Features & Services Section

Introduction to Aggregate Margin

Introduction to Aggregate Margin

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Aggregate margin is a feature allowing your client, with multiple identically registered accounts, to use the combined value of the accounts when calculating margin, all while holding the margin debit separately in one account. Revocable living trusts are considered owned by the grantor(s) and the accounts will need to be aggregated with the individual or joint accounts for that grantor.

Aggregate Margin is available to your clients, provided they meet account eligibility requirements.

Required Documents 

  • Submit an Aggregate Margin Application.
  • All accounts must have the margin feature enabled. If not, the Options, Trading, and Margin Application is required.
European Union client information
  • Clients residing in the European Union, excluding residents of the United Kingdom and Switzerland, are not eligible for margin.
  • Additionally, clients residing within Europe – including the United Kingdom – are restricted from using their available margin loan value to withdraw funds from their account.
Account requirements for aggregate
  • Hold the margin debit balance
  • Link to the same primary advisor
  • Be coded for margin
  • Have the same Advisor Authorities
  • Have identical Tax ID, authorized agents, trustees, partners, grantors
  • Have the same mailing address
Move Money toolsOnly one account, within aggregate, can have features such as check writing, Schwab MoneyLink®, recurring journals, and standing letters of authorization.
Options TradingAll accounts with options trading features must have the same options trading approval level.
Power of AttorneyIf any of the accounts have a Power of Attorney (POA) role, it must be the same across all aggregated accounts.
Eligible Account TypesIneligible Account Types
  • All Tenants by Entirety
  • Community Property
  • Incorporated: C or S corporation; non-incorporated: sole proprietorship, limited liability company, partnership, non-incorporated association (if allowed by company)
  • Designated beneficiary individual
  • Designated beneficiary community property WROS
  • Designated beneficiary joint tenant
  • Individual
  • Joint Tenants with Rights of Survivorship
  • Life Tenancy
  • Living Trust (if allowed by trust)
  • Tenants in Common
  • Testamentary Trust (if allowed by trust)
  • Usufructory
  • Individual Retirement Accounts (IRA, including custodial, education, rollover, Roth and Roth conversion, SAR-SEP, SEP, SIMPLE, and traditional)
  • 401(k) accounts
  • 403(b) accounts
  • Stock liquidation service accounts
  • Uniform gift to minors act (UGMA) accounts
  • Uniform transfers to minors (UTMA) accounts
  • Company retirement accounts (CRA)
  • Conservatorships
  • Guardianships
  • Personal choice retirement account (PCRA, specifically in which a trust company is the trustee)
  • Qualified retirement plans (QRP)
  • Charitable and non-profit organizations
  • Estate Accounts

View the Aggregate Margin by selecting the Balances tab on Schwab Advisor Center®.

  • Aggregate Margin for Group ID column shows a summary of all of the accounts held within the aggregate. 
  • Settled funds represents the amount of settled cash and the release from marginable positions. 
  • Buying power details provides you with the maximum amount of each security type you can trade regardless of whether or not you are buying with cash and/or on margin. 
  • The additional columns provide you with account specific information.

Aggregate Margin Display

Can managed accounts be part of an aggregate?
Yes. Accounts with a Money Manager on the Marketplace platform may be included as part of an aggregate. The money manager will need to submit a valid letter of authorization (LOA) confirming they understand the account is aggregated and actions taken in the managed account could impact accounts to which the money manager does not manage or does not have access.

Why would one of the accounts in the aggregate show a higher balance than the total cash available to withdraw?
The total cash available to withdraw (CATW) includes all balances of the accounts held within the aggregate. It is possible for one account within the aggregate to have a higher balance than the total cash available to withdraw because the account may be supporting a debit balance held within the aggregate.

Example: 

  • Account A CATW = $100,000 
  • Account B Debit = -$25,000
  • Total CATW = $75,000

Will transactions processed from a non-debit account in the aggregate automatically be moved from the debit account to cover?
No. If there are transactions in a non-debit account you must call your service team.

Can you set up a recurring money movement to go out of the debit account?
No, it will fail every month because the account is negative.

Is there a maximum number of accounts to aggregate?
Yes, 10.

What do you do if you cannot see the aggregate margin information under the balances tab once the accounts have been aggregated?
Contact your service team for assistance.

How do you add to or remove an account from an existing aggregate margin group?
Contact your service team for assistance.

To learn more about margin, review The Charles Schwab & Co. Guide to Margin.

For any additional questions, contact the Advisor Services margins desk at 800-491-1843.

Additional resources include:
Options Trading and Margin Application
Schwab One® Account Application for Personal Accounts
Schwab One® Account Application for Trust Accounts
Update Your Schwab or Schwab One® Account