Home News Schwab Advisor Services Launches Alternative Investment Platform

Schwab Advisor Services Launches Alternative Investment Platform

Schwab Advisor Services has launched the Schwab Alternative Investment Marketplace platform, which gives the company’s independent advisor clients access to third-party platform sponsors that offer menus of private funds.

Schwab Advisor Services has launched the Schwab Alternative Investment Marketplace platform, which gives the company’s independent advisor clients access to third-party platform sponsors that offer menus of private funds.

The company said that the new platform delivers a number of benefits for independent advisors, including removal of custodial fees, streamlined capital call processing, and access to third-party alternative investment funds. Minimums start at $100,000 for eligible clients.

“We continually listen to what advisors tell us they need, and based on their feedback, we’re pleased to provide access for their clients to a growing list of alternative investment funds,” said Jalina Kerr, senior vice president of client experience at Schwab advisor services. “By working with known firms that have experience and scale, we’re offering an additional way to deliver alternative investment solutions to clients.”

iCapital Network is the first third-party platform sponsor to join the Schwab Alternative Investment Marketplace platform. As of June 30, 2019, the firm serviced more than $40 billion in invested capital across more than 100,000 underlying accounts.

Charles Schwab is an investment services firm with $3.77 trillion in total client assets and 12.1 million active brokerage accounts. The company serves 7,500 RIAs and has near 20,000 employees.

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