# Schwab Advisor Services

> Schwab Advisor Services is the Charles Schwab business providing custody, trading, advisor technology, and practice support to independent registered investment advisors. It serves more than 16,000 firms; the reported Advisor Services segment held $5.8459 trillion in client assets at September 30, 2026. Its offer combines brokerage infrastructure, integrated tools such as iRebal, third-party connections, and business education.

- **Founded:** 1987
- **Headquarters:** San Francisco, United States
- **Founders:** Charles R. Schwab (Founder of Charles Schwab & Co., Inc., the parent operating company; no separate division founder identified)
- **Products:** RIA custody and brokerage, Schwab Advisor Center, Schwab Alliance, iRebal, Model Market Center
- **Notable:** Launched Financial Advisors Service in 1987., Exceeded $1 billion in advisor-service client assets in 1988., Website reports more than 16,000 advisory firms as of July 2026.

## Products & services

- **RIA custody and brokerage** — Safekeeping and administration of client brokerage assets, trading execution, account servicing, and specialist support.
- **Schwab Advisor Center** — Advisor workspace for client account information, digital onboarding, account management, and trading.
- **Schwab Alliance** — Client-facing account access and digital approval tools for investors working with independent advisors.
- **iRebal** — Rule-based household portfolio rebalancing, tax-loss harvesting tools, cash management, and trading within Advisor Center at no additional cost; investment and model expenses may apply.
- **Model Market Center** — Model portfolios accessible through iRebal; some models carry strategist fees separate from underlying fund expenses.
- **Business Consulting and Education** — Practice management guidance, benchmarking, succession and growth resources, and advisor education.
- **Wealth services** — Access to investment, banking, and lending solutions through Schwab and affiliates, with applicable eligibility and terms.
- **Claude for Financial Advisors connection** — September 2026 collaboration with Anthropic to connect Schwab Advisor Center data with AI-assisted preparation, analysis, and documentation workflows.

## Achievements

- Launched Financial Advisors Service in 1987.
- Exceeded $1 billion in advisor-service client assets in 1988.
- Website reports more than 16,000 advisory firms as of July 2026.
- Advisor Services segment reported $120.1 billion in net new assets during Q3 2026.
- 2026 RIA Benchmarking Study gathered self-reported information from 1,236 Schwab-custody firms representing over $2.5 trillion in AUM.

## Latest updates

- **2026-10** — October 15 results reported $5.8459 trillion in Advisor Services client assets at September 30 and $120.1 billion in quarterly net new assets.
- **2026-09** — Schwab and Anthropic announced Claude for Financial Advisors connectivity on September 14.
- **2026-10** — As of the October 25 research date, Schwab’s published onboarding notice says eligible new accounts must use digital onboarding or DocuSign beginning November 2, 2026; exceptions may apply for accessibility or other appropriate circumstances.

## Links

- Website: https://advisorservices.schwab.com/
- LinkedIn: https://www.linkedin.com/company/schwab-advisor-services
- Twitter/X: https://twitter.com/Schwab4RIAs
- YouTube: https://www.youtube.com/@CharlesSchwab
- Instagram: https://www.instagram.com/schwab4RIAs/
- Facebook: https://www.facebook.com/CharlesSchwab/

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Profile page: https://yespress.io/schwab-advisor-services
Published by YesPress — https://yespress.io
Last updated: 2026-10-25