Frequently Asked Questions
SCM's normal business hours are from 6:30 am to 4:30 pm Monday thru Friday.
Our office is closed on all major U.S. holidays including Good Friday.
No securities or cash are held at SCM. Rather all securities are held at the custodian financial institution where you opened your account, where SCM acts as an advisor on those assets.
Please do not send checks to Schnieders Capital Management. All checks should be deposited using mobile deposit or mailed directly to Pershing Advisor Solutions, a service of Pershing LLC at:
Pershing Advisor Solutions
One Pershing Plaza
Jersey City, NJ 07399
Additional information:
· Make check payable to the title of the account or to Pershing LLC FBO the title of the account. (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 nine-digit account number on the check.
· For IRA contributions, please state the year that the contribution is to be applied.
Yes. Mobile check deposit is available. This feature provides a convenient, easy way for you to deposit checks into your account(s) held with Pershing Advisor Solutions. More information can be found in the mobile check deposit user guide below:
Please provide the following details to the financial institution that will be transmitting the funds:
Bank: ………………………………..Bank of New York
Routing #: ……………………..……021000018
Beneficiary: …………………………Pershing LLC
Beneficiary Account #: …………....890-051238-5
Ultimate Beneficiary: …………...... (Title of your account)
Ultimate Beneficiary Account #: … (Your Pershing nine-digit account #)
Please do not send checks to Schnieders Capital Management. All checks should be deposited using mobile deposit or mailed directly to Charles Schwab & Co., INC at the following:
Via U.S. Mail to:
Charles Schwab & Co., INC
P.O. Box 982603
El Paso, TX 79998-2600
Via Overnight Mail to:
Charles Schwab & Co., INC
1945 Northwestern Drive
El Paso, TX 79912
Additional information:
Make check(s) payable to the title of the account or to Charles Schwab FBO the title of the account.
Please include your account number on the check.
For IRA contributions, please state the year that the contribution is to be applied.
For SEP IRA contributions, please state Employer or Employee contribution.
Checks payable from an insurance, escrow, or title company require the endorsement of each party named on the payee line.
Yes. Mobile check deposit is available. This feature provides a convenient, easy way for you to deposit checks into your account(s) held with Charles Schwab & Co., INC.
More information can be found in the mobile check deposit user guide below:
Please provide the following details to the financial institution that will be transmitting the funds:
U.S. dollar currency only (originating inside U.S.)
Bank: ……………………………..Citibank N.A., New York
Bank address: …………………..399 Park Avenue, New York, NY 10022
Routing #: ………………………..021000089
Account: ……………………….....Charles Schwab & Co., Inc.
Account #: ………………………..4055-3953
Ultimate Beneficiary: …………... (Title of your account)
Ultimate Beneficiary Account #: (Your Schwab eight-digit account #)
Yes. You are able to set up direct deposit, periodic withdrawals or deposits from or to your bank account electronically, and more.
Please contact our office for more information on how to link your brokerage account to your bank account for standing or periodic electronic transfers.
Yes. For inherited IRA accounts we may need to obtain more information from you.
Yes, we provide a range of financial planning services.
No, we charge one inclusive fee that includes financial planning.