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More information is available at Follow us on Twitter, Facebook, YouTube and LinkedIn. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. More information about Schwab Stock Slices is available at /stockslices.Īt Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. “This is our first use of fractional shares, and we’re looking forward to exploring additional ways we can use the functionality to improve how clients invest.” “We developed Schwab Stock Slices to meet two important needs we heard from clients – newer investors who want the ability to buy multiple stocks in small dollar amounts and older more affluent investors who want to more easily gift stock ownership to younger generations,” said Hathi. A downloadable certificate of stock ownership can be personalized and given to a minor to inform them of the stock purchase. Once a Schwab custodial account is open and funded, the custodian can purchase stocks in small dollar amounts in the same way they would in a traditional brokerage account. Because Schwab custodial accounts are eligible, investors can use Schwab Stock Slices to get their children or grandchildren engaged with investing in an accessible and educational way.