Since joining the robo advisor race in 2015, Schwab has quickly become the second largest digital advice provider, with its Intelligent Portfolio offerings claiming $19.4 billion in assets under management and more than 170,000 accounts.

Schwab — which has an all-digital robo solution, a hybrid robo offering and an institutional platform for Schwab RIAs to offer clients — has promoted its institutional digital platform to the over 7,000 advisors that custody assets with the firm. But its technology executives note a number of advisors are still figuring out how to add automated advice to their practices.

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