The CWM Extended Savings Program: A smart and timely way to save

The CWM Extended Savings Program may be a good option for long-term cash reserves currently held in your personal bank and/or savings account at a low interest rate. Extended Savings accounts offer the opportunity for clients to maximize the benefits of certain money market mutual funds that provide high liquidity, growth from interest, and relatively low risk – all facilitated through CWM and linked to your CWM managed portfolio.¹

This program is available as a complimentary value-add for clients with more than $250,000 in their fee-based CWM portfolio, and a minimum Extended Savings deposit of $25,000.² If you elect to participate in the Extended Saving Program, your funds will be custodied at Charles Schwab in a separate account and invested in a Schwab Money Fund.³ While CWM will not charge a management fee for Extended Savings Program accounts, fund expenses and other custodial fees will apply.⁴

Money market funds are insured by the Securities Investor Protection Corporation (SIPC) rather than the Federal Deposit Insurance Corporation (FDIC).

The CWM Extended Savings Program is now available to select clients. Contact Us to schedule time with your advisor to discuss whether opening a CWM Extended Savings Account may be a good option for you.

¹ No investment strategy can guarantee a profit or protect against loss. Money Market Fund past performance does not guarantee future results. Bond prices can fluctuate as markets change, which can affect the value of the fund. Bond values can be less if sold prior to maturity. Money market funds are managed to maintain a stable $1 share price. Investments in these funds are neither insured nor guaranteed by the U.S. government, and there can be no assurance that the funds will be able to maintain a stable net asset value of $1 per share.

² Account and portfolio values must be maintained at or above minimum levels.

³ CWM encourages you to read the prospectus carefully before investing and compare with other programs available in the marketplace: www.SchwabAssetManagement.com/Prospectus.

⁴ Extended Savings Program accounts are non-managed accounts (e.g., not actively monitored or traded). CWM will continue to charge a fee on existing cash and/or money market positions strategically held in your managed accounts.