SEC-registered wealth management firm Broker-dealer affiliated
Schwab Wealth Advisory, Inc.
As of its Form ADV filed June 29, 2026, Schwab Wealth Advisory, Inc., an SEC-registered, broker-dealer affiliated wealth management firm in San Francisco, California, reported no regulatory assets under management.
Registration
- Main office
- San Francisco, CA
- Registration
- SEC-registered, Approved
- CRD number
- 159035
- SEC file number
- 801-72795
- Registered since
- December 9, 2011
- Latest Form ADV filing
- June 29, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 198
Key figures
- Regulatory assets under management
- $0
- Discretionary
- $0
- Non-discretionary
- $0
- Accounts
- 0 (0 discretionary)
- Clients
- 168,774, approximate as reported
- Employees
- 1,457
- Advisory staff
- 1,375 performing investment advisory functions
- Average account
- Not reported
- Asset growth, 1 year
- Not reported
- Asset growth, 3-year annual rate
- Not reported
- Asset growth, 5-year annual rate
- Not reported
- Client growth, 1 year
- 10.2% (from 153,088)
Broker-dealer affiliated. The firm is affiliated with a bank (Item 7.A(8)) that is part of a group with a broker-dealer (Item 7.A(1)) or controlled by a public company (Schedule D, Item 10.A). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
| Ranking | Nationally | In California | Value |
|---|---|---|---|
| Wealth firms with the most clients, including broker-dealer firms | #43 | #9 | 168,774 |
| Wealth firms with the fastest client growth over one year, including broker-dealer firms | #1,688 | #193 | 10.2%from 153,088 |
| Wealth firms with the most advisory staff, including broker-dealer firms | #34 | #2 | 1,375 |
| Wealth firms with the most CFP professionals, including broker-dealer firms | #13 | #2 | 653 |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2012 | $50.0 million |
| October 1, 2013 | $45.6 billion |
| October 1, 2014 | $58.3 billion |
| October 1, 2015 | $64.9 billion |
| October 3, 2016 | $67.8 billion |
| October 2, 2017 | $74.4 billion |
| October 1, 2018 | $90.0 billion |
| October 1, 2019 | $91.1 billion |
| October 1, 2020 | $0 |
| October 4, 2021 | $0 |
| October 3, 2022 | $0 |
| October 5, 2023 | $0 |
| October 1, 2024 | $0 |
| September 2, 2025 | $0 |
| October 2, 2026 | $0 |
Clients and services
Client mix
No client types reported.
How the firm is paid
- Other
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
Financial planning clients (Item 5.H): 90501.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
None reported.
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Futures commission merchant
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Pension consultant
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $218.2 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 1,681
- Also registered through a broker-dealer
- 1,648
- Employees who are IARs (Form ADV 5.B(3))
- 1,013
Designations held by the firm's IARs: CFP 653, CFA 56, ChFC 30.
Between 291 and 793 of the firm's 1,681 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 4 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in California
| Firm | City | RAUM |
|---|---|---|
| Ralston Advisors | San Diego | $0 |
| Ridgepoint Wealth Partners LLC | Rancho Palos Verdes | $0 |
| Created Wealth Advisory | Venice | $0 |
| Financial Celebrations | Vacaville | $0 |
| Leland Wealth Management | Not reported | $0 |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Schwab Wealth Advisory, Inc. on IAPD: Form ADV, brochures and disclosure detail.
- Wealth management firms in California
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.