Managed Accounts & Turnkey Asset Management Platform Providers (TAMPs)
Easily integrate managed accounts into your firm’s offer
Schwab’s robust Managed Account Platform was custom-built for Registered Investment Advisors 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 service team backs you up with strong operational support, while our consulting group focuses on providing the information you need to make thoughtful decisions on firms and 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 have worked with the managers included in each program to negotiate account minimums and fees—eliminating this step and streamlining account setup and maintenance.
Charles Schwab Investment Advisory, Inc. (CSIA) researches, evaluates, and provides ongoing 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 due diligence on the hundreds of money managers and investment strategies available. Managers and strategies on this platform are not evaluated by Schwab or CSIA.
Control pricing by negotiating directly with money managers
Managed Account Marketplace® is a dual-contract platform that allows advisors to negotiate directly with their preferred money managers, who make available thousands of strategies from which to choose, while still benefiting from the brokerage and custody services of Schwab. Managers and strategies in this option are not evaluated by Schwab or CSIA.
|Wide selection of money managers and strategies|
|Fees and minimums pre-negotiated by Schwab||
|Evaluation and research by CSIA||
Research, monitor, and validate managed account selections
Schwab offers support to help you make managed account investment decisions, including:
- Investment Proposal Center—Robust tool that streamlines the research and analysis process for SMAs, mutual funds, and exchange-traded funds (ETFs) and generates personalized investment proposals (provided by Informa Investment Solutions).
- Available money managers—Resource to help locate specific money managers and their 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 strategy performance details.
Schwab’s Managed Account Service Team 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 strategies available on Schwab's platform to help you make more informed decisions and effectively explain them to clients.
As part of its consultative offer, the IMCG can help you generate client-facing proposals and run reports that detail your chosen strategy’s performance. Proposals can include hypothetical blends, customized analytics, and benchmark comparisons.
For more information, please refer to the Managed Account Platform section of our Service Guide.
Schwab also provides access to a variety of TAMP providers through Marketplace. These providers can handle many time-consuming functions, such as manager research, portfolio construction, investment management, sales support, and performance reporting.
When working with a TAMP at Schwab, invested assets will continue to be custodied at Schwab, with all account activity, balances, and positions reported directly to the appropriate TAMP provider. The provider can then use the data to deliver customized client reporting and back-office services.
Some TAMP providers 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.
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.
Charles Schwab Investment Advisory, Inc.(CSIA) is an affiliate of Charles Schwab & Co., Inc. (Schwab)
Neither CSIA nor Schwab evaluates money managers or investment strategies in Access.
The Managed Account Select® ("Select") and Managed Account Access® ("Access") programs are sponsored by Schwab. Please read the Schwab Managed Account Services™ Disclosure Brochure for important information and disclosures. Schwab is not affiliated with any of the separate account managers in Managed Account Select®.
Managed Account Marketplace® ("Marketplace") is not a program sponsored by Schwab but rather an open architecture platform that gives investment advisors and their clients access to separate account managers and turnkey asset management providers. Participating managers need to establish a contract and have system compatibility with Schwab in order to be in Managed Account Marketplace.
Services may vary depending on which TAMP provider you choose. Schwab does not recommend or endorse any particular TAMP. Schwab is not affiliated with any of the TAMPs available on its TAMP Platform. 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 particular TAMPs listed above.