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.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access