Schwab Advisor Services Unveils Latest Technology Initiatives to Support RIA Growth and Client Service Needs

  Schwab Advisor Services Unveils Latest Technology Initiatives to Support RIA
  Growth and Client Service Needs

New offerings help RIAs build scale, reduce infrastructure and streamline
processes that enable increased focus on client relationships


Business Wire

WASHINGTON -- November 11, 2013

Schwab Advisor Services announced the launch of several key initiatives that
fuel the continued evolution of technology from underlying infrastructure in
an independent registered investment advisor (RIA) firm to a central role in
the support of client relationships and firm growth. The new offerings include
Schwab OpenView Mobile^TM, an advisor-branded app for RIAs, the pilot of
electronic approvals for forms and wires, and plans for Project PM^2, a next
generation approach to portfolio management.

“Technology is foundational in helping advisors meet their clients’
expectations for ‘anytime, anywhere’ service,” said Neesha Hathi, senior vice
president, Advisor Technology Solutions, Schwab Advisor Services. “Schwab is
introducing capabilities that allow advisors to reinvent their model in a way
that enhances the client experience, reinforces their differentiation and
helps them scale their businesses. Whether it is reducing paperwork and
streamlining processes through mobile authorizations, providing real-time
access through their own mobile app or bringing more insights to advisors
through data integration, Schwab is focused on helping advisors leverage
technology strategically in their business to maximize impact.”

Schwab OpenView Mobile: Extending the RIA’s brand into mobile devices

Recognizing that clients are increasingly using mobile devices, combined with
the desire of many advisors to elevate their own firm’s brand, Schwab
Performance Technologies^® announced a customizable app that RIAs can use to
create a turnkey, branded mobile presence enabling 24/7 connection with
clients. Schwab OpenView Mobile, with apps for both the Google Play and iTunes
App Stores, is in pilot now and is targeting general availability in early

Electronic Authorizations for Forms and Wires: Rapid, transparent and
paperless service experience

First announced at IMPACT 2012, Schwab is now piloting its new electronic
authorizations for forms and wires with a select group of clients. Electronic
authorization for forms and wires allow electronic signatures and
authorizations in two key areas – account paperwork and transaction
authorization – significantly  reducing processing time, eliminating paper and
increasing efficiency. The new capabilities are deeply integrated with current
RIA and client workflows as well as tools including Schwab Advisor Center^®,
Schwab Alliance and Schwab Mobile.

“Electronic authorizations will save advisors significant time, enhance the
experience for their clients, and help them maintain the safety and security
of client information,” Hathi noted.

Project PM^2: Next generation portfolio management

As one of the largest providers of portfolio management software to RIAs,
Schwab Performance Technologies announced plans to develop a next generation
portfolio management system called Project PM^2.

“The portfolio management process itself is not as valuable as the outcome of
the process: the information that is shared, conversations and trust that are
built between the advisor and the client,” said Hathi. “We have a new vision
for portfolio management that will access custodial data directly, create
dashboards, reports and presentations rapidly, enabling an advisor to easily
uncover insights, and through one-step publishing, let the advisor share
information with clients directly anytime, anywhere.”

Schwab Intelligent Integration

Schwab continues to expand on its mission to help advisors get the most out of
their technology solutions. Recognizing the growing importance of financial
planning capabilities for today’s advisors, Schwab Performance Technologies is
announcing today the expansion of its relationship with PIEtech to integrate
the popular MoneyGuide Pro financial planning solution into the Schwab
OpenView Integrated Office™ platform.

Schwab Intelligent Technologies™ continues to expand Schwab OpenView
MarketSquare, the review site that compiles feedback and ratings from RIAs on
some of the leading technology vendors and products in the industry.
Twenty-five of the nearly 70 MarketSquare technology vendors will be
participating at IMPACT this year with 14 of those featured in kiosks on the
show floor.

“Technology is mission critical to the advisor’s business,” said Brian
Shenson, vice president, Advisor Technology Solutions, Schwab Advisor
Services. “Through Schwab Intelligent Integration we have been making big
strides towards enabling advisors to navigate their technology choices in this
expanding ecosystem, and then actively integrate their technology investments
into day-to-day workflows in order to demonstrably scale and grow their
business and better serve clients.”

Key Technology Trends

During her IMPACT presentation, Hathi detailed four key trends that Schwab
considers critical for advisors: mobile, cloud-computing, big data, and
integration. The technology updates announced at IMPACT all leverage a
combination of these trends and can be seen as the next series of initiatives
being rolled out by Schwab to support the growth and success of independent
RIAs and the RIA industry.

More details about how Schwab is advocating on behalf of RIAs, enabling them
to compete with other models, preparing them to thrive in an ever changing
environment, and supporting them in transforming their client relationships
are available in a news release highlighting the IMPACT 2013 opening
presentation by Bernie Clark, executive vice president and head of Schwab
Advisor Services.

Follow IMPACT 2013 news & updates @Schwab4RIAs #SchwabIMPACT.

Charles Schwab & Co., Inc., Schwab Performance Technologies and Schwab
Intelligent Technologies are affiliated as separate subsidiaries of The
Charles Schwab Corporation, but their respective products and services are
independent of each other.

About Schwab Performance Technologies

Founded in 1985, Schwab Performance Technologies® (SPT) is a subsidiary of The
Charles Schwab Corporation and a leading provider of portfolio management and
accounting solutions to approximately 3,800 independent financial advisors and
investment managers. PortfolioCenter®, PortfolioServices, and Schwab OpenView
Integrated Office™ are products of SPT. An open architecture firm, SPT
provides services to all independent advisors regardless of custodial
relationships. SPT also supports third-party outsourcing providers that use
PortfolioCenter as the basis for their offering. More information is available

About Schwab IntelligentTechnologies

Schwab Intelligent Integration is a multi-year initiative designed to increase
integration between disparate systems and workflows in advisors’ offices.
Schwab OpenViewMarketSquare™, Schwab OpenView Gateway™ and the Schwab
OpenView Workflow Library™ are products of Schwab Intelligent Technologies™.
Participating providers in Schwab OpenView Gateway are Junxure, Microsoft,
Salentica,, and Tamarac. More information about Schwab
Intelligent Integration is available

About Schwab

At Charles Schwab we believe in the power of investing to help individuals
create a better tomorrow. We have a history of challenging the status quo in
our industry, innovating in ways that benefit investors and the advisors and
employers who serve them, and championing our clients’ goals with passion and

More information is available at Follow us on Twitter,
Facebook, YouTube, LinkedIn and our Schwab Talk blog.


Through its operating subsidiaries, The Charles Schwab Corporation (NYSE:
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