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)
Introducing Schwab Advisor Portfolio Connect
We've begun the phased rollout of Schwab Advisor Portfolio Connect™, which offers a simplified approach to portfolio management for Schwab accounts, including account performance with time-weighted returns, interactive dashboards, and billing and reporting at the account and household levels. It eliminates the need to download and reconcile data, and is integrated into Schwab Advisor Center. Schwab Performance Technologies will continue to add features to the product as it’s made available to more firms throughout 2019.
To learn more about this offer, explore our new resources:
August 2018 (0918-82KD)
Schwab Advisor Portfolio Connect™ now available
We're excited that Schwab Advisor Portfolio Connect™ is now generally available, delivering essential portfolio management features for Schwab accounts free of charge, as part of your relationship with Schwab. In the coming weeks, firms who've already expressed interest will be contacted to discuss whether the features they need are available in the platform and determine next steps to begin onboarding.
To help evaluate your firm’s needs, watch this video and review the product features on the Schwab Performance Technologies® website. Those who need a more customizable or multi-custodial solution can take advantage of our integration across a range of third-party providers.
May 2019 (0519-9S1M)
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.
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.
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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.
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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.