Managed Accounts & Turnkey Asset Management Providers (TAMPs)
Easily integrate managed accounts into your firm's offer
Schwab Managed Account Services™ was custom-built for Registered Investment Advisors (RIAs) and makes it easy to do business with an array of money managers. Choose from single- or dual-contract structures, or use a combination of both to find separately managed accounts (SMAs) that best fit your clients' needs. Our experienced service and operations teams provide support, while our consulting group focuses on providing the information you need to make thoughtful decisions on money managers and investment strategies.
Eliminate fee negotiation and streamline administration
Together, Managed Account Select® and Managed Account Access® make up Schwab's single-contract option. Both are wrap-fee programs sponsored by Schwab. To complement the benefits of SMAs, including the flexibility and the tax efficiency that direct ownership allows and transparency into holdings, we work with the money managers included in each program to negotiate account minimums and fees—eliminating this step for RIAs and streamlining account setup and maintenance.
Charles Schwab Investment Advisory, Inc. (CSIA) researches, evaluates, and provides ongoing operational and investment due diligence of money managers and investment strategies in Managed Account Select. CSIA also supplies research for advisors, including quarterly strategy profiles, reviews, and comparative reports.
With Managed Account Access, advisors must conduct their own research and investment due diligence on the hundreds of money managers and investment strategies available. Ongoing operational evaluations of non-affiliated money managers is conducted by CSIA.
Control pricing by negotiating directly with money managers
Managed Account Marketplace® is a dual-contract platform that allows RIAs to negotiate directly with their preferred money managers, who make available thousands of investment strategies from which to choose, while still benefiting from the brokerage and custody services of Schwab. Money managers and investment strategies available through this platform are not evaluated by Schwab or CSIA.
Compare Schwab's Managed Account Platform solutions
Wide selection of money managers and investment strategies
|Fees and minimums pre-negotiated by Schwab||✓||✓|
Money manager due diligence conducted by CSIA
|Investment strategy research & performance monitoring conducted by CSIA||✓|
For more information, please refer to the Managed Account Platform section of our Service Guide.
Research, monitor, and select managed accounts
Schwab offers support to help you make managed account investment decisions, including:
- Available money managers: Resource to help locate specific money managers and their investment strategies available on the Schwab platform. If the money manager you are looking for is not on this list, please contact your Relationship Manager for more information.
- Quarterly profiles, reviews, and comparatives: Resource from CSIA with investment strategy performance details.
Schwab's Managed and Advised Account Operations offers operational support, including assistance with client applications and maintenance forms, for new and existing managed accounts.
Schwab's Investment Management Consulting Group (IMCG) analysts can provide useful information about SMAs and the money managers and investment strategies available on Schwab's platforms to help you make more informed decisions for your clients.
As part of the consultation, the IMCG can help generate client-facing proposals and reports that detail your chosen investment strategy's performance. Proposals can include hypothetical blends, customized analytics, and benchmark comparisons.
Save time for what matters most by leveraging TAMPs
Schwab also provides access to a variety of TAMPs through Managed Account Marketplace. These TAMPs can handle many time-consuming functions, such as asset or money manager research, portfolio construction, investment management, sales support, and performance reporting.
When working with a TAMP through Schwab, invested assets will continue to be custodied at Schwab with all account activity, balances, and positions reported directly to the appropriate TAMP. The TAMP can then use the data to deliver customized client reporting and back-office services.
Some TAMPs also offer unified managed accounts (UMAs). These solutions can hold a range of investment products—such as separately managed accounts, mutual funds, and ETFs—in a single account.
Learn more about managed accounts
Get more information about using managed accounts with Schwab in our Managed Account Solutions brochure.
Contact us to find a local representative.
These managed account products are made available to investors through an advisor.
Investments in managed accounts should be considered in view of a larger, more diversified investment portfolio. Services may vary depending on which money managers you choose, and are subject to a money manager's acceptance of the account.
Neither Schwab nor the Investment Management Consulting Group ("IMCG") analysts provide advice or recommendations regarding managed accounts, MMs, or securities to investment advisors or their clients.
Please read the Schwab Managed Account Services™ Disclosure Brochure for important information and disclosures regarding the Managed Account Select® ("Select") and Managed Account Access® ("Access") programs. In addition, please read the participating money manager's ("MM's") disclosure brochure, including any supplements for important information and disclosures. Investments in managed accounts should be considered in view of a larger, more diversified investment portfolio. Services may vary, depending on which MM you choose, and are subject to an MM's acceptance of the account.
The Select and Access programs are sponsored by Charles Schwab & Co., Inc. ("Schwab"). The MMs in Select are not affiliated with Schwab. Charles Schwab Investment Advisory, Inc. ("CSIA") is an affiliate of Schwab. In Select, CSIA conducts an operational evaluation of MMs, monitors the MMs performance periodically, and provides research. In Access, CSIA conducts operational evaluations of unaffiliated MMs. Schwab does not provide advice or recommendations regarding managed accounts, MMs, or securities to investment advisors or their clients. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.
The Managed Account Marketplace® ("Marketplace") platform is not a program sponsored by Schwab. Marketplace is an open architecture platform that gives investment advisors and their clients' access to separate account managers and turnkey asset management providers (TAMPs). Participating money managers (MMs) and TAMPs need to establish a contract and have system compatibility with Schwab in order to be in Marketplace. The MMs, TAMPs, and their investment strategies available in Marketplace are not evaluated by Schwab. TAMP services may vary depending on which TAMP you choose. Schwab does not recommend or endorse any particular TAMP. Schwab is not affiliated with any of the TAMPs available in Marketplace. Schwab makes no representation or warranty about any TAMP or its suitability for your clients. Schwab does not guarantee the accuracy of the information about the services provided by any particular TAMP.