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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 can become more complex as your assets grow. Consider taking 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 invest in the individual securities, which can provide the ownership, control, and transparency you may seek. 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.

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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 a range of investment strategies and the power to choose one focused strategy or to diversify across several asset classes.

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    Quality

    Your account will be managed by the 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 request to make adjustments—tax-loss harvesting and security or industry restrictions2.

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    Partnering

    A Schwab Financial professional can 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 experienced asset managers with low account minimums and at a competitive price, helping to keep more of your money working for you.

Find the strategy that's right for you.

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

  • Domestic and international equity strategies
  • Fixed income strategies, including bond ladders, and tax-advantaged municipals
  • Balanced strategies that include multiple asset classes
  • Environmental, Social, and Governance strategies across equity and fixed income asset classes (indicated by Socially Responsible Investing icon icon)

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

These strategies and asset managers undergo ongoing rigorous review by CSIA, which assures you have a variety of qualified asset managers to choose from.

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Make informed investment decisions by reviewing important details.

  • Mutual funds
  • ETFs
  • Managed Account Select
  • Account funding
  • Mutual funds
    Cash
  • ETFs
    Cash
  • Managed Account Select
    Cash or securities
  • Minimum investment at Schwab
  • Mutual funds
    As low as $1
  • ETFs
    One share
  • Managed Account Select
    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 (Other fees such as transaction fees, operating expenses, and commissions [loads] may apply.)
  • Managed Account Select
    Tiered, asset-based fee3 (No trading or transaction fees)

Frequently asked questions about Managed Account Select.

A managed account (or separately managed account) is a portfolio of individual securities, such as stocks or bonds, that is managed on your behalf by a professional asset management firm. Unlike with a mutual fund or exchange-traded fund, you directly own the individual securities. Each separately managed account is designed to follow a specific asset class or achieve a targeted investment objective.

Yes. The minimum investment to open an account in Managed Account Select varies depending on strategy and asset manager. Typical minimum investments:

  • Equity strategies: $100,000
  • Fixed income strategies (including municipal bond ladders): $250,000
  • Balanced and equity index strategies: $250,000
  • Diversified Portfolios: $350,000

Our asset-based fees are blended on a tiered scale and decline with additional assets.3

  • Fees for equity strategies start at 1.00%
  • Fees for balanced, Diversified Portfolios, and equity index strategies start at 0.95%
  • Fees for fixed income strategies start at 0.65%
  • Fees for municipal bond ladders start at 0.45%

You may be able to take advantage of lower pricing if you have multiple Managed Account Select accounts within your household, provided they are of the same asset class.4

When you invest in a managed account, you own the underlying securities. This provides you with the ability to request for adjustments based on your specific needs or goals, such as:

  • Exclude a particular security or industry from your account2
  • Support tax efficiency through tax-loss harvesting
  • Elect to invest in environmental, social, and governance integration

 

    No. Schwab believes in giving investors the freedom to choose from experienced third-party investment management firms. You can select from more than 50 asset managers representing approximately 145 individual strategies.

    Charles Schwab Investment Advisory, Inc. (CSIA) has a team of analysts who research, evaluate, and perform ongoing due diligence on the asset managers and strategies in Managed Account Select. CSIA's evaluation of asset managers and strategies for Managed Account Select, both qualitative and quantitative analyses, are conducted to provide a diverse array of strategies across multiple investment styles.

    No. If you have an existing relationship with a Schwab Financial professional, you can continue to work with him or her to review, select, and monitor your managed account. Your Schwab Financial professional will communicate with your selected asset manager on your behalf.

    Questions? We're ready to help.