Schwab Proxy Voting for IPI Wealth Management Accounts
As a RIA, the fiduciary responsibility on IPI Wealth is extremely high to ensure the proxies are voted timely and accurately for clients. In order to manage this risk, your advisory clients must vote their own shares.
Previously IPI Wealth accommodated clients with voting their proxies. However, we will be phasing out proxy voting by IPI Wealth over the next several months and require your assistance with accounts custodied at Schwab. For those effected offices, we will be sending you a list of the applicable clients. You must review the list and work with your clients to complete and return to Schwab its Issuer Communications and Release of Information Form.
The Schwab form may be found here: https://investmentplanners.securevdr.com/d-s71fb2c409864dce8
To determine which clients IPI Wealth is voting proxies, you may also look on the client’s Profile page under Issuer Communications. As in the example below, if it says Proxy Voting and then Advisor is indicated this means that IPI Wealth is voting the proxy and not the client.
Please feel free to call me at 217-542-1220 or send an email with questions firstname.lastname@example.org
The lists will be going out shortly to those applicable advisors.