Asset manager · SAN Francisco, CA
Charles Schwab Investment Management, Inc
SEC-registered investment adviser · CRD 106753 · SEC 801-35905
At a glance
Charles Schwab Investment Management, Inc is an SEC-registered investment adviser based in SAN Francisco, California, with $1.7 trillion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is investment companies, and it reports 852,332 individual clients. By Form ADV it is a asset manager, ranked 12th of 3,218 asset managers and 14th of 17,210 SEC-registered advisers by assets.
Main office 800-650-9744schwab.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.72T
- Rank among asset managers
- #12 of 3,218
- Rank among all SEC RIAs
- #14 of 17,210
- Rank in California
- #4 of 1,873
- Individual clients
- 852,332
- High-net-worth clients
- 154,404
- Accounts
- 856,597
- Discretionary
- 99% of AUM
- Employees
- 946
- Advisory staff
- 175
- Offices
- 168
Owners and executives on its Form ADV
- Omar Aguilar ChavezDirector, Chief Executive Officer, President and Chief Investment Officer
- Richard A WursterDirector
- William P. McMahonChief Investment Officer
- Catherine M. MacgregorChief Legal Officer
- Jessica A. SeidlitzChief Financial Officer and Chief Operating Officer
- Patrick S CassidyChief Investment Officer
- Michael Daniel VerdeschiDirector
- Mark HunterChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Charles Schwab Investment Management, Inc is a hybrid RIA: 138 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Charles Schwab & Co., Inc..
- Charles Schwab & Co., Inc. ↗CRD 5393
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 109 | $1.47T | 86% |
| Individuals | 697,928 | $108B | 6% |
| High-net-worth individuals | 154,404 | $107B | 6% |
| Pooled investment vehicles | 166 | $25B | 1% |
| Corporations or other businesses | 1,901 | $4.0B | <1% |
| Pension and profit sharing plans | 1,805 | $1.7B | <1% |
| Charitable organizations | 264 | $758M | <1% |
| Insurance companies | 10 | $420M | <1% |
| State or municipal government entities | 10 | $239M | <1% |
Disciplinary disclosures
Charles Schwab Investment Management, Inc answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗schwab.com ↗
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The full record on Charles Schwab Investment Management, Inc
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 25 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Charles Schwab Investment Management, Inc manage?
Charles Schwab Investment Management, Inc reports $1.7 trillion in regulatory assets under management across 856,597 accounts, 99% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Charles Schwab Investment Management, Inc?
Charles Schwab Investment Management, Inc is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Charles Schwab Investment Management, Inc’s clients?
By assets, its largest client types are investment companies ($1.5 trillion, 109 clients); individuals ($108.5 billion, 697,928 clients); high-net-worth individuals ($106.9 billion, 154,404 clients).
Does Charles Schwab Investment Management, Inc have any disciplinary history?
Charles Schwab Investment Management, Inc answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Charles Schwab Investment Management, Inc’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →