Introduction to Automatic Investment Plan (AIP) for Mutual Funds

Automatic Investment Plan (AIP) allows you to automatically make periodic investments Tooltip and redemptions for eligible mutual funds available through the Mutual Fund Marketplace®. AIP is a fully digital solution, allowing advisors to manage instructions on the Schwab Advisor Center® website.

The AIP service supports investments and redemptions with new frequencies and enables you to: 

  • Create and edit your instructions digitally with no need for paper.
  • Automate regular mutual fund trades, such as those made with recurring contributions to retirement plans.
  • Invest in funds available through Schwab Advisor Services®.

What You'll Need

 Access to the Web Trading platform

To create and make changes within your clients' accounts to support purchases and redemptions and new frequencies, follow these steps:

  1. On the Schwab Advisor Center website, navigate to the Trading tab and then click Automatic MF Investing.
    • Note: The Automatic MF Investing search page is filtered for the next 30 days of trades by default.
  2. To create a new automatic mutual fund instruction, click Create new instruction.
  3. Select Account searching by:
    • Name
    • Number
    • Description
  4. Select the Mutual Fund using the available search.
    • Only funds that are eligible to be enrolled in this account are shown.
  5. Complete the following fields:
    • Transaction type
      1. Select either Discretionary (selected by default) or Solicited.
    • Amount type
    • Amount
    • Frequency
    • Start Date
    • Execute transaction on
    • Duration
      1. Select either Run until stopped or a Stop date.
  6. Click Preview.
  7. Review the automatic mutual fund instruction for accuracy.
  8. To send the instruction, click Submit or to make changes, click Back.
  9. Once the instruction has been submitted, a new window appears with the confirmation message: This instruction has been submitted!
  10. To return to the search page, click close.

The newly created instructions now appear in the search results (if the new instruction is within the search page's filter options).

For assistance, call AIP at 800-367-5198, extension 2, from 9:00 a.m. to 5:30 p.m. ET.

How do I create a new instruction in AIP? 

On Schwab Advisor Center, navigate to the Trading tab and then click Automatic MF Investing. From the Automatic MF Investing page, you can create or make changes on the website to support mutual fund purchases and redemptions with new frequencies.

Is there a position requirement to establish AIP?

A position must be held or have an open order to establish an Automatic Investment.

Do transaction fees apply to AIP?

  • No-transaction-fee funds/Institutional no-transaction-fee funds – $0
  • Transaction fee funds: 8.5% of principal with a maximum of $10 (unless negotiated rate is less) 

What funds are available?

Eligible mutual funds include institutional no-transaction-fee funds, no-transaction-fee funds, and reduced transaction fee funds.

Introduction to Mutual Fund Trading