Schwab Advisor Services today introduced the Schwab Alternative Investment Marketplace™ platform, which gives Schwab’s independent adviser clients access to third-party platform sponsors that offer menus of private funds. The new platform delivers a number of benefits for independent advisers, including removal of custodial fees, streamlined capital call processing, and access to third-party alternative investment funds.
The Schwab Alternative Investment Marketplace platform offers access to private funds provided by third-party platform sponsors. These sponsors provide advisers a seamless experience by pre-qualifying clients, controlling document workflows electronically, and offering access to detailed fund information. Minimums starting at $100,000 give advisers’ eligible clients the opportunity to participate in sophisticated solutions designed for high-net-worth investors, while allowing advisers to customize the use of alternative investments to meet their cl
