Charles Schwab Investment Management, Inc

CRD#106753
Investment Advisor Firm

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Overview

Charles Schwab Investment Management, Inc is a financial advisory firm based at 211 Main Street, San Francisco, California, 94105. The firm is registered across all 50 states and the District of Columbia, but it is not a registered broker dealer.

The firm oversees $782.6 billion in assets under management (AUM), placing it in the category of a large-sized firm in terms of AUM. These assets are distributed across 242,041 client accounts, which are supervised by a team of 212 financial advisors. This suggests that each advisor supervises an average of 1,141 client accounts. The firm oversees 242,011 accounts on a discretionary basis, which means the firm’s portfolio managers can make investment decisions without needing approval from the client for each transaction. The firm also oversees 30 non-discretionary accounts.

Charles Schwab Investment Management, Inc offers a range of services including portfolio management for individuals and small businesses, investment companies, pooled investment vehicles, and institutional clients. The firm also provides selection of other advisers. The firm has affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, and commodity pool advisor.

The firm utilizes various types of fee structures such as asset-based, fixed, and other. It also participates in a wrap fee program. The firm works with a variety 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. The largest client type by accounts is retail investors. The firm also serves 19 high net worth clients.

Assets Under Management

$782.6 billion

Number of Advisors

212

Disclosures

No

Office Location

211 Main Street
San Francisco, CA 94105

Charles Schwab Investment Management, Inc by the Numbers

Total Assets Under Management

$782.6 billion

National Average: $8.6 billion
Total Number of Employees

1,007

National Average: 64
Total Number of Accounts

242,041

National Average: 375,227
Average Account Size

$3.2 million

National Average: $23.0 thousand
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Products and Services

Charles Schwab Investment Management, Inc offers 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. However, the firm did not provide any of its customers with financial planning services in the last fiscal year. It does not sell products or offer services other than investment advisory services to its investment advisory accounts. The company is also affiliated with one or more 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.

  • 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

A financial advisor's fees largely are based on which services the firm provides the client. However, fees billed by Charles Schwab Investment Management, Inc can be comprised of some blend of the following fee structures: asset-based, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

Available

  • Offered by 69% of firms

    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.

  • 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

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    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

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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.

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Types of Clients

Charles Schwab Investment Management, Inc manages money for 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 242,041 customers, Charles Schwab Investment Management, Inc's largest client group is retail investors, although it also caters to 45,292 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $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 reside abroad.

  • High-Net-Worth Individuals* - 18.71%
  • Other Individuals - 80.15%
  • Corporations - 1.05%
  • 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

Trevor Durham
San Francisco, CA
Connor Murphy
San Francisco, CA
Jesse Renda
San Francisco, CA
Michael Morin
San Francisco, CA
Brian Dixon
San Francisco, CA
Catherine Weigel
San Francisco, CA
Daniel Griffith
San Francisco, CA
Jamie Peek
San Francisco, CA
James Staten
Atlanta, GA

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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