The RIA Economic Discovery Tool
You've spent years building a book of business. Now, see what could happen when you own the firm behind it. This tool uses real industry data to help you break down the numbers, so you can understand the income, expenses, and earning potential of your firm.
See how independence can add up
Use the tool below to model your firm in minutes and get a personalized report on profitability, growth potential, and long-term equity.
This calculator is for illustrative purposes only and should not be considered a guarantee of results or performance.
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1. According to SEC Filings, August 2025.
The Economic Discovery Tool (Tool) is intended solely for use by investment professionals.
The Tool simulates the pro forma financial results of various hypothetical scenarios for establishing, operating, joining, and/or selling an investment advisory practice or firm and compares those simulated outcomes to various alternatives. The scenarios and alternatives covered are not exhaustive and may not be representative of those you actually encounter. Moreover, the simulated pro forma results are materially dependent on various assumptions and inputs, some of which are made and specified by you and some of which are static. These assumptions and inputs may not reflect actual circumstances, and thus the Tool is inherently limited and intended for general informational purposes only. The simulated pro forma results do not reflect, and are not guarantees of, actual or future results. Your actual results may be materially different than those simulated. Schwab makes no warranty of the accuracy or completeness of the Tool or the simulated pro forma results and shall have no liability for your use of the Tool.
The Tool is not intended to provide financial, investment, legal, tax, regulatory or compliance advice. Consult professionals in these fields to address your specific circumstances.
The results generated in this report are inherently limited and rely on certain assumptions, including information provided by the advisory firms and investment professionals that participated in the Charles Schwab RIA Benchmarking Study. Schwab did not independently verify Benchmarking information nor did it examine the investment performance or client service levels of the participating firms. The report may not be representative of others with similar circumstances and your results may vary significantly.
See Terms of Use prior to using the tool.