Schwab Stock Plan Services Launches Schwab Private Issuer Equity Services

Schwab Stock Plan Services today announced Schwab Private Issuer Equity Services, a complete equity management solution designed to support private companies in the late stages prior to IPO. This new offering makes Schwab's decades of experience managing equity programs for the world's largest public companies available to private company administrators looking for a partner that can scale with them.

“Private companies are staying private for longer and increasingly need sophisticated equity solutions and employee wealth management support,” said Adele Taylor, head of Schwab Workplace Services. “With this new offer, we are excited to provide private firms with a proven equity platform that can scale with them and their employees throughout a firm’s entire growth journey.”

Key features and benefits of the new offer include:

• Comprehensive equity management tools so that companies can choose how they want to manage their cap table: automating repeatable tasks, configuring dashboards and reports, and integrating with other related systems.
• Guidance and resources for employees to help them get the most out of their stock plans and bring Schwab’s robust planning and wealth management capabilities to the workplace.
• An experienced team and a scalable platform that will ensure a seamless transition for administrators and stakeholders when it’s time to take a company public.

The offer will be powered by Qapita, a leading equity management platform for private companies.

“With the IPO market thawing, the rebound will be led by some of largest, most sophisticated companies and the seamless transition through that process will be even more critical. This offer sets up clients in advance for the transition to the public markets, avoiding the need to select and convert to a new provider while dealing with all the other demands of an IPO,” said Andrew Salesky, Managing Director, Schwab Stock Plan Services. “By combining Schwab’s world-class service and Qapita’s flexible technology, we’re helping companies deliver stock plan experiences that support their growth journey and empower and reward the people who make that growth possible.”