Ownership in widely recognized stocks:By opening an account and depositing as little as $50, new investors get a jump start with an additional $101 from Schwab to invest in fractional shares to split equally across the top five S&P 500 companies by market cap through Schwab Stock Slices™, giving them ownership of some of the most widely held and recognized stocks available. Schwab Starter Kit is specifically aimed at helping first-time investors, and each component addresses this group’s unique needs. “But we know that getting started as an investor can be overwhelming, and just making it easy to invest isn’t enough - it’s critical that we also give first-time investors the support they need to make informed decisions and succeed.” “Schwab has had a longstanding commitment to helping people take ownership of their financial future, so we couldn’t be more excited about this wave of new investors,” said Jonathan Craig, Managing Director and head of Investors Services at Schwab. As even more enter the market and take steps to reach their financial goals, Schwab Starter Kit is designed to give first-time investors a head start on their investing journey. Schwab combined with TD Ameritrade has added more than one million new brokerage accounts for four consecutive quarters – bringing year-to-date new brokerage accounts to 6.0 million. Over the past 18 months, millions of new investors have made their first-ever investments in the stock market. Schwab today introduced the Schwab Starter Kit™, a new experience that will provide beginner investors with $101 to split across the top five stocks in the S&P 500, access to tailored educational content designed to be easily digestible for someone getting started, and curated easy-to-use investing tools and resources. New experience gives first-time investors a jump start through a unique combination of $101 to invest in the top five stocks in the S&P 500, bite-size educational content, and easy-to-use investing tools UPDATE: As of March 2, 2022, new investors began to receive $101 from Schwab to split across the top five stocks in the S&P 500, up from $50 originally announced December 15, 2021.
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