Charles Schwab Investment Management, Inc

CRD#106753
Investment Advisor Firm

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Learn more about Charles Schwab Investment Management, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Charles Schwab Investment Management, Inc operates as a financial advisor company based in San Francisco, California. The company manages $700.8 billion in assets under management across 250,485 client accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). The firm has a large group, including 184 financial advisors. Charles Schwab Investment Management, Inc is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like equities, bonds and options.

    Charles Schwab Investment Management, Inc manages most of the firm's accounts on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction judgments without needing to seek the customer's permission. The company also has 30 non-discretionary accounts with a total of $30.4 billion in AUM. The investment advisory firm's average account size is $2.8 million. An average advisor at Charles Schwab Investment Management, Inc administers about 1,361 client accounts.

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

    Assets Under Management

    $700.8 billion

    Number of Advisors

    184

    Disclosures

    No

    Office Location

    211 Main Street
    San Francisco, CA 94105

    Charles Schwab Investment Management, Inc by the Numbers

    Total Assets Under Management

    $700.8 billion

    National Average: $9.0 billion
    Total Number of Employees

    886

    National Average: 71,771
    Total Number of Accounts

    250,485

    National Average: 4,329
    Average Account Size

    $2.8 million

    National Average: $2.1 million

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    Products and Services

    Charles Schwab Investment Management, Inc provides multiple services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. Notably, it did not provide any of its customers with financial planning services in the prior fiscal year. The company does not sell products or offer services apart from investment advisory services to its investment advisory customers. The firm is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency and commodity pool advisor.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 47% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 21% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advisory services usually depend on which services the firm provides the client. Fees charged by Charles Schwab Investment Management, Inc likely include any blend of the following fee structures: asset-based, fixed or other. Charles Schwab Investment Management, Inc does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 70% of firms

      Percentage of Assets

      Show 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.

    • Offered by 33% of firms

      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.

    • 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 21% of firms that offer this fee type

      Hourly

      Show Explanation

      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

      Show Explanation

      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.

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    Types of Clients

    Charles Schwab Investment Management, Inc manages money for a broad range of clients. Charles Schwab Investment Management, Inc works with retail investors, high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 250,485 accounts, Charles Schwab Investment Management, Inc's largest client type is retail investors, but it also caters to 53,379 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 21.31%
    • Other Individuals - 77.59%
    • Corporations - 1.01%
    • Charitable Organizations - 0.09%

    * 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 Management, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Charles Schwab Investment Management, Inc

    Catherine Weigel
    San Francisco, CA
    Michael Morin
    San Francisco, CA
    Jamie Peek
    San Francisco, CA
    William Swerbenski
    San Francisco, CA
    Connor Murphy
    San Francisco, CA
    Daniel Griffith
    San Francisco, CA
    Mark Baker
    Redmond, WA
    Thomas Mosel
    Boston, MA
    Matthew Gugliemini
    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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