FAQs

What are the firm's hours?

SCM's normal business hours are from 6:30 am to 4:30 pm Monday thru Friday.

Where are my stocks held?

No securities or cash are held at SCM. Rather all securities are held at a custodian financial institution such as Pershing LLC, where SCM acts as an advisor on these assets.

Where do I send my check(s) for deposit? 

Making it convenient - New Mobile Check Deposit feature.  Mobile check deposit is now available. This feature provides a convenient, easy way for you to deposit checks in to accounts held with Pershing Advisor Solutions, as well as Charles Schwab.  More information can be found in the mobile check deposit user guide:

 Pershing Link sites/default/files/NXI_Mobile_Check_Deposit_User_Guide_PAS.pdf

 Pershing Accounts

Please do not send checks to Schnieders Capital Management. All checks should be mailed directly to Pershing Advisor Solutions, a service of Pershing LLC at:

Pershing Advisor Solutions
One Pershing Plaza 4th Floor
Jersey City, NJ 07399
Attn: Operations

Additional information:
All checks should be made payable to the title on the account or to Pershing LLC. 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 account number on the check. For IRA contributions, please state whether it's a current year or prior year contribution.

Charles Schwab Accounts

Please do not send checks to Schnieders Capital Management.  All checks should be mailed directly to Charles Schwab at:

Charles Schwab & Co., Inc.
2423 East Lincoln Drive
Phoenix, AZ 85016

Schwab Mobile Deposit Link:

http://www.schwab.com/public/schwab/investing/pricing_services/mobile/schwab_mobile_deposit

How do I wire transfer money to Pershing?

To wire transfer money to your Pershing Account please provide the following to the financial institution that will be transmitting the funds:

BANK: Bank of New York
ABA NUMBER:021000018
BENEFICIARY: Pershing LLC
BENEFICIARY ACCOUNT NUMBER: 890-051238-5
ULTIMATE BENEFICIARY: (Your Name)
ULTIMATE BENEFICIARY ACCOUNT NUMBER: (Your Pershing Account Number)

Do you allow clients to make automatic deposits or withdrawals?

Yes.

Will Schnieders Capital Management help me figure out my RMD (Required Minimum distributions for my IRA’s?

Yes.

Do you provide financial planning?

Yes, we provide a range of financial planning services.

Do you charge for financial planning?

No, we charge one inclusive fee that includes financial planning.

 

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