Enhancements to Schwab’s Institutional Intelligent Portfolios® Provide Greater Efficiency, Allow More Customization
September 10 2019 - 11:30AM
Business Wire
Latest paperless feature from Schwab Advisor
Services further streamlines automated investing for independent
investment advisors
Schwab Advisor Services today announced enhancements to
Institutional Intelligent Portfolios®, including an account
conversion feature allowing independent investment advisors easier
ways to transfer investor clients’ existing Charles Schwab
brokerage accounts to advisor-branded automated investment
accounts. The entirely paperless process makes it simpler than ever
for advisors to incorporate automated investing into their
practices while freeing more time to spend with clients and
efficiently grow their businesses.
Since the 2015 launch of Institutional Intelligent Portfolios,
the automated investment platform for independent registered
investment advisors (RIAs), Schwab has continually invested in
enhancing the platform based on advisor feedback. More than 1,100
firms have signed on to use the solution, providing advisors and
their clients a highly customizable experience. In addition to
account conversion capabilities, recent enhancements to the
platform include:
- Increased number of available funds: now 2,700 mutual funds and
1,400 ETFs, which can be used to build client portfolios
- Unlimited portfolio-modeling capabilities, including infinite
model creation and custom drift settings
- The ability to handle inherited IRA accounts
- Option for advisors to initiate the digital account open
process on clients’ behalf, enabling firms to provide an even
higher level of client service
“Automated investment management helps advisors scale their
businesses while complementing the invaluable wealth management
services they already provide to investors,” said Lauren Wilkinson,
vice president, Digital Advisor Solutions, Charles Schwab. “The
continued growth we’re seeing in firms using automated investing to
serve clients underscores the importance advisors place on using
technology to operate their firms more efficiently in order to
deliver an outstanding client experience.”
The Institutional Intelligent Portfolios enhancements are the
latest example of Schwab’s ongoing strategy to deliver
cost-effective portfolio management and integration solutions that
help advisors save time, increase security, reduce costs and
errors, and scale their businesses. Whether advisors are looking to
automate accounts at Schwab through Institutional Intelligent
Portfolios™, manage portfolios with Schwab’s free and proprietary
Portfolio Connect™ offer for small and growing firms, or tap into a
range of secure and high-quality integrations across categories and
providers, Schwab is committed to providing advisors with
technology that fits their individual business needs.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity. More
information is available at www.aboutschwab.com. Follow us on
Twitter, Facebook, YouTube and LinkedIn.
Disclosures
Through its operating subsidiaries, The Charles Schwab
Corporation (NYSE: SCHW) provides a full range of securities
brokerage, banking, money management and financial advisory
services to individual investors and independent investment
advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (member SIPC,www.sipc.org), and affiliates offer a complete
range of investment services and products including an extensive
selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services;
compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.schwab.com and www.aboutschwab.com.
Brokerage Products: Not FDIC Insured • No Bank Guarantee •
May Lose Value
Institutional Intelligent Portfolios® (“IIP”) is a technology
and service platform made available by Schwab Performance
Technologies (“SPT”) to independent investment advisors
(“Advisors”) who maintain a business relationship with Schwab
Advisor Services®™, a division of Charles Schwab & Co., Inc.
(“Schwab”). Schwab, a registered broker-dealer and member SIPC,
provides custody, trading and support services. Brokerage products,
including the Schwab One® brokerage account, are offered by Schwab.
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 Services™ serves independent investment advisors
and includes the custody, trading, and support of Schwab.
Independent investment advisors are not owned by, affiliated
with, or supervised by Schwab. For informational purposes only.
©2019 Charles Schwab & Co., Inc. (“Schwab”) All rights
reserved. Member SIPC.
(0919-9D58)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190910005281/en/
Rob Farmer Schwab Corporate Public Relations 415-667-0083
rob.farmer@schwab.com
Emily Serafin The Neibart Group 718-875-2122 sas@neibartgroup.com
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From Apr 2023 to Apr 2024