide range of investment options to customize your portfolio to suit your financial goals.
| Benefits of Charles Schwab Fractional Shares | |
|---|---|
| 1. | Accessible and customizable way to invest in the stock market |
| 2. | Low minimum investment and commission-free trades |
| 3. | Diversification through the option to buy slices of stock in up to 30 top U.S. companies |
| 4. | Transparent and competitive pricing |
| 5. | Access to a trusted and reliable online brokerage |
Investing in fractional shares through Charles Schwab opens up a world of investment opportunities while minimizing barriers to entry. Start building your investment portfolio today with Charles Schwab fractional shares and take control of your financial future.
About Charles Schwab
Charles Schwab is a well-known and respected financial institution offering a range of brokerage, banking, and financial advisory services. With a strong reputation in the industry, Charles Schwab provides individuals with the tools and resources necessary to invest in the stock market and effectively manage their investments. Their brokerage account options, including custodial accounts and Schwab Stock Slices, cater to a diverse range of investment needs and preferences.
Through their brokerage services, Charles Schwab empowers investors to access a wide range of investment opportunities, research tools, and educational resources. Whether you are a beginner investor looking to start building your portfolio or an experienced trader seeking advanced trading capabilities, Charles Schwab offers comprehensive solutions to meet your investment goals.
One of the notable investment services provided by Charles Schwab is Schwab Stock Slices. This service allows investors to buy fractional shares or whole shares for a set dollar amount, making it easier and more affordable to invest in the stock market. With the option to purchase slices of stock in up to 30 top U.S. companies in a single transaction, investors can diversify their portfolios and customize their investment strategies.
Charles Schwab’s commitment to meeting the needs of their clients extends beyond brokerage services. The institution also provides banking services, including checking and savings accounts, as well as financial advisory services to help clients navigate complex financial decisions and plan for their future.
Key Features of Charles Schwab’s Brokerage Services and Investment Services:
- Access to a wide range of investment opportunities
- Research tools and educational resources
- Comprehensive brokerage account options
- Custodial accounts for investing on behalf of minors
- Schwab Stock Slices for fractional share investing
- Banking services, including checking and savings accounts
- Financial advisory services to assist with financial planning
With a strong reputation, comprehensive services, and a commitment to customer satisfaction, Charles Schwab is a trusted partner for individuals seeking to navigate the world of investing and achieve their financial goals.
Disclaimer and Disclosures
Investing in stocks, including fractional shares, comes with risks, and there is a potential for loss of principal. The S&P 500 Index, which includes the companies available for purchase through Schwab Stock Slices, is a product of S&P Dow Jones Indices and has been licensed for use by Charles Schwab. Schwab Stock Slices is not endorsed or sponsored by S&P Dow Jones Indices, and there are no guarantees of performance. It’s important to consider your individual circumstances and consult with a qualified advisor before making investment decisions.
Conclusion
Investing in fractional shares through Charles Schwab’s Schwab Stock Slices is a smart and accessible way to enter the stock market. With the ability to buy fractional shares for as little as $5 and a wide range of top U.S. companies available, Schwab Stock Slices offers flexibility and convenience for investors of all levels. Whether you’re a seasoned investor looking to diversify your portfolio or a beginner taking your first steps into the world of investing, Charles Schwab’s online brokerage platform provides the tools and resources you need to succeed.
By investing in fractional shares, you can start building ownership in your favorite companies without having to purchase a full share. This allows you to potentially benefit from the growth and dividends of these companies, even if their share prices are high. With no commissions and a user-friendly interface, Schwab Stock Slices makes it easy to invest in the stock market and take advantage of the opportunities it offers.
So, whether you’re interested in technology giants like Apple and Microsoft, retail powerhouses like Amazon and Walmart, or healthcare leaders like Johnson & Johnson and Pfizer, Charles Schwab’s fractional shares allow you to invest in the companies you believe in. Begin your investing journey today and unlock the potential of the stock market with Charles Schwab fractional shares.
FAQ
How do I buy Charles Schwab fractional shares?
To buy Charles Schwab fractional shares, you’ll need to open a brokerage account with Charles Schwab. Once your account is approved and funded, you can log in and visit Schwab Stock Slices to start investing.
Why should I buy fractional shares?
Buying fractional shares allows you to invest in a company even if its stock price is higher than what you want to pay. It makes investing more accessible and affordable, giving you the opportunity to customize your investment portfolio with up to 30 slices at a time.
How do I get started with Schwab Stock Slices?
To get started with Schwab Stock Slices, you’ll need to open a brokerage account with Charles Schwab. If you already have an account, you can buy stock slices right away. If not, you’ll need to open an account and wait for it to be approved and funded. Once your account is funded, you can log in and visit Schwab Stock Slices to start investing.
What are Schwab Stock Slices?
Schwab Stock Slices is a service offered by Charles Schwab that allows you to buy fractional shares or whole shares for a set dollar amount. Fractional shares represent a partial share of a stock and allow you to invest in companies even if their stock prices are higher. However, there may be certain restrictions and limitations when owning fractional shares.
Which stocks are available for purchase through Schwab Stock Slices?
Schwab Stock Slices allows you to invest in fractional shares of any company in the S&P 500 Index. The S&P 500 Index includes 500 leading large-cap U.S. publicly traded companies and is often used as a benchmark for the performance of U.S. equities.
What are the investment limits and fees for Schwab Stock Slices?
When using Schwab Stock Slices, there is a minimum investment of per transaction and a maximum investment of ,000 per transaction. There are also no commissions when you place a trade online through Schwab Stock Slices.
What happens after I purchase fractional shares?
After you purchase fractional shares through Schwab Stock Slices, the shares will be held in your brokerage account. You can then manage and sell them independently, just like you would with whole shares.
How can I give the gift of ownership with Schwab Stock Slices?
You can give the gift of ownership by buying stock slices in a custodial account for someone you care about. A custodial account is set up and managed by an adult on behalf of a minor.
How do I open a custodial account for Schwab Stock Slices?
To open a custodial account for Schwab Stock Slices, you’ll need to provide the minor’s contact information, birth date, and Social Security number. Once the account is open and funded, you can start buying stock slices through Schwab Stock Slices.
What are the limitations and considerations for custodial accounts?
While custodial accounts offer a way to invest for minors, there are some limitations to consider. The assets in the account belong to the minor, but the adult custodian controls the account until the minor reaches the age of majority. There may also be restrictions on transferring fractional shares and limitations on overall SIPC coverage. It’s important to understand the benefits and limitations of custodial accounts before opening one.
What happens to my fractional shares in the event of a stock split?
In the event of a stock split, the number of fractional shares you own will be adjusted proportionately. Schwab Stock Slices will handle the adjustments automatically, ensuring your fractional shares are converted accordingly.
How can I contact Schwab for support with Schwab Stock Slices?
If you have any questions or need assistance with Schwab Stock Slices, you can contact Schwab’s customer support. You can call their dedicated phone line, chat with a professional online 24/7, or visit a Schwab branch near you for in-person support.
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