Schwab Stock Plan Services, Certent to expand equity compensation services
Schwab Stock Plan Services and Certent announced a collaboration that enables Certent clients to seamlessly integrate their stock plan administration with Schwab's brokerage capabilities and robust participant experience. The onboarding process for clients will begin immediately, with the new technology available in early 2018. Through this relationship, Certent, a leading provider of equity compensation and financial disclosure software-as-a-service solutions, will remain the equity compensation administrator for its plan sponsor clients. Joint clients' plan participants will gain access to Schwab's advanced trading tools and brokerage solutions, including: dedicated support from Schwab Stock Plan Services professionals; financial wellness education for employees; a comprehensive digital platform, including a mobile app; and personal equity award consultations, regardless of award size. In addition, participants will benefit from Schwab's low $4.95 standard online equity trade commissions and Schwab's Satisfaction Guarantee+. Schwab also plans to waive the ongoing maintenance fee for Certent's plan sponsor clients.