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Are you an RIA?

Opportunity

Today's students are the future of the RIA industry. Schwab is committed to developing and driving young talent to RIA firms such as yours. Our summer internship program is one of the ways we do this. We designed the eight-week program to provide undergraduate students in financial planning programs with real-life work experience and equip them with a well-rounded understanding of the inner workings of an RIA firm.

Your opportunity

As an RIA and client of Schwab, you have the opportunity to connect with the next generation of RIA industry talent.

  • Host an intern. For interns, the time they spend at an RIA firm office is the highlight of their eight-week rotational program.  If your firm is located in the Orlando area and you'd like to host an intern in July, please contact your Schwab Relationship Manager for more details.
  • Meet the interns. We think many high-potential employees of the next generation need to better understand why working for an RIA firm is a worthy career aspiration. Who better to hear from than you or other members of your firm? If you would like to join the interns for an informal roundtable lunch in our Orlando office and share your perspectives and insights, please contact your Schwab Relationship Manager.
  • Hire an intern. Recruit program alumni who are interested in opportunities at RIA firms. We maintain a resume book, and your Schwab Relationship Manager can provide you with more details. 

Note: We will evaluate the in-person aspects of the Summer RIA Internship program as COVID-19 guidelines evolve.

What do RIA interns learn at Schwab?

Through a series of rotations, interns gain experience in areas such as Schwab's role as a custodian, client service and support, trading support, portfolio construction, and financial planning. The following summary provides a sample of the various rotations and training sessions from our most recent program. Each week is different and has been designed to build upon the lessons of the prior weeks.

Intern orientation & RIA overview

Intern orientation & RIA overview
  • Week 1
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
  • Week 1
    Week 2
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    Schwab Advisor Services™ (AS) custody and service experience
    • Learn SchwabAdvisorCenter™; Preview quality client experience support calls; introduction to service teams 
    • Initiate Schwab Intern Investment Challenge (ongoing through week 6); Strategic Planning Session 
    • Acquire networking and consultative skills; create an elevator pitch; learn positive language
    • Discuss fraud prevention; risk and controls Attend presentations and discussions with RIAs (ongoing throughout the remaining 7 weeks)
  • Week 1
    Week 3
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    AS client support 
    •  Review client support services (i.e. Schwab Alliance; advisor enrollment; cost basis and client reporting; Trust, International, and Retirement Business services); 
    • Discuss Charles Schwab Investment Advisory Operational Due Diligence and Charles Schwab Investment Management; Schwab Managed Portfolio Team 
    • Understand complex and managed accounts; alternative investments; Schwab Advisor Portfolio Connect™ 
    • Enhance effective email communication 
    • Introduce technology capstone (weeks 3-7); Salesforce; CRM 
  • Week 1
    Week 4
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    Professional and industry skills development 
    • Discover Service with Emotional Intelligence; enhance resume writing skills; participate in advisor case study exercises 
  • Week 1
    Week 5
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    RIA firm on-site experience 
    • Attend RIA firm on-site visits (3 days) – introduction to the firm’s business, service models, operations, client experience, and marketing strategies 
    • Participate in RIA industry mock-interview 
    • Review technology scorecard  
  • Week 1
    Week 6
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    Portfolio consulting & financial planning 
    • Engage in portfolio consulting and construction; financial planning overview and case study; Schwab Advisor Network® 
  • Week 1
    Week 7
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    Trade support and networking 
    • Learn about equities; mutual funds; options; ETFs; trading platforms 
    • Attend SOLUTIONS® 
    • Conduct mock-client meetings
  • Week 1
    Week 8
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    Professional development 
    • Prepare and practice final presentations; present to AS senior management
  • Week 1
    Week 1-8
  • Intern orientation & RIA overview 
    • Distinguish Schwab's history, strategy, and culture 
    • Review client onboarding, relationship management, and client experience 
    • Introduce the RIA model; RIA Benchmarking; economic model 
    • Understand the guiding principles for advisory firm success 
    • Develop facilitation and presentation skills; attend presentations and discussions with RIAs (ongoing throughout the 8 weeks)  
    Final presentation development 
    • Understand the concept of firm differentiation and its value 
    • Research industry growth projections and potential effects on the marketplace 
    • Develop innovative ideas that will enable the success of future RIA firms 
    • Collaborate with teammates to prepare and deliver an engaging presentation

Internship program

Why hire alumni of the Schwab Advisor Services RIA Internship Program?

Alumni of the Schwab Advisor Services RIA Internship Program have gained a comprehensive understanding of and training in the RIA model and custodial relationship. These driven individuals also bring real-world work experience within an RIA firm. If you custody with Schwab, you can leverage our RIA Intern Program Resume Book to help source your next hire.* The alumni resume book lists individuals who have completed our intern program and are now actively seeking employment with RIA firms.

We had three great interns! I was very impressed with their overall quality—not just academically, but their character as well. The impact they had on us was surprising. It was energizing for us as we interacted with them.

Chuck Watts, United Capital

Questions?

(0920-00U8)

For institutional use only. 

*This RIA Intern Program Resume Book ("Book") is intended solely for use by independent investment advisory firms that do business with Schwab Advisor Services®. The intern program is designed to help prepare college students for entry into RIA firms upon graduation, but provides no guarantees regarding the capabilities or suitability of alumni for employment. Please be aware of the following limitations:

  • Schwab does not make any representations or warranties concerning any of the interns listed in the Book, including and without limitation, the accuracy or completeness of their resumes or their ability to enter into or fulfill the requirements of any employment relationship.
  • Completion of the program does not confer any certificate, credential, or evaluation on the participating intern, and advisors should not construe their participation and listing in the Book as a recommendation to hire, an endorsement, or a sponsorship by Schwab.
  • You must decide whether to hire any employee and his or her appropriateness for you or your firm.
  • Schwab has not verified the information in any of the resumes and has not performed background checks or other due diligence on the interns with the intent that you rely on it. You should perform your own verifications.

*Schwab does not make any representations or warranties concerning the employers or candidates that list on the Career Opportunity Service, including the ability of any employer or candidate to enter into or fulfill the requirements of any employment relationship or the terms and conditions of employment.


The content contained herein is for general informational purposes only, and is not intended to provide specific employment, regulatory or legal advice. The listings contained are of third parties who are not affiliated with nor employed by Schwab. Schwab makes no representation about the appropriateness of the information in this document for any given situation. It is important that you consider the information contained here in the context of your own needs and objectives. For further information and guidance, you should consult with your legal and human resources advisors.


Charles Schwab Investment Advisory, Inc. ("CSIA") is an affiliate of Charles Schwab & Co., Inc. ("Schwab").


Schwab Advisor Services™ includes the custody, trading, and support services of Charles Schwab & Co., Inc. ("Schwab"), a registered broker-dealer and member SIPC. Schwab Performance Technologies® (SPT), like Schwab, is a subsidiary of The Charles Schwab Corporation. Schwab provides brokerage services, while SPT licenses software and provides related technology products and services. PortfolioCenter® is a product of SPT.


Schwab Charitable is the name used for the combined programs and services of Schwab Charitable Fund, an independent nonprofit organization. Schwab Charitable Fund has entered into service agreements with certain affiliates of The Charles Schwab Corporation.