An Untraditional Approach to Portfolio Management
While no one can predict with certainty what’s coming next, there is a way to help plan for the unexpected—both the opportunities and the potential pitfalls.
A different kind of managed portfolio solution, Windhaven® offers clients a choice of three broadly diversified strategies consisting primarily of low-cost index exchange-traded funds (ETFs). Using a proactive approach, investment manager Windhaven dynamically adjusts portfolio allocations, striving to capture growth in rising markets while attempting to reduce exposure in declining ones.
Windhaven analyzes over 40 global asset classes and may provide exposure to a combination of U.S. and international stocks, bonds, real estate, commodities, and currencies. See the strategies.
Proactive risk management.
The Windhaven approach demands constant evaluation of economic conditions, broad diversification, and the ability to act quickly. The result is a collection of strategies that have gained attention for their innovative approach to diversification and risk management over the past ten years. View performance.
A respected portfolio manager.
A leading investment advisory firm with over $18 billion in assets under management,1 Windhaven uses an approach that is based on extensive research into the cause-and-effect relationships that drive the global capital markets. Windhaven strategies are provided through Charles Schwab. Find out more about Windhaven.
Fees and minimums.
With management fees below 1%, you can invest in Windhaven for about the average cost of an actively managed mutual fund and get started with an initial investment of $100,000 or more. Learn more about fees and minimums.
Stephen Cucchiaro, Windhaven's Chief Investment Officer.
Learn more about Windhaven today.
Talk to a Schwab Investment Professional to see if Windhaven is right for you.
Call 877-340-1714 or visit a local Schwab branch.
1. As of 12/31/2013.
*Schwab Accountability Guarantee:
The guarantee applies to the following investment advisory services ("Participating Services") and associated program fees: (i) Schwab Private Client ("SPC"); (ii) Schwab Managed Portfolios™ ("SMP"); and (iii) Managed Account Connection® ("Connection") for accounts that are managed by investment advisors affiliated with Charles Schwab & Co., Inc. ("Schwab"): Windhaven Investment Management, Inc. ("Windhaven®"), ThomasPartners, Inc. ("ThomasPartners®"), and Charles Schwab Investment Management, Inc. ("CSIM").
The guarantee does not apply to (i) accounts managed by investment advisors that are not affiliated with Schwab; (ii) accounts managed by Schwab-affiliated advisors outside of the SPC, Connection, and SMP programs; or (iii) any other product or service made available by Schwab or its affiliates. SPC, SMP, and Connection are wrap fee programs sponsored by Schwab.
If at any time or for any reason you are not completely satisfied with a Participating Service, at your request Schwab will refund the associated program fee for the previous calendar quarter applicable to the Participating Service. The program fee is a percentage of the eligible assets in your Participating Service account(s). You will receive a credit to your Participating Service account(s) within approximately four weeks of your request. No other fees, commissions, charges, expenses, or market losses will be refunded. If Schwab is unable to address your concerns after consulting with you and refunding your program fee, Schwab will work with you to help meet your financial goals. Schwab reserves the right to change this guarantee in the future after providing notice. For additional information regarding associated program fees, please see the disclosure brochure for the Participating Service, available at the time you enroll or upon your request.
Past performance is not indicative of future returns, and the value of investments and the income derived from them can go down as well as up. Future returns are not guaranteed, and a loss of principal may occur.
Please refer to Windhaven's Form ADV Part 2 for more information.
Some specialized ETFs can be subject to additional risks. Investment returns will fluctuate and are subject to market volatility such that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost.
Windhaven’s risk-management process includes an effort to monitor and manage risk, but should not be confused with (and does not imply) low risk or the ability to control risk.
There are risks associated with any investment approach, and Windhaven strategies have their own set of risks to be aware of. First, there are the risks associated with the long-term core strategic holdings for each of the strategies. The more aggressive the Windhaven strategy selected, the more likely the strategy will contain larger weights in riskier asset classes, such as equities. Second, there are distinct risks associated with Windhaven Strategies' shorter-term dynamic allocations, which can result in more concentration towards a certain asset class or classes. This introduces the risk that Windhaven could be on the wrong side of a tactical over- or under-weight, thus resulting in a drag on overall performance.
Diversification strategies do not ensure a profit and do not protect against losses in declining markets.
International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, political instability, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.
Windhaven Diversified strategies are available through Schwab’s Managed Account Connection® program. Please read Schwab's disclosure brochure for important information and disclosures relating to Schwab Managed Account Connection and Schwab Managed Account Services™.
Portfolio management is provided by Windhaven Investment Management, Inc. ("Windhaven"), a registered investment advisor. Windhaven and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.