Schwab also has rolled out enhcnacements to its Institutional Intelligent Portfolios for institutional investors this year. The program, designed to better connect advisors with their clients’ portfolios, was started with ETF investments and then expanded to include mutual fund investments.
It now includes an account conversion feature that allows independent investment advisors easier ways to transfer investor clients’ existing Charles Schwab brokerage accounts to advisor-branded automated investment accounts. The paperless process makes it simpler for advisors to incorporate automated investing into their practices while freeing more time to spend with clients and efficiently grow their businesses, Schwab said.