Institutional Intelligent Portfolios®
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The future of Institutional Intelligent Portfolios—iRebal®
One benefit of Schwab's integration with Ameritrade is the acquisition of some of the most innovative RIA tech platforms and capabilities on the market, including iRebal—our adaptable portfolio management and rebalancing tool.
As a part of our strategy to connect advisors with these powerful capabilities, we are consolidating our automated investing and portfolio management offer and beginning November 15, 2024, we will no longer be opening new accounts on the Institutional Intelligent Portfolios platform. We will eventually be retiring the platform in 2025.
Why the change?
Now that we can offer innovative tools gained through our Ameritrade integration, we can help you meet your clients' portfolio management needs through the iRebal platform. iRebal offers the flexibility and customization advisors have been asking us for with fewer limitations on models, no cash minimums and expanded available account types. There is no platform fee, so it's available to your firm at no additional cost. And iRebal is now integrated into Schwab Advisor Center® for ease of implementation.
What's next?
Firms can begin transitioning your client's accounts off Institutional Intelligent Portfolios now. Here's how. But don't worry—you have some time. All accounts will need to be off the Institutional Intelligent Portfolios platform by the fourth quarter of 2025.
Get to know iRebal
With the retirement of the Institutional Intelligent Portfolios platform, firms may need to choose another option for their portfolio management and automated investing needs. iRebal may be the right fit. If you'd like to get started, submit your iRebal interest here, and choose "Institutional Intelligent Portfolios" for your current rebalancer.
For more information on iRebal, check out the resources below to discover how iRebal can take the legwork out of rebalancing with its smart, flexible features.
We're here to help with your questions about Institutional Intelligent Portfolios
If you have questions about the retirement of Institutional Intelligent Portfolios or need additional support, contact the service team at 877-768-5280 or IIPService@schwab.com, or join an upcoming webcast and ask your questions live.
If you're not a client of Schwab Advisor Services™ and want to learn more, call 877-687-4085 or contact a local office.
For general informational and educational purposes only.
This material is for institutional investor use only. This material may not be forwarded or made available, in part or in whole, to any party that is not an institutional investor.
Institutional Intelligent Portfolios® is a technology and service platform made available by Schwab Performance Technologies ("SPT") to independent investment advisors ("Advisors") who maintain a business relationship with Schwab Advisor Services™, a division of Charles Schwab & Co., Inc. ("Schwab"). Schwab, a registered broker-dealer and member SIPC, provides custody, trading and support services. Brokerage products, including the Schwab One® brokerage account, are offered by Schwab. SPT and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other.
iRebal® is a technology offering of Schwab. Rebalancing does not protect against losses or guarantee that an investor's goals will be met. Market volatility, volume, and system availability may delay account access and trade executions.
Schwab affiliates earn revenue from the underlying assets in Institutional Intelligent Portfolios® accounts. This revenue comes from managing Schwab ETFs™ or SchwabFunds® and providing services relating to certain third-party funds that can be selected for the portfolio, and from the cash feature on the accounts. Revenue may also be received from the market centers where ETF trade orders are routed for execution.
The cash allocation in Institutional Intelligent Portfolios will be accomplished through enrollment in the Schwab Intelligent Portfolios Sweep Program (Sweep Program), a program sponsored by Charles Schwab & Co, Inc. By enrolling in Institutional Intelligent Portfolios, clients consent to having the free credit balances in their Schwab Intelligent Portfolios Solutions brokerage accounts swept to FDIC-insured Deposit Accounts at Charles Schwab Bank through the Sweep Program. Funds deposited at Charles Schwab Bank, SSB are insured, in aggregate, up to $250,000 per depositor, for each account ownership category, by the Federal Deposit Insurance Corporation (FDIC). The interest rate on cash balances in the Sweep Program is set on the first business day of each month equal to the seven-day yield (with waivers) for the Schwab Government Money Fund – Sweep Shares (symbol: SWGXX) as determined at the end of the prior month. See Current Interest Rates for more details. Charles Schwab Bank, SSB is affiliated with Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc.
Deposit Balances held in the Sweep Program at Schwab Bank are eligible for FDIC insurance up to allowable limits.
Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products, including the Schwab One brokerage account, are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.
Diversification, asset allocation, automatic investing and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets.
Institutional Intelligent Portfolios is designed to monitor a client's portfolio on a daily basis and will also automatically rebalance as needed to keep the portfolio consistent with the client's selected risk profile unless such rebalancing may not be in the best interest of the client. Trading may not take place daily.
Charles Schwab & Co., Inc. (member SIPC) receives remuneration from fund companies in the Mutual Fund OneSource (R) service for recordkeeping and shareholder services, and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.
Schwab mobile requires a wireless signal or mobile connection. System availability and response times are subject to market conditions and your mobile connection limitations. Functionality may vary by operating system and/or device.
Schwab does not provide investment planning, legal, regulatory, tax, or compliance advice. Consult professionals in these fields to address your specific circumstances.
Schwab Asset Management® is the dba name for Charles Schwab Investment Management, Inc., the investment adviser for Schwab Funds, Schwab ETFs, and separately managed account strategies. Schwab Funds are distributed by Charles Schwab & Co., Inc. (Schwab), Member SIPC. Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). Schwab Asset Management and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation, and are not affiliated with SIDCO.