What's New: Automated Investing

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.

Unmatched value now means no platform fee for your firm

As part of our commitment to giving advisors best-in-class technology and world-class support, Institutional Intelligent Portfolios® will no longer charge a platform fee to advisors who custody with Schwab, regardless of AUM. Client accounts will continue to be free of commissions and custody fees.

In addition to eliminating the platform fee, we've made several recent enhancements to the platform, including the ability to select your clients' portfolios instead of using a questionnaire, digital conversion of your clients' accounts into Institutional Intelligent Portfolios accounts, and the availability to offer either ETF or mutual fund portfolios to your clients.

For more information about Institutional Intelligent Portfolios, contact the service team at 877-768-5280 or email IIPService@schwab.com.

May 2020 (0520-0PK0)

Unmatched value now means no platform fee for your firm

Clients can approve Institutional Intelligent Portfolio® accounts with a few taps on their devices, no paperwork required

Now, you can use a fully digital process to convert existing Schwab brokerage accounts into Institutional Intelligent Portfolios® accounts, no paper, faxing, or wet signatures required.

Using tools that are similar to the recently introduced digital account open workflow, you can initiate the account conversion process in minutes, and send the request to your clients for their approval with a few taps on their mobile devices or desktops.

The system lets you choose from any of the portfolios you have set up for your firm’s clients, and the entire process is protected by Schwab’s advanced security. Many firms may wish to leverage this functionality to make it more scalable to serve legacy accounts, or to offer service to new segments.

To learn more about converting your clients’ Schwab brokerage accounts into Institutional Intelligent Portfolio accounts, view our account conversion guide .

Interested in getting started with our automated investing offer? View our Getting Started Guide , contact the service team at IIPservice@schwab.com, or view a video to learn more.

September 2019 (0919-9ZTG)

Clients can approve Institutional Intelligent Portfolio® accounts with a few taps on their devices, no paperwork required

Mutual fund and more customization added to Institutional Intelligent Portfolios®

We’ve added more ways to expand and customize the suite of portfolios you offer your clients. Recent enhancements to Institutional Intelligent Portfolios include:

  • The availability to offer mutual fund OR exchange-traded fund portfolios to your clients .
  • More customization options to enable you to build a virtually unlimited number of model portfolios .
  • Ability to modify the rebalance drift threshold for each asset class.
  • Addition of Inherited IRA accounts for an individual or minor beneficiary.

Questions? Use the Getting Started Guide to help build additional portfolios using these new features, or contact the service team at IIPService@schwab.com or 877-768-5280.

December (1218-8FPD)

Mutual fund and more customization added to Institutional Intelligent Portfolios®

Now you can easily open accounts for your clients online

With digital account open it's easier than ever for you to electronically:

  • open client brokerage, IRA and trust accounts
  • select investment strategies
  • add your own documents

Once the new account set up is complete, your clients receive an email to review, digitally confirm, and approve the pre-filled account details you entered.

Clients can view the portfolio allocation but cannot make changes.

You can work with your Firm Security Administrator (FSA) to receive access.

More information is available in the Digital Account Open User Guide. Contact IIPService@schwab.com for a copy.

Digital account open is expected to be available for other types of accounts later this year.

June 2018 (0518-8CF6)

Now you can easily open accounts for your clients online

(0220-0G32)

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, SSB 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, SSB, 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 Charles Schwab Bank, SSB are eligible for FDIC insurance up to allowable limits per depositor, per account ownership category.