Letter to our clients related to COVID-19


    Dear Valued Client:

    As the global effect of Coronavirus (COVID-19) continues to evolve, we are committed to serving our clients as well as considering the safety of our staff. We are currently working from home to serve you while doing our part to reduce the spread of COVID-19. We currently have the phones forwarded to one of our staff and will take messages in order that we may return your call as soon as possible. We appreciate your patience with this temporary change in procedure.

    Please also be aware that the employees of Pershing and Charles Schwab are also working from home during this time. As a result, they are making a few changes to processes and associated timelines for check deposits and disbursements, physical securities processing, and other mail delivery. Please see notification from Pershing below for important changes:



    Pershing Check Deposits The best ways to deposit checks quickly and efficiently is to leverage mobile check deposit (now available to all clients), direct deposit and automated clearing house (ACH) in lieu of physical checks. To help ease client deposits, we have increased the limit to $750,000 for a client to deposit a check on the NetXInvestor® mobile app. previously, this limit was $250,000. We will be unable to accommodate requests to deposit non-USD checks. Please send your payment in via wire transfer. However, if you need to mail physical checks to us for deposit, please route them as follows: Retail Deposit Lockbox (Non-Retirement Accounts) Via U.S. Mail Client checks can be sent via regular U.S. mail for deposit into a retail brokerage account. Checks should be sent to: Pershing LLC PO Box 382121 Pittsburgh, Pennsylvania 15250-8121 Via Overnight Mail Client checks via overnight mail should be addressed to: Pershing LLC Attn: 382121 500 Ross Street 154-0455 Pittsburgh, Pennsylvania 15262-0001

    Please remember to include the account number on the face of each check.


    Rollover and Transfer Lockboxes (Retirement Accounts) Mail retirement account rollover deposits to the following lockbox location: Pershing LLC - Rollover Processing P.O. Box 382084 Pittsburgh, Pennsylvania 15250-8084 Mail retirement account transfer deposits to the following lockbox location: Pershing LLC - Transfer Processing P.O. Box 382091 Pittsburgh, Pennsylvania 15250-8091 Note: Overnight mail can be sent using the 500 Ross Street address above and include the appropriate Box number in the attention line. Please remember to include the account number and contribution type on the face of each check. Retirement Account Contributions Mail retirement account contribution deposits to the following location: Pershing LLC 400 South Hope Street, Suite 500 Los Angeles, CA 90071



    Charles Schwab notification: Starting Friday, March 20, Schwab has temporarily closed public access and walk-in traffic to all U.S. branches. Clients who use Schwab branches will still be able to access account information and complete transactions using Schwab Alliance. They can also download the Schwab mobile app and use it to deposit checks remotely. If they have questions regarding their account, they can contact their dedicated Alliance support team at 800-515-2157. Schwab will be closely monitoring local, state and federal government recommendations to determine when branches can resume normal operations. We appreciate your patience during this time.



    Thank you again for your patience and your continued support.

    © 2019 by Schnieders Capital Management, LLC

    Schnieders Capital Management, LLC is a Registered Investment Advisor. Schnieders Capital Management, LLC may only transact business or render personalized investment advice in those states and international jurisdictions where we are registered/filed notice or otherwise excluded or exempted from registration requirements. The purpose of this website is information distribution.
    Any communications with prospective clients residing in states or international jurisdictions where Schnieders Capital Management, LLC and its advisory affiliates or registered representatives are not registered or licensed shall be limited so as not to trigger registration or licensing requirements.

    The information on this website is for informational purposes only and does not constitute a complete description of our investment services or performance. No part of this site nor the links contained therein is a solicitation or offer to sell securities or investment advisory services, except where applicable in states where we are registered, or where an exemption or exclusion from such registration exists. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we, and our suppliers, believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information.

     

    USE OF LINKS TO OTHER WEBSITES: This website may contain links to third-party websites. These links are provided solely as a convenience to you and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification, or monitoring by SCM of the contents on such third-party websites. SCM is not responsible for the content of any website owned by a third party that may be linked to this website regardless of whether the link is provided by SCM or a third party. SCM does not prepare or maintain, has not and will not review or update, and does not guarantee the accuracy, timeliness, completeness, suitability, reliability, or usefulness of any information contained on a linked third-party website. If you decide to access linked third-party websites, you do so at your own risk. Furthermore, no representation or warranty is provided for any software that you may download from a link from this website.

     

    THIRD PARTY CONTENT: Through this website, you may have access to information relating to securities, indexes or the securities markets ("Market Data"). SCM may compile or obtain this Market Data from third parties who are independent of SCM. Even though the sources of the Market Data provided on this website are believed to be reliable, SCM is not responsible for, and makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability, or reliability of the Market Data. The Market Data that may be provided is not a complete summary or statement of all available information or data. SCM makes no express or implied representations or warranties, including but not limited to warranties of merchantability or fitness for a particular purpose, with respect to Market Data.”