Schwab Private Client Investment Advisory, Inc. (San Francisco)


Schwab Private Client Investment Advisory, Inc. is a large advisory firm based in San Francisco. It manages $91.15 billion of regulatory assets for 182,872 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

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Schwab Private Client Investment Advisory provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 41,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Schwab Private Client Investment Advisory: assets under management

The assets under management (AUM) of Schwab Private Client Investment Advisory, Inc. is $91.15 billion. $445.78 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in non-exchange traded securities form 15% of the total invested assets.

What kind of clients Mary Elizabeth Stork serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Mary Elizabeth Stork is high net worth individuals with 68,394 clients and $63.31 billion of assets under management. Among the 8 most similar advisory firms, Schwab Private Client Investment Advisory has the highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $81.46 billion for 110,860 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Schwab Private Client Investment Advisory doesn't advise any private funds.

Careers at Schwab Private Client Investment Advisory, Inc.

The company employs 646 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 632 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mary Elizabeth Stork has been acting as President since 1 Jul 2014. Marc Christopher Stewart joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Schwab Holdings 100% owner 1 Aug 2011 75% - 100% 94-2904463
Joseph Scott Rhoades Chief financial officer 1 Aug 2011 Other 3127911
Barbara Jean Armeli Chief compliance officer 1 Aug 2011 Other 2029572
Robert K (Mi Only) Innes Chief legal officer 1 Aug 2011 Other 3228066
George Andrew Gill President 1 Aug 2011 Other 4498537
Jeffrey Warren Morley Vice president 1 Aug 2011 Other 1057198
Robert K Innes Chief legal officer 1 Aug 2011 Other 3228066
The Charles Schwab Corporation 100% owner 1 Jan 2012 75% - 100% 94-3025021
Terri Rae Kallsen President 1 Jul 2012 Other 4401732
Mary Elizabeth Stork President 1 Jul 2014 Other 2960253
Christopher Brian Thom Vice president 1 Oct 2015 Other 3137473
Marlene Bates Chief financial officer 1 Dec 2015 Other 5033442
Philip Roger Martin Chief compliance officer 1 Jun 2017 Other 2613565
Marc Christopher Stewart Chief compliance officer 1 Aug 2019 Other 2688699

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
The Charles Schwab Corporation Shareholder 1 Mar 1987 75% - 100% 94-3025021

Based in San Francisco

The principal office where Schwab Private Client Investment Advisory, Inc. performs its advisory services is located at 211 Main Street, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Orlando, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-667-7000 or by fax 415-667-0170. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at schwab.com.