Charles Schwab has announced stating that investor clients who possess assets exceeding $1 million will be enrolled in Schwab Private Client Services, while those with $10 million or more will be enrolled in Schwab Private Wealth Services.
As part of this enrollment, these clients will be assigned a dedicated Schwab consultant to oversee their relationship with the firm. Importantly, this service will be provided to the clients without additional charges, per the news release.
The new program offers a dedicated consultant who will assist clients in managing their financial affairs, helping them select the appropriate level of advice and services they require. The consultant will also aid in creating personalized financial plans and connecting clients with various wealth management specialists within Schwab. The program offers priority assistance, specialized service from support teams, advantageous pricing across Schwab's banking and broker-dealer solutions, expanded borrowing options, and access to wealth management specialists covering areas such as tax, trust and estate planning, equity compensation, retirement planning, and family support, according to ThinkAdvisor.
Jonathan Craig, head of investor services at Charles Schwab, emphasizes that while the firm is dedicated to meeting the needs of wealthier clients, they are equally committed to providing a great experience for clients at all levels. The new program aims to consolidate these benefits into a comprehensive "premier experience" for clients.
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