Schwab Advisor Services has laucnhed the Schwab Alternative Investment Marketplace platform, which gives Schwab’s independent advisor clients access to third-party platform sponsors that offer menus of private funds.
The new platform delivers a number of benefits for independent advisors, including removal of custodial fees, streamlined capital call processing, and access to third-party alternative investment funds.
“We continually listen to what advisors tell us they need, and based on their feedback, we’re pleased to provide access for their clients to a growing list of alternative investment funds,” says Jalina Kerr, senior vice president, Client Experience, Schwab Advisor Services. “By working with known firms that have experience and scale, we’re offering an additional way to deliver alternative investment solutions to clients.”
The Schwab Alternative Investment Marketplace platform offers access to private funds provided by third-party platform sponsors. These sponsors provide advisors a seamless experience by pre-qualifying clients, controlling document workflows electronically, and offering access to detailed fund information. Minimums starting at USD100,000 give advisors’ eligible clients the opportunity to participate in sophisticated solutions designed for high-net-worth investors while allowing advisors to customise the use of alternative investments to meet their clients’ needs
