Schwab Advisor Services

Custodian and technology provider for independent registered investment advisers.

RIA custodians

advisorservices.schwab.com

Schwab Advisor Services is the unit of Charles Schwab that holds client assets and provides trading, account and technology services for independent advisory firms.

Trade press reported the unit held about $5.85 trillion in client assets at the end of September 2026 and added 1,001 new RIAs in the third quarter.

In the filings

5,774 of 8,572 wealth-focused RIAs, or 67%, name Charles Schwab as a custodian on Form ADV. See the full record.

What it does

Custody
Trading
Advisor Center platform
Rebalancing tools
Referral network

Coverage

Schwab says it will keep adjusting its SAN referral program
Financial ADVSR, Oct 31
Small RIAs get a $4,800 Claude offer from Schwab, but the seat minimum remains
Financial ADVSR, Oct 29
Schwab Expands AI Tools For RIAs
Wealth Solutions Report, Oct 29
Schwab pledges continued custody support for RIAs under $100 million
Financial ADVSR, Oct 28
What It Takes to Succeed as an Advisor Now: Schwab's Beatty
ThinkAdvisor, Oct 28
Nevis raises $70 million Series B led by EQT Ventures
Financial ADVSR, Oct 26
Syntax links direct indexing engine to Schwab's iRebal rebalancing platform
Financial ADVSR, Oct 25
Rick Wurster chides Fidelity in wake of Fido's $100-million RIA purge, as Q3 net-new RIA assets -- both Schwab Advisor Services and Schwab Wealth Advisory -- soar 47% and 55%, respectively
RIABiz, Oct 15

All our coverage of Schwab

Others in Custody and clearing

All Custody and clearing vendors