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 is located at 211 Main Street, San Francisco, CA. The firm employs 186 financial advisors to manage client portfolios and provide financial guidance. Charles Schwab Investment Management, Inc is not a registered broker-dealer.

    Charles Schwab Investment Management, Inc oversees $1.1 trillion in assets under management across 304,509 accounts, of which 304,479 are discretionary and 30 are non-discretionary. The services offered 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. The firm caters to a diverse range of investors, including 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. Retail investors are the largest client type by accounts. The fee structure at Charles Schwab Investment Management, Inc includes asset-based, fixed, and other fees. The firm has 56,938 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, and commodity pool advisor.

    Charles Schwab Investment Management, Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $1.1 trillion

    Number of Advisors

    186

    Disclosures

    No

    Office Location

    211 Main Street
    San Francisco, CA 94105

    Charles Schwab Investment Management, Inc by the Numbers

    Total Assets Under Management

    $1.1 trillion

    National Average: $8.6 billion
    Total Number of Employees

    857

    National Average: 64
    Total Number of Accounts

    304,509

    National Average: 375,227
    Average Account Size

    $3.6 million

    National Average: $23.0 thousand
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    Products and Services

    Charles Schwab Investment Management, Inc offers a number of 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. However, Charles Schwab Investment Management, Inc did not provide any of its customers with financial planning services in the last financial year. The Firm does not sell products or offer services aside from investment advice to its investment advisory accounts.

    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 46% of firms

      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 20% 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

    Fees charged by financial advisors largely vary depending on the services provided. Fees charged by Charles Schwab Investment Management, Inc most likely consist of any combination of the following fee types: asset-based, fixed, or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Charles Schwab Investment Management, Inc.

    Available

    • Offered by 69% 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 32% 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

    The company works with a broad range of clients. The company provides services to 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 10 clients, Charles Schwab Investment Management, Inc's largest client type by number of accounts is investment companies, though it also serves 56938 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 18.7%
    • Other Individuals - 80.09%
    • Corporations - 1.12%
    • 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

    Daniel Griffith
    San Francisco, CA
    Jesse Renda
    San Francisco, CA
    Stephen Mcculloch
    Lone Tree, CO
    Trevor Durham
    San Francisco, CA
    Jamie Peek
    San Francisco, CA
    Catherine Weigel
    San Francisco, CA
    Brian Dixon
    San Francisco, CA
    Michael Morin
    San Francisco, CA
    Connor Jacobs
    Lone Tree, CO

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