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Technology that helps you put clients first

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6 months
A120982
Submitted by john.lee on Mon, 08/27/2018 - 19:39

Transcript

Andrew Salesky, SVP of Digital Advisor Solutions

Advisors are going through an exciting period of growth and change. And technology vendors have taken notice. There’s now a robust ecosystem offering you a choice of high-quality solutions across categories and price points. 

Our technology strategy

Amid all this change, we continually evaluate where we can provide the greatest value, taking advantage of our unique leadership position, scale, and breadth.  As a result, we are focused on two goals—creating the best, most operationally efficient custodial experience, and expanding our secure, deep integrations with leading tech providers that offer complementary solutions. 

Industry-leading custodial experience

We want to ensure every interaction with us is simple, easy and efficient. That starts with eliminating paper forms, so you can reduce errors and delays. We’re developing several digital tools to streamline core account-related tasks, from Account Opening to Moving Money, while providing you with more comprehensive Status. For example, we expanded eAuthorization to include checks and journals. So now your clients can securely approve almost all money movement requests, including wires, with a few taps on their mobile phone. You’ll be able to use a similar process with our new Digital Account Open tool.

At the same time, we’re also building out our investment management capabilities. Schwab Advisor Portfolio Connect™ offers a simplified approach to portfolio management for Schwab accounts—including features like Performance Reporting, Billing and Integrated Dashboards. We’re excited to provide all of this free of charge to our custodial clients. 

Broad, deep third-party integration

Many advisors use several third-party technologies. Each is important, but getting them to work together can be challenging, requiring separate operational management, including data re-entry. We’re streamlining our process and adding resources to accelerate the on-boarding of the providers that advisors value most. And of course, security and quality continue to be our ongoing focus and commitment. 

We’re also seeking to go deep in our integrations, to further optimize operations. We’ll achieve this objective by ensuring capabilities we develop for our proprietary platforms are available to third-parties. This approach will enable you to streamline end-to-end workflows like client onboarding. For example, you’ll be able to securely open an account, or change an address, through your CRM.

We'll keep you updated through events like IMPACT, webcasts, communications and more. We also want to hear from you. I encourage you to share your feedback directly or with your local Schwab team, ensuring we’re providing the technology you need. Thank you for your business and your trust in Schwab.  

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. ©2019 Charles Schwab & Co., Inc.. All rights reserved. (0119-9N4G)

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