What's New: Integration
Schwab Advisor Center® has digital tools and resources to help you onboard new relationships, support your clients, and scale your business. Below you can learn about the latest enhancements and resources, or explore recent updates by clicking on a topic.
Our broad, deep integration strategy helps to connect our platform with many leading third-party systems. Through these high-quality, secure integrations, you get streamlined access to important digital tools — for everything from opening accounts to initiating client transactions— as well as real-time custody data, from within the interfaces you use every day.
Use these resources to get an overview of our capabilities, and scroll down to see the latest enhancements.
June 2019 (0619-973F)
The mention of third-party firms is not, and should not be construed as, a recommendation, endorsement, or sponsorship by Schwab. These firms are not affiliated with or employees of Schwab. The Schwab OpenView Gateway® program is sponsored by Schwab Intelligent Technologies®. Schwab OpenView Gateway providers are independent companies that are not affiliated with SIT or any of its affiliates.
New tool makes annual third-party attestation easy
Important update on annual third-party data access attestation:
As part of our efforts to keep your firm's data safe, we have instituted an annual review of third-party providers that have access to your firm's Schwab Advisor Center® data. We want to update you on how this process will work and the tool we've provided to make this review quick and easy.
- At the beginning of your review period, your firm's security advisor (FSA) will receive an email notification.
- Within one month of that date, your FSA, or someone else who has the appropriate security designation, must use the automated tool to review and make any needed changes to third-party data access.
- The tool can be found on the More menu via the Data-Sharing Relationships link.
- If this process isn't completed by the deadline, Schwab will automatically remove all third-party access from your firm's data.
We've produced an overview video explaining the policy and how it supports our ongoing efforts to maintain the highest possible security standards for your firm and clients. For a step-by-step walkthrough of the tool, consult our clickable guide. If you have questions, please contact your service team.
June 2021 (0621-1V6N)
Enhanced Salesforce integration
We've built two new integrations for OpenView Gateway® for Salesforce to give you more ways to simplify your interactions with clients and manage your business more effectively. Now you can use the same data you've already stored in Salesforce to populate contact information for the digital account open and digital address change tools on Schwab Advisor Center. Using a trusted data source when interacting with multiple systems gives you confidence that the information is both current and accurate, and it eliminates the need to retype data, reducing downstream errors.
Single-sign-on further streamlines your workflow by seamlessly pushing data from Salesforce into Schwab Advisor Center, alleviating the need to leave either platform to access the information you require.
June 2021 (0621-1V6N)
Connecting more providers and workflows with Schwab
We're committed to continually expanding our depth and breadth of integration capabilities, adding three vendors to our OpenView Gateway® program that will begin building integration with Schwab.
- Advyzon – an intuitive, cloud-based platform that includes performance reporting, CRM, planning, client portal, and more.
- Agreement Express – an onboarding automation platform for wealth management, financial services, and payments.
- AdvisorEngine – an end-to-end client relationship and digital investment platform.
We’re also piloting a digital account open process for our custodial and third-party integration platforms, starting with Tamarac and Orion. This new workflow lets you initiate the account open process using Schwab Advisor Center® or your third-party systems, prepopulate account applications with existing client information, and send to your client for eApproval. Digital account open will be available in 2019 for Schwab One®, IRA, Schwab Charitable™, and Institutional Intelligent Portfolios® accounts and will continue to expand.
For more information on third-party integration, visit Schwab Intelligent Technologies®.
December 2018 (1218-8FPD)
Expanding our depth and breadth of key workflows with new integrations for Black Diamond®, Addepar, eMoney, and more
We’re continuing to invest in a broad range of integration options to help maximize your efficiency and choice, while going deep in our capabilities to bring essential workflows to your platforms. In addition to digital account open from Schwab Advisor Center®, Black Diamond has added new integration workflows with our platform, including:
- Straight-through processing of management fees: With a few clicks from Black Diamond’s billing functionality, advisors can send management fees directly to Schwab Advisor Center.
- Digital address change: Address changes can be initiated within Black Diamond’s platform, without the need for paper forms.
- Service requests: Advisors can now create service requests for Schwab Advisor Center teams and check the status of open cases directly from within the Black Diamond experience.
- Straight-through processing of trades through the Financial Information eXchange network: Advisors can place trades directly from Black Diamond’s Rebalancer trading system.
In addition to the Black Diamond enhancements, we’ve also added the following digital workflow integrations with these third-party technology providers:
- Move money integration and management fee upload with Addepar
- Digital account open integration with Morningstar Office Cloud, Practifi, and Junxure
- Documents and statements storage with eMoney
September 2020 (0920-0SY0)
Wealthbox joins more than 80 providers working with Schwab
Wealthbox, a modern CRM platform for financial advisors, has been added as a strategic API integration provider and will begin building their integration with Schwab.
Once available, their integration will allow advisors to see financial account details, positions, and transactions from accounts held at Schwab, all summarized on the contact record page in Wealthbox.
This is another example of how we’ve broadened our integration across the tech community, with more than 80 strategic providers who offer direct integration with Schwab Advisor Center®. Other recent announcements include an expanded single sign-on program with providers, including 55ip, AdvicePay, Sapphire Software Services, and YCharts. Our continued expansion is focused on giving you the ability to work in the systems you prefer to provide the scale, efficiency and security you need to run your business.
February 2020 (0220-0G32)
New providers offer single sign-on integration to Schwab Advisor Center
The first wave of third-party technology providers who will provide new, secure single-sign on (SSO) integration to Schwab Advisor Center includes OS33, AdvicePay, Sapphire Software Services, and YCharts. The second wave of third-party providers who are building SSO integration with Schwab Advisor Center include: UNAPEN, Stratifi, LifeYield®, Kwanti, Totum Risk, and 55ip.
Advisors will benefit from a direct connection from these third-party systems into Schwab Advisor Center without a separate login, as well as seamless navigation to specific Schwab Advisor Center pages.
This solution is another example of Schwab's broad and deep integration strategy to provide advisors with solutions that help them get the most from their platforms.
January 2020 (0120-9MZP)
Deep integration with Advyzon includes digital account open and single sign-on
Advyzon, an all-in-one cloud-based financial advisor technology platform that includes performance reporting and CRM, has now completed their deep integration with Schwab Advisor Center®. Now, in addition to daily data file downloads, advisors who use the Advyzon platform can seamlessly conduct the following workflows between Schwab and Advyzon:
- Initiate Schwab's new digital account open workflow by passing your client data from Advyzon to Schwab Advisor Center in just a few clicks
- Display real-time positions and balances on Schwab accounts within Advyzon
- One-click access from Advyzon directly to Schwab Advisor Center firm and to account-level Alerts and Research
- Digitally submit management fees to Schwab Advisor Center
- End-client access to Schwab monthly statements and tax documents within the Advyzon client portal
This deep integration with Advyzon is an example of how we are investing in maximizing your choice and efficiency in the technology you choose to run your firm.
For more information on third-party integration, visit Schwab Intelligent Technologies®.
August 2019 (0819-9ESJ)
Try new digital account open workflow from Schwab Advisor Center® or third-party technologies
Our new digital account open tool helps you open accounts for your clients in less than 10 minutes, using a completely digital workflow that reduces errors and not- in-good-order delays. You can access the tool from the Forms and Applications Page on Schwab Advisor Center® or one of these third-party providers using our deep integration to help streamline your workflows.
With this integration, you can:
- Use contact information from your third-party system to populate the new account workflow, including prospect data
- Securely sign in automatically to complete account open
- Check status and alerts in the system you prefer
We'll keep you updated on new enhancements and integrations. To get started with the new tool, visit the Resource page.
July 2019 (0719-9U2T)
For advisor use only. For general educational purposes.
Any investments reflected are for illustrative purposes only and are not intended to be nor should they be construed as a recommendation to buy, sell, or continue to hold any investment. Screen shots are for illustrative purposes only, may be historical in nature, and should not be used as a basis for any investment decision.
Schwab Advisor Services™ includes the custody, trading, and support services of Charles Schwab & Co., Inc. ("Schwab"), a registered broker-dealer and member SIPC, and the technology products and services of Performance Technologies, Inc. ("PTI"). PTI and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent of each other. PTI’s integration solutions integrate data about accounts custodied at Schwab.
API integration is available through Schwab OpenView Gateway®, which is provided by PTI. Single sign-on is provided by PTI. Daily data files and trading integration are available through Schwab. Schwab OpenView Gateway® and Schwab OpenView MarketSquare™ are services of PTI.
References to third parties (whether such parties are vendors participating in a service of PTI or independent advisors using a service of a participating vendor) are not an endorsement or recommendation of, or an opinion (favorable or unfavorable), or advice about, or a referral to any product or service of any third party. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by third party vendors. Unless indicated otherwise, third parties are independent and not affiliated with PTI or its affiliates.
Schwab Performance Technologies® ("SPT") provides technology solutions to independent investment advisors, while Schwab provides them and their clients with custody, trading, and related support services. SPT and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other.
Schwab Advisor Portfolio Connect™ is a product of SPT.
Institutional Intelligent Portfolios ("IIP") is a technology and service platform made available by SPT to independent advisors who maintain a business relationship with Schwab Advisor Services.
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products, including the Schwab One® brokerage account, are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.
Schwab affiliates earn revenue from the underlying assets in Institutional Intelligent Portfolios® accounts. This revenue comes from managing Schwab ETFs™ or Schwab Funds® and providing services relating to certain third-party funds that can be selected for the portfolio, and from the cash feature on the accounts. Revenue may also be received from the market centers where ETF trade orders are routed for execution. Tax-loss harvesting is available for clients with invested assets of $50,000 or more in their Institutional Intelligent Portfolios account. Clients must be enrolled to receive this service. Cash balances held in the Sweep Program at Schwab Bank are eligible for FDIC insurance up to allowable limits per depositor, per account ownership category.