Charles Schwab Now Offers Investment Advice Digitally via Subscription
Clients pay a one-time fee of $300 and then $90 a quarter.
Last week, Charles Schwab joined the subscription economy, offering investment advice digitally via subscription. The company previously offered this as a fee-based service called Schwab Intelligent Advisory, charging clients an advisory fee of 0.28 percent. The new subscription-based service is called Schwab Intelligent Portfolios Premium, and it builds on the company’s base 24/7 digital investment service called Schwab Intelligent Portfolios. Rather than paying an advisory fee, investment clients will pay a one-time initial fee of $300 for planning and a $30 monthly subscription fee, billed quarterly. Using Schwab Intelligent Portfolios Premium requires a minimum investment of $25,000.
Subscription Insider now embargoes NEWS and FEATURE articles 14 days after they are published.
All registered site users can enjoy access to our full archive of news and feature content by logging in.
Remember — Subscription Insider membership includes access to all embargoed content.
Subscription Insider has upgraded to a new technology platform and our login process has changed:
FOR FREE EMBARGOED ACCESS:
- Newsletter Subscribers (Free): Please log in using the email you used to signup for our Newsletter. The first time you log in, you will need to reset your password.
- Registered Site Users: Please use the email and password you used when you registered for free site access for Subscription Insider.