Perhaps that page was just changed, but it now reads $1K min. Worth pointing this out to Schwab if they still balk at opening the account for less than $100K.

I did and will do so again, but this time in an email to the rep that I work with.

However, as you stated, APDKX is also available (albeit with a transaction fee), so I'd be inclined to go in that direction. You've already got Schwab agreeing that you can open a new account in Artisan International Value, so at this point it's just a quibble over the share class.
You might also look into converting the Roth shares to APDKX. A straight conversion might even help avoid the transaction fee. I haven't done this at Schwab, but I've tried conversions at Fidelity with mixed results:

Agree.

Lesson learned: one may be right about the rules, but one still needs to get the fund company to cooperate. If you can't do a straight conversion in the Roth, you could look at buying $1K of APDKX (to establish the Roth account), then selling all ARTKX shares and buying more APDKX shares. You'll get charged a transaction fee but you'll have cheaper shares for the long run.

Agree.

Finally, if all else fails and Artisan won't let Schwab open APDKX accounts, you could try opening the accounts directly at Artisan and then transferring them in-kind to Schwab. However, at Artisan, APDKX has a $250K min (see prospectus), so you might have to do some maneuvering to temporarily boost your account (and then sell off some shares when the account is moved to Schwab).

Artisan will allow Schwab to open ARTKX or APDKX. Artisan told me that the minimum initial purchase is up to Schwab. We are back to Schwab's website which says 1,000 minimum for either share class for an IRA. Schwab's website also says $2,500 initial minimum for a "Basic" account. I take this as meaning a regular non-retirement account. While I do believe that the minimum initial for ARTKX has always been $1,000, I always thought that $250,000 was the minimum initial for APDKX.
Let's assume for the moment that $250,000 is the minimum initial for APDKX and Schwab is recalcitrant regarding $100,000 as the minimum initial for ARTKX. As a last resort, I can purchase $100,000 of ARTKX and the next day sell as much as I want and pay the Short-Term Redemption Fee.

However, there was caveat, which is the minimum initial investment amount is $100,000. This is on Schwab's website.
https://www.schwab.wallst.com/Prospect/Research/mutualfunds/summary.asp?symbol=ARTKX
Perhaps that page was just changed, but it now reads $1K min. Worth pointing this out to Schwab if they still balk at opening the account for less than $100K.
However, as you stated, APDKX is also available (albeit with a transaction fee), so I'd be inclined to go in that direction. You've already got Schwab agreeing that you can open a new account in Artisan International Value, so at this point it's just a quibble over the share class.
You might also look into converting the Roth shares to APDKX. A straight conversion might even help avoid the transaction fee. I haven't done this at Schwab, but I've tried conversions at Fidelity with mixed results:
- I had an unusual share class of one fund. When the "A" shares were given NTF status (load-waived, no fee), I asked to convert my shares to A shares to shave a few basis points off the ER. Fidelity was willing but said that the fund company had to allow it, and they wouldn't. (This was in a taxable account, so I wasn't going to sell at a gain to repurchase on my own.)
- I had retail shares of closed fund. The fund prospectus said that any owner of that fund could open another account in the same fund. So when I had enough to qualify for the institutional share class, I asked Fidelity to convert the shares. Here too, the fund company balked at the idea of opening a new account, regardless of what the prospectus said. The fund company finally agreed once it realized that I was just converting an existing account. But that shouldn't have mattered.
Lesson learned: one may be right about the rules, but one still needs to get the fund company to cooperate. If you can't do a straight conversion in the Roth, you could look at buying $1K of APDKX (to establish the Roth account), then selling all ARTKX shares and buying more APDKX shares. You'll get charged a transaction fee but you'll have cheaper shares for the long run.
Finally, if all else fails and Artisan won't let Schwab open APDKX accounts, you could try opening the accounts directly at Artisan and then transferring them in-kind to Schwab. However, at Artisan, APDKX has a $250K min (see prospectus), so you might have to do some maneuvering to temporarily boost your account (and then sell off some shares when the account is moved to Schwab).

Expansion of SSI (Supplemental Security Income) Benefits for low income households will be effective 9/30/24. SSI eligibility (65+ or disabled) will be easier, some government benefit payments won't be counted, and reporting requirements will be fewer. There are no work requirements for SSI as there are for SSDI.
https://www.cnbc.com/2024/05/10/how-social-security-administration-will-expand-access-to-ssi-benefits.html
https://www.ssa.gov/ssi
https://www.ssa.gov/pubs/EN-05-11000.pdf
https://www.ssa.gov/benefits

The CD in the TOD account could be covered for even more if you've got multiple beneficiaries on the account. As I described above, that CD gets $250K coverage for each beneficiary, up to a max of 5 ($1.25M). That's in addition to the $250K for the IRA as yogi described.
Here's the relevant section from Fidelity's CD Disclosure Statement:

Trust Accounts. Effective April 1, 2024, deposits ... are insured for up to $250,000 per eligible beneficiary, multiplied by the number of beneficiaries, up to a maximum of 5 eligible beneficiaries:

• Informal revocable trusts .... These trusts may be referred to as a “Totten trust” account, “payable upon death” account, or “transfer on death” account. ...

https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fixed-income/cddisclosure.pdf

@fred495, because your CDs will be in different ownership categories (taxable Brokerage TOD & Brokerage IRA), they would each be covered for $250K even when at the same bank.
You may also try using the FDIC calculator that @msf linked (it requires too much info for generic use),
https://edie.fdic.gov/calculator.html
BTW, most major brokerage have the FDIC coverage at the brokered CD level, but some small brokerages may have an aggregate brokerage level FDIC coverage. Double-check this.

You can have brokered CD from a bank, and then at bank itself, you can have personal a/c, joint a/c, IRA a/c, multiple POD/TOD CDs. Under the current system, all that can add up to a lot at the same bank. But the new FDIC limit will be $1.25 million for all assets associated with a person.

Sorry, yogi, to bother you again, but I am having a bit of a problem finding five highly rated national banks at my brokerage for my five $250K CDs with FDIC insurance.
Reading your above statement, it seems that if I opened a $250K CD in my TOD brokerage account, and another 250K CD in my brokerage IRA account, they would both be FDIC insured even though they are purchased from the same bank.
Am I reading/understanding this correctly?
Thanks, again, for your help. Much appreciated.

Hi @hank and @MikeM and et al
LCR vs LCORX

135 day chart

This short term time frame is from October 26, 2023; when both many U.S. equity and bond sectors began to advance from a sleepy period.
This chart is fully 'live' for your future use. At the very top one may enter whatever valid ticker(s). Separate multiple tickers with a 'comma'. Do the 'enter' key thing. Now, at the page bottom one will see 200 days (which is default). Double click this number (it will highlight), then type in 135 days, do the 'enter' key again, to load the chart back to October 26, 2023. This number will have to be adjusted as the calendar moves forward, but is valid for use as of May 10, 2024. At the bottom left is also a 'red/green' icon. Select this for a bar chart and more easily readable 'total' returns. One may switch back to the link graph when 'selecting' the graphic icon.
NOTE: at the days icon, one may right click for a default drop down list of time frames. ALSO at the days area, one may double click the number there and enter any number of days to move backwards in 'calendar' start dates of your choice.
I think I have all of the easy steps in place. Let me know, otherwise.
Save this 'StockCharts' site page, for future use, in your favorites list.
Remain curious,
Catch

Multisearch worked for me at 0525 MST.

The Week in Charts (05/05/24)
The most important charts and themes in markets, including...
00:00 Intro
00:24 Topics
01:15 Labor Market Cooling
04:18 Bad News Is Good News?
07:31 Will the Unwind Ever Happen?
09:20 The Next Fed Move
13:04 Manufacturing/Services Slowdown
14:20 The Undisputed King of Buybacks
16:31 The Amazon Economy
20:09 Higher Multiples
22:05 New Housing Highs
23:30 A Renter's Market
Video

Doug Ramsey, LCORX portfolio manager, is cited today (but not quoted directly) as part of a daily market recap by Bloomberg Media. (subscription required)
“To Doug Ramsey at Leuthold, another 10% gain in the S&P 500 isn't out of the question, at least statistically. He analyzed 80 years of data on bull-market rallies, focusing on those that happened when unemployment was this low and the economic cycle this mature. If the current rally meets the prior records for length and height, the S&P 500 would end the year at 5,705.”
Sounds somewhat at odds with Leuthold’s take on the markets six months ago as capsulized by @David_Snowball in his November 2023 MFO Commentary :
”Leuthold: the lights have all turned red, time to lighten up on stocks“
Possibly Mr. Ramsey feels the lights have now turned from red to orange (proceed with caution)?
Or perhaps his reference is meant merely to reflect the irrationality of today’s market participants?
Or, more likely, Ramsey’s assessment may be intended only to characterize near term market sentiment and does not represent some fundamental change in Leuthold's longer term outlook.
Interesting nonetheless …

The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks.
That's the bank limit for all trusts only. Each ownership category still gets its own $250K per owner, except trust coverage is calculated per owner per beneficiary. (A trust with two owners and 5 beneficiaries gets coverage of $250K x $2 owners x 5 beneficiaries = $2.5M.)
A POD account is considered a trust account and an IRA is considered a "certain retirement account" - two different ownership categories. So the former is covered up to $250K/beneficiary and the latter gets its own $250K limit.
The rule change is that the coverage on trust accounts is limited to $250K/beneficiary per trust owner, but now only up to 5 beneficiaries, i.e. up to $1.25M if you name five or more beneficiaries. It used to be that if you named six beneficiaries, you'd get 6 x $250K = $1.5M coverage.
(There is a second rule change that combines revocable trusts and irrevocable trusts into a single ownership category.)
So if you have
- $1.8M in a POD with 6 beneficiaries and
- $300K in an IRA (retirement account) at the same bank
you used to get $1.5M coverage for the POD (6 x $250K) and $250K coverage for the IRA.
Now, you get $1.25M coverage for the POD and $250K coverage for the IRA. The remaining $550K in the POD and the remaining $50K in the IRA are uninsured.
You can check this with the FDIC calculator. https://edie.fdic.gov/calculator.html
For a complete description, see:
https://www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits/index.html

MFO Premium FLOW for MRFOX shows huge AUM growth in 2 yrs.

Positive vibes on this fund is for a couple reasons. Long term record going back 30 years with same strat is outstanding vs sp500. Up/ downside not even close. Very experienced fund MGMT, not just one star manager. Doesn't hold any of the glamour tech stocks
Negative vibes are doesn't hold any of the glamour stocks. Concentrated. Hope they don't get stuck so to speak in large positions ala AKREX.
Still my largest position but watching it like a hawk.
Best regards
Baseball fan

@fred495 - to reinforce yogi, the trick here is to buy brokered CDs through your brokerage, and spread them around through different banks. Maybe 50k here, 50k there.

However, my plan is to buy five CDs through my brokerage firm in my TOD and in my IRA accounts at $250K each, for a maximum of $1.25 million. Of course, I will spread the CDs around at five different banks.
Do see a problem with that in terms of being fully covered by FDIC insurance?

@fred495 - to reinforce yogi, the trick here is to buy brokered CDs through your brokerage, and spread them around through different banks. Maybe 50k here, 50k there. I try to look for banks that are more or less main-line. But be careful on "callable"- Morgan Chase has good rates but their stuff is mostly callable before maturity.
Also consider Treasury bonds- I use Schwab, and at the moment Treasury maturity rates in the secondary markets are pretty close to CD rates. My ladder goes out to early 2028, with a mix of CDs and Treasuries.

You can have brokered CD from a bank, and then at bank itself, you can have personal a/c, joint a/c, IRA a/c, multiple POD/TOD CDs. Under the current system, all that can add up to a lot at the same bank. But the new FDIC limit will be $1.25 million for all assets associated with a person.
Since you are planning to buy brokered CDs from DIFFERENT banks, you are well covered just by the $250K FDIC limit per bank.
As I read your OP, you shouldn't be concerned. But don't fish for bad banks thinking that FDIC will protect you. In a way, it will if the bank fails, but your CDs may be reissued at lower rates.

The relentless inflows continue with April inflows. Each month this year saw more inflows than the previous month or at anytime in the history of the fund. With its short term redemption fees, this is a fund for long term holders so YTD performance is not necessarily important but it happens to be at 57 percentile rank at M* in the large growth category (misclassified? In stock style history, the fund is in the large growth box in 2024 but in Stock Style Map it is on the border of growth and blend, and in blend category it seems to do fine.). Fund still not available at Fidelity. I do not have any other update. Any one else?

The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks. The FDIC coverage kicks in when the bank fails.
For cash and securities held at brokerage, the SIPC insurance limits would apply. The SIPC kicks in when the brokerage fails.

Thanks for your reply, yogi.
However, I am confused when you say that: "The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks."
Based on my example, which "various tricks" are you referring to? How should I modify my plan to avoid using any "tricks"?
Thanks.

The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks. The FDIC coverage kicks in when the bank fails.
For cash and securities held at brokerage, the SIPC insurance limits would apply. The SIPC kicks in when the brokerage fails.

Here is, I am sure, a stupid question, but I need some reassurance.
I have a TOD and an IRA account at a brokerage firm. Before CD rates decrease, I plan to purchase several CDs in both accounts from different banks.
Does the FDIC insurance maximum of $250,000 apply to the CD's of each bank, or to the TOD and/or IRA brokerage account?
In other words, can I have, for example, three CDs of $250,000 each in three different banks in my IRA brokerage account, and two CD's in my TOD account also of $250,000 each in other non-overlapping banks, and be fully FDIC insured for a total of $1,250,000?
Your reply is much appreciated.