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A woman in focus holds a document, with a man out of focus in front of her

Managed Account Select

Your financial picture becomes more complex as your assets grow. Take a more sophisticated approach to investing through Managed Account Select®.

What is a separately managed account?

A separately managed account is a portfolio of individual securities managed on your behalf by a professional asset management firm. You own the individual securities, which can provide the ownership, control, and transparency you deserve. We’ll work with you to find the managed account that fits your needs.

Ready to take your portfolio to the next level? Call 866-855-9041.

Ownership has its advantages.

When you invest in a separately managed account through Managed Account Select, you'll enjoy:

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    Choice

    You'll have access to an expansive range of investment strategies and the power to choose one focused strategy or to diversify across several asset categories.

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    Quality

    Your account will be managed by the respected, carefully vetted third-party professional asset manager you choose, and Charles Schwab Investment Advisory, Inc. (CSIA)1 holds them all to rigorous, research-based quality standards.

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    Flexibility

    Direct ownership of underlying securities lets you make adjustments—tax-loss harvesting or security or industry restrictions2—based on your full financial picture.

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    Partnering

    At every step of the way, you can work with a Schwab Consultant to help you find an appropriate solution to address your unique goals and needs.

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    Transparency

    You'll have a clear view of the individual securities you own, plus ready access to account details and trade information.

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    Value

    You can access the expertise of high-caliber asset managers with lower account minimums and at a competitive price, helping to keep more of your money working for you.

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Find the strategy that's right for you.

When you invest through Schwab Managed Account Select, you can choose from a wide range of strategies, including:

  • Domestic and international equity strategies
  • Fixed income strategies, including bond ladders
  • Balanced strategies that include multiple asset classes

All strategies are managed by professional, third-party asset managers, who apply their unique insights, experience, and investment savvy on your behalf.

These strategies and asset managers undergo rigorous review by Charles Schwab Investment Advisory (CSIA),which helps ensure that you have a variety of qualified asset managers to choose from.

Make solid investment decisions by reviewing important details.

  • Mutual funds
  • ETFs
  • Separately managed accounts
  • Account funding
  • Mutual funds

    Cash only
  • ETFs

    Cash
  • Separately managed accounts

    Cash or securities
  • Minimum investment at Schwab
  • Mutual funds

    $0
  • ETFs

    One share
  • Separately managed accounts

    Equities: Typically $100,000
    Fixed income: Typically $250,000
    Balanced: Typically $250,000
  • Fee structure
  • Mutual funds

    Flat asset-based fee (Other fees such as transaction fees, operating expenses, and commissions loads may apply.)
  • ETFs

    Flat asset-based fee (Trade commission may apply.)
  • Separately managed accounts

    Tiered, asset-based fee4 (No trading or transaction fees)

Frequently asked questions about Managed Account Select.

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Schwab ranked #1 in Advisory Services in Kiplinger's 2019 Best Online Brokers review.

Questions? We're ready to help.