Digital Onboarding: Opening and Funding New Accounts

Clients need “Read Access” to the Master Account(s) they want to use so new accounts can be set up under them.

Which of the following account types can you open using Schwab Advisor Center’s digital onboarding workflow?

When opening a Schwab Account, which of the following authentication methods is NOT an option when having your clients approve forms and requests you have initiated using DocuSign?

Clients still have to provide one wet signature for the digital workflow.

Each signer will ONLY see the accounts and documents relevant to them.

How many account applications can be initiated in one envelope?

How many eligible supplemental actions may be included in one envelope per household?

How many funded accounts can you create in one single workflow with one email to your clients?

Digital onboarding allows you to give new clients a great first impression by:

Schwab’s digital onboarding offers: (Choose all that apply.)

Which account types are eligible for digital onboarding?

New account opening features include:

When opening a new account you can trade on both margin and options.

What type of transfers can you initiate when opening an account?

When opening an account, you can leave information blank for the client to enter.

Actions such as funding new digital applications are automatically tied to the new account number.

You do NOT receive a downloadable receipt that meets legal proof of your client’s approval.

You must download and store the downloadable receipt digital receipt on your own system regularly to meet your record retention requirements.

All signers must have a valid email address AND phone number.

Signers can share email addresses and phone number.

Your client CAN use existing Schwab Alliance credentials.

Each client must have their own Schwab Alliance Credentials because the credentials are tied directly to a person, not an email or phone number.

Clients click checkboxes to electronically consent and sign documents.