What's New: Portfolio Management
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.
Bill on your firm's schedule and generate invoices without reports
Schwab Advisor Portfolio Connect has added two of advisors' most requested features:
- Now you can choose either monthly or quarterly billing periods for any account.
- You can generate invoices, in bulk and on demand, without the need to generate complete reports.
To begin billing on a monthly basis, simply start a new fee schedule, select monthly as the billing period, and then assign accounts or account groups to the monthly schedule. You can view the billing period for each account or sort accounts by billing period on the Billing Overview tab.
Once you've locked fees for any period, you have the option to review automatically generated invoices from a new Invoice Reports List option in the Back Office section on the Reports tab.
These new enhancements make Schwab Advisor Portfolio Connect an even better option for a wider variety of firms. As always, it's available at no additional fee for advisors who custody assets with Schwab.
June 2021 (0621-1V6N)
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.
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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.
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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.