With that in mind, here's an alternative to Schwab Intelligent Portfolios that offers some benefits and features you won't find in Schwab's platform. The inclusion of these riskier asset classes actually improves the true market diversification of the Intelligent Portfolios. Schwab Intelligent Portfolios Review 2020: Pros, Cons and How It Compares Schwab Intelligent Portfolios charges no account management fee. There is a $300 setup fee and you'll pay $30 per month. Schwab Intelligent Portfolios Premium clients get unlimited one-on-one guidance from a Certified Financial Planner®, a customized financial plan to help meet their goals (such as buying a house or saving for college), and access to online financial planning tools. By using Investopedia, you accept our. Schwab Intelligent Portfolios Review Summary The Schwab Intelligent Portfolio is a quality robo advisor that deserves your consideration, but it has flaws. Learn more about the Schwab Intelligent Portfolios Premium features on the Schwab website. Feel confident in your financial future with all the features of Schwab Intelligent Portfolios, plus 1:1 guidance and personalized planning. In March 2019, the firm launched a premium service that allows its customers unlimited access to one-on-one guidance from a certified financial planner who can produce a personalized action plan for a setup fee of $300 plus a monthly fee of $30. Some might wonder how a robot could provide such value to a portfolio. The analysis capabilities and tools suggest that the logic is already there to allow interested clients to provide more detail and get a better-targeted portfolio. Charles Schwab Intelligent Portfolio is a robo-advisor offering more diversified portfolios with completely free management. This is only offered to clients with $50,000 or more of invested assets, but can be a major benefit to investors with large accounts or who are in high tax brackets. Schwab Intelligent Portfolios Premium. Investing. For those who don't want to play an active role in their investments and also don't want to hire a financial advisor, Schwab offers the Schwab Intelligent Portfolios automated investing, or robo-advisor platform. No management fee: As a company, one of Charles Schwab's main goals is to bring low-cost investment solutions to the masses, and that is certainly reflected in Schwab Intelligent Portfolios. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. It also means they have a fiduciary responsibility to their clients. Obviously, Schwab is able to eliminate fees because there will be some in the proprietary ETFs offered, and the cash allocation is quite high. Investopedia uses cookies to provide you with a great user experience. There are two types of support that robo-advisor clients could need -- investment advice and help with technical issues. By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. As with the markets, Schwab Intelligent Portfolios saw strong gains across the risk spectrum in Q3. On November 25, 2019, Charles Schwab announced a buyout of TD Ameritrade’s online brokerage. The minimum deposit to open an account is $5,000. Schwab Intelligent Portfolios is one of the latest additions to the Schwab family but is already the second-largest robo-advisor in the US with over 41 billion in assets under management. The robo-advisor is well-known for having no fees and providing a solid service in almost all areas. 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