Schedule a Consultation 410.461.3900

Safeguarding Your Assets

At BWFA, the security of your financial assets is always our top priority. To provide clients with the highest level of protection, we partner with Charles Schwab, one of the nation’s most trusted custodians. Schwab brings decades of experience, financial strength, and a conservative approach to risk management—giving our clients peace of mind.

With more than $7.8 trillion in client assets, Schwab is recognized for safety, transparency, and reliability. Clients benefit from multiple layers of protection, including regulatory oversight, fraud prevention, privacy safeguards, insured banking solutions, and trustworthy custody services.

Regulatory Oversight & Insurance

Client brokerage assets are safeguarded under the SEC’s Customer Protection Rule, which ensures that your investments are kept separate from Schwab’s own business activities. Protection goes beyond the basics:

  • SIPC insurance up to $500,000 per account

  • Excess SIPC coverage up to $150 million per account

This extensive coverage provides confidence that your investments remain secure, regardless of the market environment.

Advanced Security & Fraud Monitoring

Schwab employs industry-leading technology and a dedicated security team to prevent and detect suspicious activity. Protection measures include:

  • Sophisticated encryption protocols for online access

  • Real-time monitoring to identify unusual account activity

  • Partnerships with law enforcement and regulators to respond quickly to threats

Client Privacy

Safeguarding your personal data is as important as protecting your assets. Schwab:

  • Never sells client information

  • Shares data only with trusted providers under strict confidentiality rules

  • Adheres to rigorous privacy standards and legal obligations

Secure Banking Solutions

Cash balances at Schwab-affiliated banks carry the same level of protection as your investments. Clients benefit from:

  • FDIC insurance up to $250,000 per depositor, per bank

  • Extended FDIC protection up to $500,000 through Schwab’s Bank Sweep program

Trustworthy Custody Services

Unlike investment banks or asset managers, Schwab acts solely as a custodian. This ensures:

  • Your investments remain segregated from Schwab’s operations

  • No conflicts of interest between Schwab’s business and your portfolio

  • Transparent, secure custody focused solely on protecting your wealth

At BWFA, we believe our clients deserve personalized financial advice backed by a secure custodian. By partnering with Charles Schwab, we offer expert financial planning combined with the confidence that your assets are protected by one of the most trusted institutions in the financial industry. Want to learn more about what BWFA has to offer? Visit our Investment Management page.