Schwab Wealth Advisory

Schwab Wealth Advisory, Inc. provides non‑discretionary, periodic investment advice and wealth‑management services to clients who enroll in the Schwab Wealth Advisory (SWA) program and related managed account programs (MAS and SMP). The firm’s advice is delivered to Schwab brokerage clients who meet program eligibility requirements (Schwab currently cites an initial enrollment threshold of $500,000, subject to waiver) and includes access to financial planning, trade execution and custody services through Schwab.

SWAI’s recommendations are grounded in Schwab’s asset‑allocation models, risk‑tolerance frameworks and proprietary research tools (including Schwab Equity Ratings®), and may include recommendations to allocate to SMAs, mutual funds, ETFs and alternative investments. SWAI does not exercise investment discretion in client accounts; clients make final buy/sell decisions and SWAI typically conducts periodic reviews at least annually.

This firm is notable for its broad corporate affiliations within The Charles Schwab Corporation—among them a futures commission merchant (Charles Schwab Futures and Forex LLC), affiliated banking and trust entities, and an affiliated asset manager (CSIM) that manages Schwab Wealth Portfolios and Schwab Funds/ETFs—creating an integrated product and service ecosystem. Unlike most enterprise advisers, SWAI does not contract directly with or receive percentage‑of‑assets fees from SWA clients; instead, SWAI is compensated by Schwab under an internal arrangement (described in the brochure), a structure the firm discloses as giving rise to specific conflicts of interest and supervisory controls.