SCHW · News · 20260903N

Long-Short SMA Demand

SCHWAB CHARLES CORP · 2026-09-03 · Importance 62 · Surprise 82

Charles Schwab raised the minimum asset threshold for tax-aware long-short accounts from $1 million to $10 million, effective September 16, 2026. The firm will also stop enrolling new clients in portfolio margin accounts. The restrictions follow at least three rounds of tighter controls and similar actions by Fidelity Investments, reflecting the growing complexity and service requirements of these strategies for advisors and clients.

Key facts

• This marks at least the third time Schwab has tightened rules for tax-aware long-short accounts. source
• Charles Schwab tightened risk controls for complex accounts. source
• Charles Schwab has raised the minimum asset requirement for tax-aware long-short accounts to $10 million from $1 million, effective September 16, 2026. source
• Charles Schwab will stop enrolling new clients in portfolio margin accounts. source