Choosing a Custodian
In this industry, relationships matter. So does finding the right custodian. Schwab continues to raise the bar as a tireless advocate for independent Registered Investment Advisors (RIAs).
What to consider when choosing an RIA custodian
What to consider when choosing an RIA custodian
1. Industry experience. It's something that can't be replicated. Look for a custodian that has spent years serving the type of RIA firm you want to build and grow.
2. Technology and innovation. As an independent financial advisor, you control your relationships, but your technology defines the client experience. Prioritize a custodian that's committed to innovation—one with specialists who can help you tap the latest tech in the RIA model.
3. Business consulting and education. A lot goes into managing and growing an RIA firm. Whether you're transitioning accounts, adjusting a business strategy, or streamlining operations, you should have a custodian that's willing to roll up its sleeves and get to work for you.
4. High-value services. Custody fees eat returns. Some custodians charge them, others don't. In addition to transparent pricing, look for a custodian that offers the high-value services that you want and your clients demand. Services like integrated banking experiences and charitable giving strategies can help your practice thrive as client expectations evolve.
The right custodian can be a game changer for your practice. But most advisors don't know what they should expect—or what's possible. Put your current or potential custodian to the test with our helpful scorecard.
Foundational strength you can build on
Schwab's scale and reputation can give advisors confidence and a sturdy custodial foundation. Working with one of the most diversified financial services companies in the industry, you have an ally with the institutional strength to support growth for the long term.
-
The Schwab difference
Schwab is the industry leader—proudly supporting more independent advisors than any other custodian. Here's how we empower their success.
-
Advocacy
Each year, we go to Washington, D.C. to inform policy and advocate for the health of the RIA industry. We put our weight behind initiatives that ensure your voice is heard.
-
Specialized services
We proudly serve teams of all sizes and the ultra-high-net-worth and family office communities—simplifying complexity with a range of service models tailored to your business.
-
Events and networking
Schwab hosts the largest annual gathering of independent advisors in the RIA industry. It's a week of engaging conversation and insights to help advisors like you capitalize on what's next.
Contact
Not all custodians are created equal
Put us to the test. Ask a Schwab Business Development Officer about the experience, technology, insights, and value we can offer to your RIA firm.
All conversations are completely confidential.
