Schwab Intelligent Portfolios Premium™ Wins Hybrid Advice Category in Aite Group 2020 Digital Wealth Management Impact Innovation Awards
As part of Aite Group’s recently announced 2020 Digital Wealth Management Impact Innovation Awards, Schwab Intelligent Portfolios Premium has been named the winner in the Hybrid Advice Offering category. Schwab Intelligent Portfolios Premium is a subscription-based digital advisory service that combines automated investing with unlimited guidance from a CERTIFIED FINANCIAL PLANNER™ professional. The Digital Wealth Management Impact Innovation Awards recognize and honor innovation achieved by financial institutions leveraging technology to surpass the status quo.
“Whether they’re self-directed or seeking advice, the majority of our clients want investment services that combine the best of what technology and humans can provide”
“Whether they’re self-directed or seeking advice, the majority of our clients want investment services that combine the best of what technology and humans can provide,” said Cynthia Loh, Charles Schwab vice president of digital advice. “We know from experience that access to professional guidance is especially important when the market is volatile and things are uncertain – as we’re seeing right now. Schwab Intelligent Portfolios Premium is designed to break down barriers with a more accessible financial planning service that meets consumers’ expectations for simplicity, transparency and value.”
Schwab Intelligent Portfolios Premium provides investors with:
- Unlimited 1:1 guidance from a CERTIFIED FINANCIAL PLANNER™ professional who can provide personalized financial advice based on current goals and circumstances
- A comprehensive and customized financial plan
- 24/7 access to the financial plan via a comprehensive digital planning experience
- A diversified portfolio of low-cost exchange-traded funds (ETFs) that automatically rebalances over time
Schwab Intelligent Portfolios Premium has a $25,000 minimum and charges an initial one-time $300 fee for planning and a $30 monthly subscription ($90 billed quarterly).