Client assets custodied at Charles Schwab Institutional are protected by the
Securities Investor Protection Corporation (SIPC) up to $500,000 (including
$100,000 for claims of cash). In addition, Schwab Institutional has
secured excess SIPC protection from Lloyd’s of London for up to $150 million per
customer, including up to $1 million for cash. (This loss does not protect
against loss of market value and is subject to Schwab’s aggregate limit of $600
million.)
