Schwab Intelligent Portfolios® Review > Robo Advisers 

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​Schwab Intelligent Portfolios® Review


What is Schwab Intelligent Portfolios® & how does it work?

With Schwab Intelligent Portfolios, you can invest for retirement, save for a vacation, or work to build long-term wealth. You can also set and adjust a target withdrawal amount to help you get a sustainable income stream. Based on your answers to a short set of questions. Schwab's innovative technology selects from among the 53 low-cost professionally selected exchange-traded funds (ETFs) to create a diversified portfolio designed to help meet your specific goal. Schwab's sophisticated, proprietary technology monitors and re-balances your portfolio to help keep you diversified and on track. Schwab's investment experts keep a careful watch on every underlying investment, especially during periods of market volatility, to ensure they remain appropriate for your selected portfolio strategy.

​Schwab Fees & Features
Minimum Investment 
$5,000
Schwab Fees
None
Accounts Available
  • Individual, Joint Tenant with Rights of Survivorship, Tenants Common, Community Property, Custodial
  • Single Trustee, Two Trustees
  • Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA 
Tax Loss Harvesting
YES
401(K) Assistance
NO
Portfolio Rebalancing
YES
Automatic Deposits
Monthly, Bimonthly & Quarterly
Financial Advice
Automated
Fractional Shares
NO
Social Responsible Investing
NO
Customer Service
Chat, Email or Call (855) 694-5208
Promotions
None
Schwab Intelligent Portfolios® Summary
Schwab Intelligent Portfolios looks to be one of the best overall robo advisors available on the market. The fact that Schwab Intelligent Portfolios comes with no fees is a huge benefit. The typical fee range for robo advisors is 0.25% to 0.50% annually. This can significantly reduce a portfolio’s performance over the long haul.

But even more important is the very broad diversification offered. The portfolio seems to be oriented toward advancing in all types of markets. This is reflected by the inclusion of fundamental stock allocations, real estate investment trusts and precious metals, all of which have the potential to run counter to the investment mainstream. 

PROS
  • No Fees
  • Tax-loss harvesting
  • Higher level of diversification

Best For:
  • High Net Worth Investors
  • IRA Investors
  • Intermediate and Experienced Investors

​The lone disadvantage is the relatively high initial investment requirement. At $5,000, new and small investors would be better served by opening an account with either Betterment, which has no minimum initial investment requirement, or Wealthfront, which requires only $500 up front. But if you meet the minimum investment, Schwab Intelligent Portfolios is an excellent robo advisor choice.
Prosperment Recommended