Products December 10, 2004

Schwab Adds Advisor Compliance Section to Web Site

December 10, 2004 (PLANSPONSOR.com) - Schwab Institutional has announced the launch of a new section of its Web site which will provide advisors with access to tools and services to aid them in understanding and complying with compliance issues and regulatory changes.
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Responding to a survey in which 84% of respondents acknowledged needing compliance guidance, Schwab has added the section meant to help the investment advisory community, according to a press release form the company.

The new features on the Schwab Web site ( www.schwabinsitutional.com ) include, according to the company:

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  • commentary on legal and compliance issues authored by consulting firms, industry associations and attorneys with established investment management practices
  • a pull-down menu of compliance topics to facilitate article and resource searches
  • customizable sample templates and guideline documents regarding recent compliance requirements
  • links to additional compliance resources, including third party consulting firms and industry association Web sites, plus information on discounted services
  • dates and deadlines for proposed and final regulations impacting investment advisors.

The new section also includes information about the upcoming investment advisor code of ethics, in which by February 1 firms must establish and enforce written policies and procedures designed to prevent misuse of non-public information by an advisor and affiliated persons.

The section is password-protected under the Resource Center tab on the company Web site.

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