Charles Schwabs highly anticipated robo offering for RIAs is finally good to go.
The automated investment management platform, branded Institutional Intelligent Portfolios, allows advisors to choose from more than 450 exchange-traded funds across 28 asset classes and requires a minimum allocation of 4% in cash. It will cost 10 basis points for advisors who have less than $100 million in assets under management under custody with Schwab, but advisors who have more than that under custody wont be charged a fee.
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