# Schwab Wealth Advisory

Schwab Wealth Advisory is a Bank / Wealth / Trust based in San Francisco, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** Indianapolis, IN, United States
- **Assets under management:** Undisclosed
- **Website:** schwab.com

## Regulatory record

- **CRD number:** 159035
- **SEC file number:** 801-72795
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-18T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/159035

## About

Schwab Wealth Advisory is an SEC-registered investment adviser in San Francisco, CA, registered since 2011. It employs 1457 people, including 1375 investment advisers. The firm operates with a large team.

## Questions

### How does Schwab Wealth Advisory fit within the broader Charles Schwab Corporation?

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.

### What is the minimum asset threshold to qualify for a dedicated advisor through Schwab Wealth Advisory?

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.

### Is Schwab Wealth Advisory an independent fiduciary?

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.

### What is Schwab Wealth Advisory's relationship to Charles Schwab Trust Company?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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