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Our portfolio management strategy

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6 months
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.

Schwab Advisor Services™ provides custody and trading, as well as technology and other support services to independent investment advisors. It includes the custody, trading, and related support services of Charles Schwab & Co., Inc. (“Schwab”), a registered broker-dealer and member SIPC. It also includes the technology and related products and services of Schwab Intelligent Technologies (“SIT”) and Schwab Performance Technologies® (“SPT”). Schwab, SIT, and SPT are affiliated as separate subsidiaries of The Charles Schwab Corporation, but their respective products and services are independent of each other. Schwab Advisor Portfolio Connect™ and PortfolioCenter® are products of SPT. Schwab OpenView Gateway® is a service of SIT that facilitates integration of data about accounts custodied at Schwab with third-party technology solutions used by independent investment advisory firms. Schwab Advisor Center® and Schwab Alliance are products of Schwab and are solely offered to advisors who custody with Schwab.

Schwab OpenView Gateway participants, other than SPT, are independent companies that are not affiliated with SIT or any of its affiliates. Their participation is not a recommendation or endorsement of, or referral to, the provider by SIT or any of its affiliates. Neither SIT nor any of its affiliates makes any representation or warranty about information furnished by any participating provider other than SPT. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by them. Participating providers are required to develop the interface needed for integration, which once developed, will be subject to validation and successful pilot before becoming available to advisors. This material is for institutional investor use only. This material may not be forwarded or made available, in whole or in part, to any party that is not an institutional investor. This presentation is for general educational purposes only. ©2018 Charles Schwab & Co., Inc.. All rights reserved. (0818-8KJL)

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