Charles Schwab Investment Advisory, Inc. (San Francisco)

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.

Charles Schwab Investment Advisory: assets under management

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 firm manages $70.58 billion in discretionary accounts and $5.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.61 million.

Charles Schwab Investment Advisory has custody of $322.98 million in cash and securities for 458 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

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.

What kind of clients Mark William Riepe serves?

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.

Careers at Charles Schwab Investment Advisory, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
The Charles Schwab Corporation	100 % owner	1 Jan 2010	75% - 100%	94-3025021
Mark William Riepe	President	1 Jan 2010	Other	1623068
Joseph Raymond Martinetto	Cfo	1 Jan 2010	Other	2996277
Scott Andrew Cook	Chief compliance officer & svp	1 Jan 2010	Other	2911396
Ted Fyke Angus	Vp & chief legal counsel	1 Jan 2010	Other	4156167
Carrie Louise Dolan	Cfo	1 Jan 2010	Other	4577384
William F Quinn	Treasurer, director	1 Jul 2010	Other	1638662
Michael Edward Gillespie	Chief compliance officer	1 Mar 2012	Other	1454804
Roseanne C Hauer	Chief compliance officer, interim	1 Feb 2015	Other	2589070
James Daniel Peterson	President	1 Sep 2017	Other	3092179
Michael Edward Gillespie	Chief compliance officer	1 Mar 2018	Other	1454804
Alyssa Duffy	Chief legal officer	1 Mar 2018	Other	4917358
Bryan Larry Olson	Chief operations officer	1 Mar 2018	Other	2804409
Richard A Wurster	Chief executive officer, director	1 Mar 2018	Other	6638804
Marlene Marie Laure Bates	Chief financial officer, director	1 Mar 2018	Other	5033442
Inc. Schwab Holdings	100% owner	1 Mar 2018	75% - 100%	94-1681731

Based in San Francisco

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.