What's a brokerage account?
It's an investment account that lets you buy and sell investments like stocks, exchange-traded funds (ETFs), bonds and mutual funds.
It's a great option if you want to invest in the stock market to work toward financial goals like retirement, college or a new home. It provides flexibility and you can save for short-term and long-term goals.
How does it work?
When you open an account, you'll partner with a brokerage firm like Schwab. You'll fund your account and choose what investments you'd like to buy or sell, and they'll handle transactions.
A simple, low-cost way to invest
With Schwab Stock Slices™, you can invest in America's leading companies in the S&P 500® for as little as $5, even if their shares cost more. And of course, you can trade stock slices commission-free online, just as you would full shares at Schwab.
Get on track with a complimentary financial plan.
Saving for retirement is one of the most important goals you can have. That's why Schwab offers a complimentary digital financial plan with every account. Find out what it'll take to retire the way you want.
See all your investments in one place.
Link your Schwab accounts to USAA and view them anytime on the USAA Mobile App or usaa.com. You can also go straight to schwab.com without having to log on again. It's simple and secure.
Brokerage account FAQ
Here are few ways you can fund your account:
- Electronic funds transfer
- Wire transfer
- Check deposit by mail or in person at a local Schwab branch
- Transfer or rollover an IRA
With Schwab, there isn't a minimum deposit.
Ready to invest? Schwab can help.
Important information from USAA Investment Services Company (ISCO):
Review our relationship with you in our Relationship Summary PDF.
Important information from USAA Investment Services Company (ISCO):
ISCO is not a client of Schwab. ISCO is compensated by and has an incentive to promote Schwab. However, these costs are not passed on to USAA members. Download USAA's Referral Arrangement Disclosure PDF.
Important information from Schwab:
Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.
Learn more about USAA Investment Services Company Opens in a New Window or Charles Schwab Opens in a New Window on FINRA's BrokerCheck website.