Charles Schwab Investment Advisory, Inc. is a large advisory firm based in San Francisco. It manages $70.59 billion of regulatory assets for 403,292 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Charles Schwab Investment Advisory provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Charles Schwab Investment Advisory, Inc. is $70.59 billion. The firm's AUM has grown by 942% since the beginning of its operation, and $13.06 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Charles Schwab Investment Advisory, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mark William Riepe is individuals with 355,150 clients and $45.43 billion of assets under management. Among the 7 most similar advisory firms, Charles Schwab Investment Advisory has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $70.59 billion for 403,292 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Charles Schwab Investment Advisory doesn't advise any private funds.
The company employs 113 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 54 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Mark William Riepe has been acting as President since 1 Jan 2010. Michael Edward Gillespie joined the executive team most recently as the Chief Compliance Officer.
The principal office where Charles Schwab 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 Lone Tree, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-667-1910 or by fax 415-667-1430. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.