As part of Aite Group’s recently announced 2020 Digital Wealth
Management Impact Innovation Awards, Schwab Intelligent Portfolios
Premium has been named the winner in the Hybrid Advice Offering
category. Schwab Intelligent Portfolios Premium is a
subscription-based digital advisory service that combines automated
investing with unlimited guidance from a CERTIFIED FINANCIAL
PLANNER™ professional. The Digital Wealth Management Impact
Innovation Awards recognize and honor innovation achieved by
financial institutions leveraging technology to surpass the status
quo.
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“Whether they’re self-directed or seeking advice, the majority
of our clients want investment services that combine the best of
what technology and humans can provide,” said Cynthia Loh, Charles
Schwab vice president of digital advice. “We know from experience
that access to professional guidance is especially important when
the market is volatile and things are uncertain – as we’re seeing
right now. Schwab Intelligent Portfolios Premium is designed to
break down barriers with a more accessible financial planning
service that meets consumers’ expectations for simplicity,
transparency and value.”
Schwab Intelligent Portfolios Premium provides investors
with:
- Unlimited 1:1 guidance from a CERTIFIED FINANCIAL PLANNER™
professional who can provide personalized financial advice based on
current goals and circumstances
- A comprehensive and customized financial plan
- 24/7 access to the financial plan via a comprehensive digital
planning experience
- A diversified portfolio of low-cost exchange-traded funds
(ETFs) that automatically rebalances over time
Schwab Intelligent Portfolios Premium has a $25,000 minimum and
charges an initial one-time $300 fee for planning and a $30 monthly
subscription ($90 billed quarterly).
Schwab Intelligent Portfolios Premium also features a
Satisfaction Guarantee, which states that if a client is not
completely satisfied for any reason, Schwab will refund any related
fee or commission and work with the client to make things
right.
More information about Schwab Intelligent Portfolios Premium is
available here.
Aite Group Innovation Award Qualification and
Methodology
Aite Group’s Impact Innovation Awards are designed to recognize
and celebrate innovation achieved by financial institutions
leveraging technology to surpass the status quo. Award recipients
are leading the industry by identifying and implementing new
products, capabilities, and/or levels of automation and
effectiveness that are bringing our industry one step closer to
next-generation financial services. They are the financial
institutions, regardless of size, that others will follow.
Aite Group solicited nominations for its Impact Innovation
Awards in Digital Wealth Management from January to March 2020. All
nominated initiatives were required to be in production within
financial institutions.
Aite Group analysts reviewed all nominations and narrowed the
field to the top three to four submissions in each of the following
six categories (Figure 1).
A panel of external judges representing leading financial
institutions, industry thought leaders, and
consultants/implementers along with Aite Group analysts determined
the winners. Each nomination was evaluated based on eight
attributes (Figure 2).
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us
on Twitter, Facebook, YouTube and LinkedIn.
Disclosures:
We encourage you to read the Schwab Intelligent Portfolios
Solutions™ disclosure brochures for important information, pricing,
and disclosures. Before you enroll, it's important you understand
any and all costs, including the role of cash and the way Schwab
earns income from the cash allocation in your portfolio, which will
affect performance, and how Schwab and its affiliates work
together.
Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios
Premium™ are made available through Charles Schwab & Co., Inc.
("Schwab"), a dually registered investment advisor and broker
dealer. Portfolio management services are provided by Charles
Schwab Investment Advisory, Inc. ("CSIA"). Charles Schwab
Investment Management, Inc. ("CSIM"), the investment advisor for
Schwab Funds, receives management fees on Schwab ETFs. Schwab,
CSIA, and CSIM are affiliates and subsidiaries of The Charles
Schwab Corporation.
If you are not completely satisfied for any reason, at your
request Charles Schwab & Co., Inc. (“Schwab”), Charles Schwab
Bank (“Schwab Bank”), or another Schwab affiliate, as applicable,
will refund any eligible fee related to your concern within the
required time frames. Schwab reserves the right to change or
terminate the guarantee at any time. Go to schwab.com/satisfaction
to learn what’s included and how it works.
For additional information about the Aite Group’s Digital Wealth
Management Impact Innovation Awards, visit:
https://www.aitegroup.com/aite-group-announces-winners-2020-digital-wealth-management-impact-innovation-awards
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 360 offices and 14.0
million active brokerage accounts, 1.7 million corporate retirement
plan participants, 1.4 million banking accounts, and $4.0 trillion
in client assets as of May 31, 2020. Through its operating
subsidiaries, the company provides a full range of wealth
management, securities brokerage, banking, asset management,
custody, and financial advisory services to individual investors
and independent investment advisors. Its broker-dealer subsidiary,
Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and
affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds;
financial planning and investment advice; retirement plan and
equity compensation plan services; referrals to independent,
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.aboutschwab.com.
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Marianne Ahlmann Charles Schwab 415-667-1115
marianne.ahlmann@schwab.com
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