Charles Schwab

Sophisticated, automated advice and money management with no commissions, advisory or account service fees

Charles Schwab today launched a fully automated investment advisory service, Schwab Intelligent Portfolios™, the only investment advisory service using sophisticated computer algorithms to build, monitor, and rebalance diversified portfolios based on an investor’s stated goals, time horizon and risk tolerance – without charging any advisory fees, commissions or account services fees.

Technology Solutions Providers to Reveal Latest and Greatest Innovations at “Granddaddy” Financial Industry Event

Financial industry leaders Joel Bruckenstein and David Drucker are encouraging financial advisors nationwide to attend the tenth annual T3 Technology Conference for financial advisory firms of all sizes. The conference, which is being held at the Hilton Anatole in Dallas, February 12-14, 2015, is designed to bring together independent financial advisors and company decision-makers with the creators of the industry’s most innovative technology solutions.

In the first quarter of 2015, Charles Schwab & Co. plans to launch their own robo-advisor platform for retail investors. The platform will be called Schwab Intelligent Portfolios.

The platform will feature portfolios of ETF’s selected by Schwab. The portfolios will be selected from ETF’s representing as many as 20 distinct asset classes. According to Walt Bettinger, President and CEO of Charles Schwab & Co., Schwab will go through an objective, institutional screening process to select investments that is more sophisticated than anything currently available to retail investors through other similar offerings. Eligible ETF’s will not be limited to Schwab ETF’s and ETF OneSource participants. Tax loss harvesting will be included in the offering for accounts with at least $50,000 in assets.

More than half of independent registered investment advisor (RIA) (53%) staff view technology as a front office function – a key strategy for delivering a high-quality client experience, while building scale and differentiation for the firm – according to results of a survey of registrants at Schwab Advisor Services’ SOLUTIONS® workshops this past summer. In the survey, representing responses from more than 1,000 RIA firm staff, Schwab sought perspective on the changing role of technology in the advisor business and the related impacts on the client experience.