Industry’s leading model portfolio marketplace
empowers RIAs to personalize and manage portfolios at scale
Schwab Advisor ServicesTM (“Schwab”) announced today that Model
Market Center™, the industry’s first model portfolio marketplace,
pioneered by TD Ameritrade (“TDA”), is now available on Schwab
Advisor Center®. The tool, a technology solution that enables
advisors to tap into more than 500 asset allocation models from
more than 50 leading money managers, marks the latest milestone in
Schwab’s efforts to build the industry’s leading custody platform
for registered independent advisors (RIAs).
“We’re thrilled to announce the rollout of Model Market Center
on the Schwab custody platform – a key pillar of our promise to
bring together the best of Schwab Advisor Services and TD
Ameritrade in the new Schwab Advisor Center,” said Jalina Kerr,
managing director of client experience for Schwab Advisor Services.
“Advisors need streamlined, cost-effective ways to personalize
their offerings for clients, and Model Market Center allows them to
do just that at scale. They can select from a wide range of model
portfolios based on each client’s unique financial goals and risk
tolerance and combine them with other holdings to create the ideal
custom portfolio – without the burden of building an entire
strategy from scratch.”
Key benefits of Schwab’s Model Market Center include:
- Access: 526 model portfolios from 52 providers, with
more being added on an ongoing basis – and most of which are
available without a strategy fee
- Flexibility: Allows advisors to streamline portfolio
construction and rebalancing while providing the ability to
customize models based on client preferences and/or
restrictions
- Control: Advisors retain full control over key
investment decisions, such as when to rebalance or implement money
manager model updates
- Efficiency: Helps reduce the time and cost related to
portfolio construction, investment management, trading
administration and client paperwork
Model Market Center is accessible to advisors through iRebal®,
Schwab’s customizable rebalancing tool, which is also available on
Schwab Advisor Center. Schwab advisors who previously custodied
with TDA already have access to Model Market Center and iRebal;
additional Schwab advisors will receive access to both tools in the
coming months. Advisors interested in learning more or requesting
access to Model Market Center/iRebal can visit
https://advisorservices.schwab.com/irebal/survey.
Schwab Advisor Services continues to accelerate its
technology enhancements
The rollout of Model Market Center alongside iRebal is the
latest in Schwab’s ongoing efforts to modernize the Schwab Advisor
Center platform, building out new capabilities while integrating
some of the most popular features from TDA’s Veo One® platform.
Enhancements rolled out in recent months include: the launch of
thinkpipes, an advanced trading tool for advisors, on Schwab
Advisor Center; several user experience upgrades to Schwab Advisor
Center to support ease of use and more efficient navigation;
updating the policies and functionality of Schwab’s Move Money
tool; and several other upgrades based on feedback received from
advisors following the migration of TDA RIAs to Schwab’s platform
in September.
“Creating the best custodial platform in the industry is a
continuous effort rooted in advisor feedback and constant
innovation,” said Alison Dooher, managing director and head of
digital advisor services at Schwab Advisor Services. “Our approach
isn’t about innovation for innovation’s sake; it’s about listening
closely to our clients, understanding what’s important to them, and
introducing technology aimed at making it easier for them to serve
their clients. That’s why we’ve worked quickly to introduce new
features and functionality to Schwab Advisor Center in the wake of
our Labor Day transition – to be as responsive to our clients as
they are to theirs. We are focused on building best-in-class tools
that help advisors of all sizes embrace a more secure, more
efficient, digital-first philosophy – and with it, the potential
for growth and success.”
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 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, SSB (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.
Material made available through the Model Market Center is
provided by affiliated and unaffiliated Model Managers and
information providers. Schwab has not paid for or been involved in
the preparation of the content, and has not verified, endorsed or
approved the content. Schwab assumes no responsibility for any
fact, recommendation, opinion, or advice contained in any such
model portfolio or materials and expressly disclaims any
responsibility for any investment decisions or for the suitability
of any security or transaction based on it. Any mention of specific
managers and/or models should not be considered an endorsement or
recommendation by Schwab. Users of Model Market Center are
responsible for all upfront and ongoing manager and model due
diligence.
Certain model attributes are sourced from Informa PSN. The PSN
Data Set and any other Informa content is supplied by Zephyr, A
Division of Informa Business Intelligence, Inc. The PSN Data Set
may not be copied or distributed and is not warranted to be
accurate, complete or timely. Schwab and Informa Business
Intelligence, Inc. are separate unaffiliated companies and are not
responsible for each other’s services.
Schwab typically receives remuneration from ETFs and mutual
funds and/or their managers that participate in the MMC for
administrative and/or other services.
Model Market Center leverages iRebal® to provide independent
RIAs access to model portfolios provided by affiliated and
unaffiliated Model Managers.
iRebal® is a technology offering of Schwab. Rebalancing does not
protect against losses or guarantee that an investor's goals will
be met. Market volatility, volume, and system availability may
delay account access and trade executions.
TD Ameritrade Institutional, Division of TD Ameritrade, Inc.,
member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation.
TD Ameritrade is a trademark jointly owned by TD Ameritrade IP
Company, Inc. and The Toronto-Dominion Bank.
Schwab Advisor Services™ serves independent investment advisors
and includes the custody, trading and support services of Charles
Schwab & Co., Inc. ("Schwab"), member SIPC, to independent
investment advisors and Charles Schwab Investment Management, Inc.
(“CSIM”).
Independent investment advisors are not owned by, affiliated
with, or supervised by Schwab. For informational purposes only.
©2023 Charles Schwab & Co., Inc. (“Schwab”) All rights
reserved. Member SIPC.
(1023-3VDJ)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231024191509/en/
Kelly Cook Schwab Advisor Services (480) 599-4786
kelly.cook@schwab.com
Meghan Warren The Neibart Group (347) 766-4589
sas@neibartgroup.com
Charles Schwab (NYSE:SCHW)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Charles Schwab (NYSE:SCHW)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024