Pricing/commission negotiation with Schwab for AUM >$1m

T

tonyf

How much room is there to negotiate commissions and margin rates with Schwab for larger accounts?

I am looking for first hand experience if possible please.
 

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tonyf said:
The option bit is borderline lying: https://www.schwab.com/pricing-page
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You didn’t mention options originally.
I just found in options trading group on FB someone said they negotiated those down to $0.45, before Schwab even officially dropped the other commissions. Someone else said $0.50. Can’t post screenshots due to people’s names shown there.
But AUM usually doesn’t matter if you don’t trade a lot of options. Some people negotiate with $100K when trading a lot.
 
$1 million didn't use to interest them - 5 was their tipping point if held in stocks and bonds - cash does nothing. All subject to negotiation.
 
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ajacobson said:
$1 million didn't use to interest them - 5 was their tipping point if held in stocks and bonds - cash does nothing. All subject to negotiation.
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5m then. What are we talking about in that case in terms of pricing?
 
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