Schwab Intelligent Portfolios
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Schwab Scraps its Premium Robo Advisor Platform
Yahoo Finance· 2025-12-18 05:03
Another one bites the dust. Schwab will shut down its premium service combining digital advice and human advisors, Schwab Intelligent Portfolios Premium, at the start of next year. The discount brokerage will continue to offer its core, online-only service, Intelligent Portfolios, which has a $5,000 minimum and doesn’t charge a fee. It’s the latest example of traditional banking giants abandoning their robo aspirations, coming on the heels of similar announcements from UBS and US Bank. But Schwab’s move m ...