We will also be offering a limited number of hedge funds to Accredited and/or Qualified investors. These funds will generally execute similar strategies as our Private Accounts, but with significant benefits to clients. By pooling multiple client assets into larger funds, diversification is enhanced. This is especially important when dealing with individual option contracts which can fluctuate dramatically from day to day. Clients will generally see reduced volatility of results. Client fees are also structured differently and will generally be lower for hedge fund clients than for that same client invested in a Schwab private account.