Schwab Wealth Advisory

It is an in-house advisory unit, not a separate legal entity. It leverages Charles Schwab & Co.'s broker-dealer and custody infrastructure, and draws clients from the parent's retail brokerage base. This gives it a captive distribution advantage but also means its investment platform and product shelf are aligned with Schwab's corporate offerings.

Publicly disclosed thresholds vary, but clients generally need several hundred thousand dollars in investable assets to access managed portfolio services. A dedicated financial consultant relationship often requires $1 million or more in household assets held at Schwab, though the firm adjusts these tiers periodically.

Schwab Wealth Advisory operates as a registered investment advisor subsidiary and adheres to fiduciary standards in its advisory relationships. However, as part of a publicly traded financial conglomerate, potential conflicts of interest arise from the use of proprietary Schwab funds and the parent's revenue-sharing arrangements with third-party fund providers.

Both operate as subsidiaries of Charles Schwab Corporation and are integrated into the firm's high-net-worth offering. Wealth Advisory financial consultants can refer clients to Schwab's trust services for estate planning and fiduciary administration, creating a combined advisory and trust framework without handing clients off to a third-party provider.