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.

The Schwab Center for Financial Research (SCFR) researches, evaluates, and provides ongoing operational and investment due diligence of money managers and investment strategies in Managed Account Select. SCFR 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 SCFR.

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 SCFR.

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 SCFR with Managed Account Select 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. For questions about opening or maintaining managed accounts, contact Managed Account Operations at 877-595-6345 from 9:00 a.m. to 5:00 p.m. Eastern Time or via a Schwab Advisor Center service request.

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.