Frequently Asked Questions

How is the firm organized?

Schnieders Capital Management (SCM) is a horizontally integrated firm. This means that we handle the core function of analyzing companies and building portfolios while all other tasks have been outsourced to other firms.
Our new firm will allow us much greater flexibility in rendering investment advice. We will have access to a boarder range of research, much larger inventory of bonds (both municipal and corporate) and other fixed income instruments; as well as being able to work with a number of different brokerage firms, including Pershing LLC, a Bank of New York Securities Group Co. Pershing LLC has offered our clients attractive commission prices.

Pershing LLC, incidentally is one of the top brokers on the New York Stock exchange, executing approximately 7% of all daily trades on the NYSE and providing custody for over $400 billion of client assets. Pershing LLC also clears for over 800 firms including broker dealers and Registered Investment Advisors.
In addition to these core functions, we have also outsourced our back office, payroll, accounting, and technology services to local and regional firms, all of whom have been intergraded into our communications network.

What are the firm's hours?

SCM's normal business hours are from 6:15 am to 4:15 pm Monday thru Friday.

Where are my stocks held?

No securities or cash are held at SCM. Rather all securities are held at a custodian financial institution such as Pershing LLC, where SCM acts as an advisor on these assets.

Where do I send my check(s) for deposit?

Please do not send checks to Schnieders Capital Management. All checks should be mailed directly to Pershing Advisor Solutions, a service of Pershing LLC at:

Pershing PAS or Pershing Advisor Solutions
One Pershing Plaza 14th Floor
Jersey City, NJ 07399
Attn: Operations

Additional information:
All checks should be made payable to the title on the account or to Pershing LLC. Checks made payable to Pershing Investment Manager Services, Pershing IMS, Pershing PAS or Pershing Advisor Solutions will not be accepted and will be returned. Please include your account number on the check. For IRA contributions, please state whether it's a current year or prior year contribution.