What Is Schwab Intelligent Portfolios and How Does It Work?
Based on these answers, Charles Schwab will build you a diversified portfolio.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
The brokerage also offers another offering called Schwab Intelligent Portfolios Premium for an additional fee.
It might be a smart move if youre interested in investing based on different financial goals and risk tolerance.
It can help you save money, especially if youre in a higher income bracket.
Schwab will also consider how your withdrawals will affect your taxes.
you could choose to set up automatic withdrawals on a recurring basis to be deposited into your account.
The financial plan you receive is intended to help you with your financial goals.
Schwab is the only robo advisor so far that charges an upfront fee for similar services.
Doing so gives you a bit more agency while still allowing you to tap into Schwabs technology.
While having some cash is fine, the allocation Schwab chooses might not be ideal for some.
However, there are expense ratios for your underlying investments, which range from 0.04% to 0.18%.
Schwab mentions that most ETFs it uses in its client portfolios are on the lower end of this range.
Is Schwab Intelligent Portfolios Right for You?
The brokerage has a long-standing reputation, there are no management fees and portfolio options have low-cost ETFs.
However, the higher cash allocation may not be ideal for more aggressive investors.
The Schwab Intelligent Premium option is pretty decent, though its priced higher compared to other robo-advisors.
Still, its cheaper than hiring your own financial planner, so thats something to consider.
Frequently Asked Questions (FAQ)
What Is Schwab Intelligent Portfolios?
What Is a Robo Advisor?
A robo-advisor uses technology to manage investments and sometimes provides financial advice without much human intervention.
Readmore about robo-advisorsand how they can help you invest.
What ETFs Are in Schwab Intelligent Portfolios?
She is the host of the Buzzsprout and Beyond the Dollar podcasts.
Contributor Kristin Jenny contributed to this post.
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