Charles Schwab Investment Advisory, Inc

CRD#151739
Investment Advisor Firm

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Overview

Charles Schwab Investment Advisory, Inc is an advisory firm that has its headquarters in San Francisco, California. The company administers $70.7 billion in assets over 466,516 accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). It has a small team, including 25 financial advisors. Charles Schwab Investment Advisory, Inc is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as options, stocks and bonds.

Charles Schwab Investment Advisory, Inc oversees all of the company's accounts in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make buy and sell decisions without needing to seek the client's permission. The firm's average account size is $151,503. An average financial advisor at Charles Schwab Investment Advisory, Inc oversees around 18,661 client accounts.

The firm's central office is located at 211 Main Street, San Francisco, California 94105. The firm is permitted to serve investors across 51 U.S. states and territories.

Assets Under Management

$70.7 billion

Number of Advisors

25

Disclosures

No

Office Location

211 Main Street
San Francisco, CA 94105

Charles Schwab Investment Advisory, Inc by the Numbers

Total Assets Under Management

$70.7 billion

National Average: $9.0 billion
Total Number of Employees

26

National Average: 71,771
Total Number of Accounts

466,516

National Average: 4,329
Average Account Size

$151.5 thousand

National Average: $2.1 million

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Fee Structure

A financial advisor's fees largely vary depending on the type of financial services provided. Fees billed by Charles Schwab Investment Advisory, Inc typically consist of non-traditional fee structures. Charles Schwab Investment Advisory, Inc does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 70% of firms that offer this fee type

    Percentage of Assets

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    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

    Hourly

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    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

    Commissions

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    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

    Performance-based

    Show Explanation

    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

    Subscription

    Show Explanation

    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 33% of firms that offer this fee type

    Fixed

    Show Explanation

    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.

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Types of Clients

The firm provides services to retail investors, high net worth investors and corporations. Out of its 466,516 clients, Charles Schwab Investment Advisory, Inc's biggest client is retail investors, though it also serves 40,931 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 8.77%
  • Other Individuals - 91.2%
  • Corporations - 0.02%
  • 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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Disclosures

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

Steven Johnston
Lone Tree, CO
Emily Doak
San Francisco, CA
Russell Ow
San Francisco, CA
Michael Iachini
San Francisco, CA
Jesse Renda
San Francisco, CA
Tanner Diehl
San Francisco, CA
David Poole
Boston, MA
Eva Xu
San Francisco, CA
William Mcmahon
Boston, MA

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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