When it comes to independent advisors, we’re all in. Today, over half of the firms we serve have under $100 million in AUM with us. You're the future of this industry.
This is our commitment to you and to every client we serve:
Industry-leading custody services, with no AUM minimums, no custody fees – and no intention to raise them
Because we believe that every firm of every size deserves world-class support.
Best-in-class technology and open architecture, including a rapidly growing network of third-party providers
We give you freedom to choose technology that fits the way you want to work.
The best and the brightest service professionals in this industry
With deep experience helping firms just like yours, and a commitment to seeing the world through your eyes.
In-depth practice management consulting and insights for every firm on our platform
From our industry-leading RIA Benchmarking Study to cybersecurity resources and more, we help you grow and stay on the leading edge.
An account opening process that is digital and streamlined
We’re making conversion easy for you with a digital account opening process, so you can bring clients on board securely with just a few clicks.
To the over 7,500 firms who’ve been with us on this journey, thank you. If you’re considering independence, maybe now is a good time to get to know us.
We welcome your thoughts
See what others advisors like you are asking with frequently asked questions. Don't see the answer you need? Let's talk. Fill out this form and we'll be in touch.
Frequently asked questions
Frequently asked questions
- What is the Pledge and why was it created?
Although Schwab has always supported advisors in this way, recent commentary in the marketplace and media prompted us to reiterate our commitment to the clients we serve, as well as the professionals who are considering becoming an RIA. Our Pledge lays out how Schwab supports advisors and what they can expect from us. It represents our unwavering commitment to advisors of all sizes and re-affirms our ongoing support to advisors at every stage of their journey.
- Is it true that Schwab does not charge custody fees or require minimum AUMs?
It's true. Schwab does not charge custody fees or require minimum assets under management to be on our platform. Furthermore, we have no intention of raising fees on any advisors, small or large. We do not aim to change the economic relationship we have with advisors by instituting a different fee structure, unless advisors tell us they would like to do something differently.
- Is Schwab committed to serving advisors with under $100 million in AUM?
Advisors with under $100 million in AUM have been important to Schwab Advisor Services since the very beginning. In fact, working with individual independent entrepreneurs is how we started out in this business. Below are examples of how we invest in technology and design experiences to support these and all advisors we serve including:
- Portfolio Connect, which is available to advisors at no cost
- Introduction of a virtual practice management program designed to help advisors plan and prepare for the future and protect the trust they’ve built with clients
- Reduction in pricing of transaction-fee mutual funds to a flat rate of $25
- Targeted live-streaming events covering topics ranging from regulatory and legislative updates, thought leadership and cybersecurity
We view this segment of the RIA industry as the future of this industry.
- What is Schwab's commitment to open APIs and third-party technology integrations?
Schwab's technology platform has always strived to offer advisors a depth and breadth of choice. Open architecture and integrations with leading third-party technology providers are essential elements in delivering advisors the technology experience they and their clients expect.
We have over 80 strategic providers offering direct integration with our comprehensive digital platform, and we have plans to add more. Many of the largest 3rd party providers recognize us for having the most secure, high quality APIs, making it easy to build meaningful experiences for advisors. With over half of our advisors using these capabilities to work more seamlessly, we're committed to continuing to expand and deepen these capabilities to support the way you want to work.
While no decisions have been made on the advisor technology road map we will follow given the recent announcement regarding TD Ameritrade, whatever comes out on the other side of the potential acquisition will be the best combination of technology from each of the custodians.
- Will advisors currently on TD Ameritrade's platform be required to 're-paper'?
The vast majority of advisors currently on the TD Ameritrade platform will not need to 're-paper' when they migrate to the Schwab platform as a result of the proposed deal. For all of our clients, we're making account opening easy with a digital process designed to help advisors bring new clients on board securely with just a few clicks.
- How will Schwab fulfill its Pledge?
We will fulfill our Pledge to advisors by continuing to do what we've always done – deliver service and support in a way that meets the unique needs of the 7,500+ advisors we serve. Schwab has a team of over 1,800 unmatched service professionals dedicated to custody, trading and operations support. Each and every one of us begins each day committed to helping advisors succeed.
Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Schwab. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.