Advisor Services

To expand the menu panel use the down arrow key. Use Tab to navigate through submenu items.

Our portfolio management strategy

Member for

1 month 1 week
Schwab ID
Submitted by john.lee on Wed, 08/29/2018 - 15:16


Lauren Wilkinson, VP of Digital Advisor Solutions

I’m Lauren Wilkinson, Vice President of Digital Advisor Solutions at Schwab. I’m excited to share an update on our portfolio management strategy. I am pleased to announce that we’ve begun the phased rollout of our newest portfolio management offer, Schwab Advisor Portfolio Connect. This is a simplified approach to portfolio management—free of charge for Schwab accounts. Portfolio Connect provides account performance with time-weighted return, interactive dashboards, and billing and reporting at the account and household level. There is no more need to download and reconcile data—it’s all provided right in the platform you and your team use every day, Schwab Advisor Center.

Looking at the broader technology ecosystem, advisors now have more options than ever when it comes to portfolio management. Many technology providers offer sophisticated systems at a variety of price points. As we evolve Schwab’s portfolio management offer, we look to provide the most value for all the advisors we serve, taking advantage of our unique leadership position, scale, and breadth. Our goal is to provide advisors with a different choice in portfolio management, offering a more scalable, cost-effective option for managing accounts custodied at Schwab.

Early feedback has been very positive. Advisors who have had a chance to explore Portfolio Connect have shared that it’s intuitive, easy to use and the right balance of flexibility without being too complex. We are building out additional features these advisors have told us are critical, as we extend it more broadly into 2019.

For advisors with multi-custodial needs, we will continue to offer PortfolioCenter, as well as integration with leading third party portfolio management systems. Advisors can see real-time Schwab data and soon will be able to transact on Schwab accounts directly from systems like Tamarac, Orion, Addepar, Morningstar, and Advent. We are expanding into other areas of wealth management, including financial planning with eMoney, MoneyGuidePro, and Riskalyze.

I‘m very excited about the future of portfolio management at Schwab. You’ll have the chance to try out these new capabilities over the coming months, and I look forward to hearing your feedback.

Show Social Media
Include in Schwab Investing Insights email alerts