Charles Schwab Investment Advisory, Inc
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Learn more about Charles Schwab Investment Advisory, Inc
Charles Schwab Investment Advisory, Inc operates as an advisory company based in San Francisco, California. The company has $66.1 billion in assets under management throughout 495,347 accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). Charles Schwab Investment Advisory, Inc has a small group, including 25 financial advisors. Charles Schwab Investment Advisory, Inc is not a registered broker-dealer, signifying that it cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable fiscal investments like options, bonds and stocks.
Charles Schwab Investment Advisory, Inc administers all of the firm's accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell judgments without requiring the customer's consent. The firm supervises about $133,402 in assets for every account. The typical financial advisor at Charles Schwab Investment Advisory, Inc administers about 19,814 client accounts.
Charles Schwab Investment Advisory, Inc's main office is at 211 Main Street, San Francisco, California 94105. It is registered to serve clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Charles Schwab Investment Advisory, Inc by the Numbers
Financial advisory fees depend on which services the firm provides the client. However, fees charged by the company typically consist of non-traditional fee structures. The company does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Offered by 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 69% of firms that offer this fee type
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Find one of the 21% of firms that offer this fee type
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Find one of the 1% of firms that offer this fee type
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Find one of the 26% of firms that offer this fee type
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Find one of the 0% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Find one of the 32% of firms that offer this fee type
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Types of Clients
Charles Schwab Investment Advisory, Inc works with retail investors, high net worth investors and corporations. Out of its 495,347 customers, Charles Schwab Investment Advisory, Inc's biggest client group by number of accounts is retail investors, but it also caters to 36,545 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 7.38%
- Other Individuals - 92.6%
- Corporations - 0.03%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Charles Schwab Investment Advisory, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Charles Schwab Investment Advisory, Inc
Lone Tree, CO
San Francisco, CA
San Francisco, CA
San Francisco, CA
San Francisco, CA
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