To find out what going independent could mean for you, contact us

The numbers tell a one-of-a-kind story. Only Schwab has been in the trenches with independent financial advisors for over 30 years. We have been a tireless advocate for the independent model and have committed thousands of people and millions in resources to make sure independent advisors have everything they need to grow and succeed.

30 Years

That’s how long Schwab has advocated for and supported the independent advisor industry.

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$1.3 Trillion

More assets under management than anyone in the industry with the resources, innovation, and insights to help you grow.1

100%

We’re focused on your firm’s total success – whether you’re considering independence or working toward your next billion in assets under management.

24/7, 365

The technology and services you need to compete with anyone.

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7,000

Our events bring together advisors from over 7,000 firms so they can learn, network, and exchange best practices.

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$1 Billion

Nearly three out of four firms with over $1 billion custody with us. Plus, we serve the most small and midsize firms.5

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1,000+

Firms participating in Schwab’s RIA Benchmarking Study.

This industry-leading study provides deep insight into where you stand relative to peers.

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1,800

Number of Schwab team members dedicated to custody, trading, and operations support.6

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1 and Only

We’re the leading custodian for independent advisors. Ready to go independent?

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We’re the leading custodian in the US for independent advisors with the resources, innovation and insights to help you grow.

Chart showing Schwab Advisor Services total custody versus competitors
x Infographic - Schwab Advisor Services Statistics
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Navigate your transition. Get key steps for making the move in this essential guide. Get the guide RIA Roadmap 

Complete this form, and the guide is yours to download.

This form helps us connect with the right people to answer your questions about transitioning to an independent advisor.

We’re proud to be a part of the fastest-growing segment of the financial services industry.


Thirty years ago, Schwab supported a small group of entrepreneurial advisors who challenged the industry with a fundamental belief: Independence is a better way. Today, our entire business is built to fuel the independent spirit of advisors. We’re always looking out for what’s next and innovating on advisors’ behalf.

1937

Investment Advisor Association formed, followed by the Investment Advisors Act three years later

1970

3,500 investment advisors

1971

Charles Schwab launches, bringing Wall Street to Main Street.

1974

Congress enacts ERISA; IRA introduced

1982

Schwab is the first to offer 24/7 order entry and quote service.

1984

Schwab introduces Mutual Fund MarketPlace® with 140 no-load funds. The company launches SchwabQuotes® and introduces The Equalizer®, a DOS-based technology solution that points the way toward an online future.

1987

Schwab officially launches Schwab Financial Advisor Service, with a trading desk exclusively for advisors.

1989

Schwab introduces Account Access Link (later becoming SchwabLink), a platform offering a wider range of online network services to advisors.

1991

Schwab launches the annual IMPACT conference, bringing together and highlighting independent advisor firms from across the country. To this day, it’s the largest conference for registered independent advisors of its kind. In 2007, Schwab announced the winners of the first IMPACT Awards™.

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1999

12,000 investment advisors

1999
  • Advisor Services launches web-trading platform with alerts.
  • Schwab Charitable launches (as “Fund for Charitable Giving”).
2006

Schwab launches the annual RIA Benchmarking Study, allowing participating independent advisor firms to gain key insights on their business metrics and performance relative to their peers. Over 1,000 firms participate each year in this industry-leading study.

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2010

Dodd-Frank Act

16,000 investment advisors

2011

Schwab launches a multiyear, multimillion-dollar ad campaign educating investors about independent advisors and the fiduciary standard. In 2013, a directory is added to help investors find independent advisors near them.

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2014
  • Schwab transforms the way advisors do business on our platform with eSignature, eAuthorization, and mobile.
  • Executive Leadership Program launches – the first MBA-caliber program for the next generation of RIA firm leaders.
2016

Schwab launches Cybersecurity Resource Program.

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2017

30-year anniversary serving advisors.