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Charles Schwab Enhances Institutional Intelligent Portfolios™Charles Schwab today announced a number of new features and enhancements to Institutional Intelligent Portfolios - the automated investment management platform designed specifically for independent advisors and sponsored by Schwab Wealth Investment Advisory, Inc. The primary update is enhanced portfolio customization, which launches next month and will provide advisors greater flexibility to design portfolios based on their investment philosophies. Other enhancements include new account funding options, and ways for firms to manage multiple Institutional Intelligent Portfolios programs. In early 2017, Schwab will also roll out an updated client-user app for smartphones and tablets that will enhance navigation and deliver a more intuitive user experience. "Automated investment management continues to be an important and evolving trend in our industry. Our research shows that advisors are optimistic that this technology can help scale their businesses and allow them to stay competitive in the marketplace," said Jessica Heffron, vice president, client experience, Schwab Advisor Services. "Most advisors tell us that the biggest opportunity for automated investing tools is to more efficiently serve smaller accounts or reach clients that their firms have been unable to serve before." The company shared the news today at Schwab IMPACT, the nation's largest and longest-running annual gathering of independent advisors. Among more than 30 technology-focused sessions at this year's event is an Institutional Intelligent Portfolios user panel discussion, where three early adopters will share insights about how they have built new offers on the platform. During this panel, Schwab will also share findings from a recent study of more than 500 advisors who use or plan to introduce automated investment management. Schwab's Automated Investment Management Research Schwab surveyed more than 500 advisors to learn more about sentiment and gather feedback from firms that already use or plan to introduce automated investing offers. The survey participants included Schwab client firms (70 percent) as well as advisors at wirehouses, insurance broker/dealers, and other RIA firms. Key findings from the study include:
"Since launching Institutional Intelligent Portfolios in 2015, there has been a lot of interest in automated investing solutions, but launching a more digitally-based solution is proving to be a significant strategic endeavor. The technology is only a piece of complex equation. Even advisors who are early adopters are approaching it judiciously in terms of implementation," said Heffron. "Those advisors who are already out in front on this opportunity are using a 'test and learn' approach and are ready to modify strategies and assumptions as this trend continues to unfold in the market." Enhancements and updates to Institutional Intelligent Portfolios Schwab has worked with advisors to determine how this technology can complement their long-term business strategies and to collect feedback to help drive continued improvements to the offer, including:
About the Charles Schwab 2016 Automated Investment Management Research The 2016 Automated Investment Management Research was conducted for Schwab Advisor Services by Socratic Technologies Inc. Socratic Technologies Inc. is not affiliated with, nor employed by Charles Schwab & Co. Inc. All data is self-reported by study participants and is not verified or validated. Advisors participated in the study from May 16 to May 31, 2016. Study participants were 509 advisors, including 359 advisors from firms that custody with Schwab and 150 advisors from wirehouses, independent broker dealers, insurance broker dealers, and other RIA firms. 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 Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management 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; compliance and trade monitoring solutions; 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.schwab.com and www.aboutschwab.com. For general informational purposes only. Meant for investment advisor audiences. Institutional Intelligent Portfolios™ is an ETF program made available through independent investment advisors that maintain a business relationship with Schwab Advisor Services™. The program is sponsored by Schwab Wealth Investment Advisory, Inc. ("SWIA"), a registered investment advisor. SWIA is an affiliate of Charles Schwab & Co., Inc. ("CS&Co.") and a subsidiary of The Charles Schwab Corporation. Independent investment advisors are not owned by, affiliated with or supervised by Charles Schwab & Co. Inc. ("Schwab"). The mention of the above firms is not, and should not be construed as a recommendation, endorsement or sponsorship by Schwab. Follow @Schwab4RIAs #SchwabIMPACT for news and updates from IMPACT® 2016 (1016-NA3T)
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