Schwab Announces New Personalization and Digital Capabilities for Schwab Personalized Indexing™
30 Marzo 2023 - 03:00PM
Personalization takes a step forward with new
Charles Schwab today announced new enhancements to Schwab
Personalized Indexing™, its direct indexing solution with tax-loss
harvesting and portfolio management capabilities. The enhancements
include new options for portfolio customization and digital
capabilities for retail clients who work with a Schwab financial
consultant. Similar enhancements are anticipated to be available to
independent advisors who custody with Schwab later this year.
Clients in Schwab Personalized Indexing can now exclude more
individual stocks as well as entire industries and sub-industries.
The maximum number of exclusions will be guided by a predictive
tracking error tool that provides an indication of how a portfolio
is expected to perform relative to its reference index.
Retail clients also now have access to a personal, account-level
digital dashboard through their Schwab.com account overview that
provides a real-time view of their account value. The dashboard
also highlights the performance of Schwab Personalized Indexing’s
proprietary tax-loss harvesting algorithms through modules that
show daily after-tax performance – including total realized gains
and losses generated in the account – and the daily estimated
account after-tax return. The new digital experience differentiates
Schwab Personalized Investing by providing retail clients with
deeper insights to help achieve their financial objectives.
Also on the digitization front, enrollment through Schwab
financial consultants has been digitized for individual retail
accounts, making enrollment in Schwab Personalized Indexing faster
and easier. Digitized enrollment is anticipated to be available to
more account types throughout 2023.
“We have seen strong adoption of Schwab Personalized Indexing
since its launch last year and we are excited to introduce new
customizations to further address unique client preferences or
situations – such as concentrated stock positions or values-based
exclusions – and to make investing a more personal experience,”
said Divya Krishnan, Director, Schwab Product Management. “The new
digital tools are designed to add transparency and accessibility to
valuable account information and analysis, setting Schwab
Personalized Indexing apart from competitors. We look forward to
delivering enhancements to our RIA clients later this year, as well
as adding more innovative direct indexing capabilities over
Schwab Personalized Indexing, which launched nearly one year ago
in April 2022, utilizes technology with human oversight to monitor
client portfolios and identify tax-loss opportunities on a daily
basis. It leverages a proprietary optimization process managed by a
team of investment professionals that brings more than two decades
of cumulative direct indexing experience.
Schwab Personalized Indexing has an account minimum of $100,000
— lower than most direct indexing offerings on the market which
typically start at $250,000 or higher — yet at an account size that
still provides the opportunity for meaningful tax benefits to the
For more information about Schwab Personalized Indexing visit
About Schwab Asset Management
One of the industry’s largest and most experienced asset
managers, Schwab Asset Management offers a focused lineup of
competitively priced ETFs, mutual funds and separately managed
account strategies designed to serve the central needs of most
investors. By operating through clients’ eyes, and putting them at
the center of our decisions, we aim to deliver exceptional
experiences to investors and the financial professionals who serve
them. As of December 31, 2022, Schwab Asset Management managed
approximately $724.0 billion on a discretionary basis and $33.7
billion on a non-discretionary basis. More information is available
About Charles 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 integrity.
More information is available at www.aboutschwab.com. Follow us
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This information is not intended to be a substitute for specific
individualized tax, legal or investment planning advice.
Neither the tax-loss harvesting strategy nor any discussion
herein is intended as tax advice, and Schwab Asset Management does
not represent that any particular tax consequences will be
obtained. Tax-loss harvesting involves certain risks including
unintended tax implications. Investors should consult with their
tax advisors and refer to Internal Revenue Service (“IRS”) website
at www.irs.gov about the consequences of tax-loss harvesting.
Schwab Personalized Indexing is available through Schwab's
Managed Account Connection® program ("Connection"). Please read
Schwab's Disclosure Brochure for important information and
disclosures relating to Connection and Schwab Managed Account
Diversification and asset allocation strategies do not ensure a
profit and cannot protect against losses in a declining market.
Please refer to the Charles Schwab Investment Management, Inc.
Disclosure Brochure for additional information.
Portfolio Management for Schwab Personalized Indexing is
provided by Charles Schwab Investment Management, Inc., dba Schwab
Asset Management, a registered investment adviser and an affiliate
of Charles Schwab & Co., Inc. ("Schwab"). Both Schwab Asset
Management and Schwab are separate entities and subsidiaries of The
Charles Schwab Corporation.
There are risks associated with any investment approach, and
each Schwab Personalized Indexing strategy and equity market
segment has their own set of risks based on client strategy
selection and further customization.
Strategies that use screening to exclude certain investments may
not be able to take advantage of the same opportunities or market
trends as strategies that do not use screens. There can be no
assurance that the strategies will achieve their desired outcomes.
Each investing strategy brings with it its own set of unique risks
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Christine Underhill Hudacko Charles Schwab 415-961-3790
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