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 firm headquartered in San Francisco, California. Charles Schwab Investment Management, Inc administers $506.3 billion in assets under management throughout 130 customer accounts, making it one of the biggest firms in the country by assets under management (AUM). Charles Schwab Investment Management, Inc has a large group of 538 employees, including 110 financial advisors. Charles Schwab Investment Management, Inc does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are exchangable financial assets such as equities, bonds and options.

    Charles Schwab Investment Management, Inc administers 102 of the company's accounts in a discretionary manner. Discretionary management signifies that buy and sell judgments are made by an investment advisor without requiring client consent. The firm also oversees 28 non-discretionary accounts totaling $26.4 billion in AUM. The advisory firm's typical account size is $3.9 billion. The average financial advisor at Charles Schwab Investment Management, Inc oversees about one client account, making it one of the most individualized financial advisor firms in the country.

    The firm's central office is located at 211 Main Street, San Francisco, California 94105. It is allowed to provide services to clients across 51 U.S. states and territories.

    Assets Under Management

    $506.3 billion

    Number of Advisors

    110

    Disclosures

    No

    Office Location

    211 Main Street
    San Francisco, CA 94105

    Charles Schwab Investment Management, Inc by the Numbers

    Total Assets Under Management

    $506.3 billion

    National Average: $3.7 billion
    Total Number of Employees

    538

    National Average: 29
    Total Number of Accounts

    130

    National Average: 2,073
    Average Account Size

    $3.9 billion

    National Average: $1.8 million

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    Products and Services

    Charles Schwab Investment Management, Inc provides a number of services, including portfolio management for investment companies, portfolio management for pooled investment vehicles and selection of other advisers. Notably, it did not provide financial planning services to any of its accounts in the prior fiscal year. The company does not sell products or offer services apart from investment advisory services to its investment advisory accounts. The company is affiliated with a number of other service providers 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.

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      Portfolio Management

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

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      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 23% 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.

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      Educational Seminars/Workshops

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

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    Fee Structure

    Financial management fees usually depend on the financial services offered. However, fee types billed by the company can be comprised of the following fee structures: asset-based or other. The company does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    Available

    • Offered by 74% 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 12% 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 35% 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 2% 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.

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      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 1% 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 40% 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 company works with investment companies and pooled investment vehicles. Out of its 130 customers, Charles Schwab Investment Management, Inc's largest client is investment companies. Just 1% of the company's customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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 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

    Daniel Griffith
    Naples, FL
    Shanly Stach
    Portland, OR
    Ruta Bruckute
    San Francisco, CA
    Brian Ferry
    San Francisco, CA
    Mark Baker
    Redmond, WA
    Jeffrey Yun
    San Francisco, CA
    Ralph Norton
    San Francisco, CA
    John Majoros
    San Francisco, CA
    Jamie Peek
    Naples, FL

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    This content was compiled from the SEC and FINRA