Charles Schwab & Co., Inc. provides investment advisory services through its sponsored wrap fee program, Schwab Wealth Advisory. The program offers periodic non-discretionary investment advice through an affiliated registered investment advisor, Schwab Wealth Advisory, Inc. Wealth advisors meet with clients to review portfolios, discuss financial goals, and provide recommendations on asset allocation, individual securities, mutual funds, exchange-traded funds, and separately managed accounts. Clients retain full control over their accounts and decide whether to implement recommendations. The program also includes periodic financial planning services covering retirement, education funding, estate planning considerations, risk management, and tax planning strategies. Charles Schwab & Co. acts as broker-dealer and custodian for account assets, bundling investment advisory services, brokerage, and custody into a single asset-based fee.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | 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% |
Fees for assets over $25 million are negotiable. A grandfathered schedule exists for clients enrolled prior to October 1, 2024.
