Investment Products and Service Launches

Schwab Partners with eShares; and USAA Deploys Military Retirement Comparison Tool.

By Javier Simon | March 09, 2017
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Schwab Partners with eShares

Schwab Stock Plan Services announced an agreement with online equity management firm eShares, which allows the clients of eShares to transition their employee equity plans to Schwab’s stock plan administration platform, as they prepare to enter the public market.

This service aims to help pre-IPO companies manage their employees’ equity electronically, making it easier for businesses to track everyone on their capitalization table, while enabling employees to see all their holdings in a single place. At the time of an S-1 filing, eShares clients’ data will automatically transfer onto the Schwab platform.

“An IPO is an exciting but demanding period in a company’s lifecycle. Our agreement with eShares allows us to lessen the administrative burden that comes with managing an equity compensation plan and to develop a roadmap for a smooth transition through the IPO process and beyond,” says Marc McDonough, vice president of Schwab Stock Plan Services.

Henry Ward, founder and CEO at eShares adds, “Our clients expect a great user experience and depend on our online platform to securely monitor and track the value of their equity. In working with Schwab, we are confident that companies heading toward an IPO will be provided with the robust participant experience and equity compensation expertise that their employees will need.”

NEXT: USAA Deploys Military Retirement Comparison Tool