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Schwab Digital Account Opening integration

Team Wealthbox
Team Wealthbox
  • Updated

What does it do?

The integration between Wealthbox and Schwab Advisor Services™ allows users to send contact details from Wealthbox seamlessly into Schwab Advisor Center® to be imported into a Schwab Digital Account Envelope.

 

How do I enable the integration?

Please follow the steps here to enable the Schwab integration within Wealthbox.

 

How does it work?

You can now use the "Send To" menu from a contact record page within Wealthbox to send contact details to Schwab Advisor Center. This integration lets you create new clients that are not yet in Schwab Advisor Center. The client will be imported into a Schwab Digital Envelope.

 

“Send To” menu

A preview screen within Wealthbox shows you all the different types of data points that are supported.

 

“Send to Schwab Advisor Center” Preview

Schwab send to.png

How are accounts matched between Schwab and Wealthbox?

Accounts display on a Wealthbox contact record based on having "download" permission for the account in Schwab Advisor Center and a matching SSN/Tax ID between the client in Schwab and the contact in Wealthbox. If there is no SSN/Tax ID we look to see if there is an exact match on first and last name.
 

How are the fields mapped between Wealthbox and Schwab?

 

Wealthbox

 

Schwab

 

Notes

Name: First Name

First Name

Required

Name: Middle Name

Middle Name

 

Name: Last Name

Last Name

 

Suffix

Suffix

 

Nickname

Nickname

 

Job Title

Occupation

 

 

Company

 

Employer/Business Name

 

Primary Email Address

Email Address

Support for one email only

Work Phone

Business Phone

Ext. can be sent

Home Phone

Home Phone

Ext. can be sent

Mobile Phone

Mobile Phone

 

Other

Other

Ext. can be sent

Address

Address

(Work, Home, and one other address supported)

Street Line 1

Street Line 1

 

Street Line 2

Street Line 2

 

City

City

 

State

State

US Only

Zip

Zip

US Only

Country

Country

US Only

Birthdate

Birthday

 

SSN

SSN

 

Drivers License Number

Identification Number

 

Drivers License Issued Date

Issued Date

 

Drivers License Expires Date

Expiration Date

 

Passport Number

Identification Number