Schwab Stock Plan Services has rolled out new tools to help employees manage the company-stock component of their savings strategy.
The Stock Plan Services unit serves 124 corporate clients and 235,000 participants that hold about $30 billion in their employers’ stock. Incentive stock options, performance stock options and employee stock purchase plans are available through the platform. Employee Stock Ownership Plans are managed through Schwab’s Retirement Plan Services unit.
Now, participants can manage their stock options through an enhanced mobile application on their phone which will provide stock vesting details, track shares purchases and exercised or unexercised shares.
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