Charles Schwab & Co., INC.
Assets Under Management
N/A
Number of Clients
Not reported
Number of Advisors
7363
Average Client AUM
N/A
AUM per Advisor
N/A
Compensation
Fixed/Hourly
About This Firm
Schwab Wealth Advisory (SWA) provides non-discretionary investment advice through SWAI, an affiliate. SWA offers periodic advice based on your financial picture, including buy/sell recommendations. Clients need at least $500,000 to enroll. Schwab acts as broker-dealer and custodian. SWAI representatives help clients with financial goals, but clients make final decisions.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 0.80% |
| $1.0M - $2.0M | 0.75% |
| $2.0M - $5.0M | 0.70% |
| $5.0M - $10.0M | 0.50% |
| $10.0M - $25.0M | 0.30% |
| $25M+ | 0.30% |
Assets over US$25 million 0.30% (or less, as negotiated)
Fee Estimator
The SWA fee covers investment advice, brokerage, custody, and administrative expenses, based on a percentage of your account value. The fee includes equity trade commissions and transaction fees on mutual funds and fixed income. The SWA fee does not cover mutual fund fees, short-term redemption fees, fees from other broker-dealers, custody fees on alternative investments, or fees on options trades. There is a quarterly minimum fee equal to the lesser of: (a) $1,000; or (b) the quarterly fee from applying a 1.60% APR to the total billable assets in your enrolled accounts (the “Quarterly Minimum”). Portfolios subject to the Quarterly Minimum will also be subject to a “Quarterly Maximum” APR of 1.60%.
Areas of Practice
Location
211 Main Street, San Francisco, CA, 94105
