Schwab Stock Plan Services and Certent Collaborate to Expand and Improve Participant Access to Equity Compensation Services

Schwab brokerage services, financial wellness capabilities, and real-time data exchange enhance participant experience for Certent clients

Friday, October 13, 2017 6:00 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW
"Our collaboration with Certent enables us to serve individuals who traditionally did not have access to brokerage services, making investing and financial planning easier and more accessible."

SAN FRANCISCO--(BUSINESS WIRE)--Schwab Stock Plan Services and Certent today announced a collaboration that enables Certent clients to seamlessly integrate their stock plan administration with Schwab’s brokerage capabilities and robust participant experience. The onboarding process for clients will begin immediately, with the new technology available in early 2018.

Through this relationship, Certent, a leading provider of equity compensation and financial disclosure software‐as‐a‐service (SaaS) solutions, will remain the equity compensation administrator for its plan sponsor clients. Joint clients’ plan participants will gain access to Schwab’s advanced trading tools and brokerage solutions, including: dedicated support from Schwab Stock Plan Services professionals; financial wellness education for employees; a comprehensive digital platform, including a mobile app*; and personal equity award consultations, regardless of award size. In addition, participants will benefit from Schwab’s low $4.95 standard online equity trade commissions** and Schwab’s Satisfaction Guarantee +. Schwab also plans to waive the ongoing maintenance fee for Certent’s plan sponsor clients.

“At Schwab, our number one goal is to help investors achieve better outcomes through a combination of technology, outstanding service and financial education,” said Marc McDonough, vice president of Schwab Stock Plan Services. “Our collaboration with Certent enables us to serve individuals who traditionally did not have access to brokerage services, making investing and financial planning easier and more accessible.”

Certent will seamlessly integrate with Schwab Stock Plan Services’ new cloud-based SaaS platform which allows for a secure means of sending and receiving data in real-time through application programming interfaces (APIs). With Schwab’s new API, data will be updated continuously so participants can view and engage with their equity awards instantaneously. The new platform supports online grant acceptance, online employee stock purchase events, employee enrollment, and performance awards and cash instruments.

“We are excited to take this next evolutionary step with Charles Schwab by enhancing the integration between our systems,” said Jorge Martin, general manager, Equity Management at Certent. “This enhanced technology will enable our plan sponsor clients to leverage Certent Equity Management while their plan participants will benefit from Schwab’s dedication to the success of individual investors.”

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. 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 is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.

Schwab Stock Plan Services provides equity compensation plan services and other financial services to corporations and executives through Charles Schwab & Co., Inc. Charles Schwab & Co., Inc., a registered broker/dealer, offers brokerage and custody services to its customers.

About Certent

Certent, Inc. is a leading provider of software and services for equity compensation and financial disclosure management and reporting. Founded in 2002, Certent serves more than 2,400 public, private, and pre-IPO companies with innovative stock plan management, regulatory compliance and reporting technology. With five global offices, Certent delivers confidence across mission-critical finance and HR processes.

Disclosures

*Requires a wireless signal or mobile connection.

**Restrictions apply: The standard online $4.95 commission does not apply to foreign stock transactions, large block transactions requiring special handling, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) marketing and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. All broker-assisted and automated phone trades are subject to service charges. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules. Employee equity compensation transactions are subject to separate commission schedules.

+If you are not completely satisfied for any reason, at your request Charles Schwab & Co., Inc. (“Schwab”) or Charles Schwab Bank ("Schwab Bank") will refund any eligible fee related to your concern within the required timeframes. Schwab reserves the right to change or terminate the guarantee at any time. Go to schwab.com/satisfaction to learn what’s included and how it works.

Schwab Stock Plan Services and Certent, Inc. are not affiliated.

Brokerage Products: Not FDIC-Insured · No Bank Guarantee · May Lose Value

Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

(1017-78LE)

Contact:

Charles Schwab
Mike Peterson, 330-908-4334
mike.peterson@schwab.com
or
Certent
Aaron Bolshaw, 925-730-4300
press@certent.com
or
Intermarket Communications
Michael Gelormino, 212-754-5479
mgelormino@intermarket.com

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