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Charles Schwab Investment Management

SEC-registered adviser since 1990San Francisco, CACRD 106753

$1721.0B
AUM
856,597
Clients
See fees
Fee
175
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

Charles Schwab Investment Management is an investment adviser headquartered in San Francisco, California, and registered with the SEC since 1990. Its clients include investment companies, other individuals and high-net-worth individuals. High-net-worth individuals account for 6% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. Fee arrangements include a percentage of assets under management, fixed fees, performance-based fees and other arrangements. The Charles Schwab Corporation owns 75% or more of Charles Schwab Investment Management, and Omar Aguilar Chavez is its CEO.

Clients

Charles Schwab Investment Management serves 856,597 clients, 154,404 of them high-net-worth individuals. The average client has about $2 million with the firm, and high-net-worth clients hold 6% of its $1721 billion in assets.

Regulatory assets by client type
  • Individuals697,928 clients6%
  • High-net-worth individuals154,404 clients6%
  • Investment companies109 clients86%
  • OtherPooled investment vehicles, Pension and profit-sharing plans, Charitable organizations, State or municipal government entities, Insurance companies, Corporations and other businesses2%
Show client breakdown
Individuals (other than HNW)
Clients
697,928
Regulatory AUM
$108,472,648,739
Share
6.3%
Avg. per client
$155K
High-net-worth individuals
Clients
154,404
Regulatory AUM
$106,928,612,606
Share
6.2%
Avg. per client
$693K
Investment companies
Clients
109
Regulatory AUM
$1,473,807,453,082
Share
85.6%
Avg. per client
$13.52B
Pooled investment vehicles
Clients
166
Regulatory AUM
$24,657,994,202
Share
1.4%
Avg. per client
$148.5M
Pension and profit-sharing plans
Clients
1,805
Regulatory AUM
$1,695,676,780
Share
0.1%
Avg. per client
$939K
Charitable organizations
Clients
264
Regulatory AUM
$757,529,406
Share
0.0%
Avg. per client
$2.87M
State or municipal government entities
Clients
10
Regulatory AUM
$239,163,028
Share
0.0%
Avg. per client
$23.9M
Insurance companies
Clients
10
Regulatory AUM
$420,281,815
Share
0.0%
Avg. per client
$42.0M
Corporations and other businesses
Clients
1,901
Regulatory AUM
$4,046,555,238
Share
0.2%
Avg. per client
$2.13M

Total

Clients
856,597
Regulatory AUM
$1,721,025,914,896
Share
100%
Avg. per client
$2.01M

What it does

Charles Schwab Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees, performance-based fees and other arrangements.

Charles Schwab Investment Management provided financial planning to 0 clients last fiscal year and advises no private funds.

98.6% of assets ($1697.04B across 856,567 accounts) are managed with discretion; $23.99B across 30 accounts are not. $211.49B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks16%
    • Exchange-traded equities15%
    • Non-exchange-traded equities1%
  • Funds63%
  • Bonds14%
    • State and local bonds10%
    • Investment grade corporate bonds4%
  • Cash6%

Filed values cover 99%. The neutral 1% gap has no reported category.

Custodians

Charles Schwab Investment Management’s client accounts are held mainly at Charles Schwab, with 13% of managed assets. Charles Schwab Investment Management has custody of $503.8M for 393 clients.

Managed account assets by custodian
  • Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $222.64B13%
  • All other custodians$1498.38B87%

Ownership and leadership

The Charles Schwab Corporation owns 75% or more of Charles Schwab Investment Management, and Omar Aguilar Chavez is its CEO.

Who owns the firm
Charles Schwab Investment Management, Inc· the adviser

  • The Charles Schwab Corporation

    Control person · since October 1989

    Owns 75% or more of Charles Schwab Investment Management, Inc

Leadership

  • Omar Aguilar Chavez
    Director, Chief Executive Officer, President and Chief Investment Officer
  • Jessica Seidlitz
    Chief Financial Officer and Chief Operating Officer
  • Mark Hunter
    Chief Compliance Officer
  • Patrick Cassidy
    Chief Investment Officer
  • Catherine Macgregor
    Chief Legal Officer
  • William McMahon
    Chief Investment Officer
  • Michael Daniel Verdeschi
    Director
  • Richard Wurster
    Director

Staff

  • 946 employees
  • 175 in advisory functions
  • 37 state-registered reps
  • 138 broker-dealer reps
  • 3 insurance agents
  • 1 soliciting firm

Reported holdings

Charles Schwab Investment Management’s reported 13F holdings total $751.32B across 3,439 positions, and the ten largest make up 21.8% of it.

$751.32B
Reported 13F value
3,439
Positions
21.8%
In the 10 largest
+14.8%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Nvidia Corporation4.3%
  2. Apple Inc.3.9%
  3. Microsoft Corp.2.6%
  4. Amazon Com Inc.2.1%
  5. Alphabet Inc. · Cap Stk CL A1.9%
  6. Broadcom Inc.1.7%
  7. Schwab Strategic TR · Fundamental US L1.6%
  8. Alphabet Inc. · Cap Stk CL C1.5%
  9. Meta Platforms Inc. · CL A1.2%
  10. Unitedhealth Group Inc.1.1%

Together, the ten largest are 21.8% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $751.32B is not its $1721.03B in regulatory assets and does not represent any individual client's portfolio.

Fees

Charles Schwab Investment Management is paid through a percentage of assets under management, fixed fees (other than subscription fees), performance-based fees and other.

Charles Schwab Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Charles Schwab Investment Management has 167 offices (12 private residences, listed without an address), with 14 listed addresses across 11 states.

Listed office addresses by state

California · 1 listed address

  • 425 Market Street, Suite 1700, San FranciscoHQ

Other business names

Charles Schwab Investment Management has reported 1 other business name to the SEC.

  • Schwab Asset Management

Registration details

Legal name
Charles Schwab Investment Management, Inc
Headquarters
425 Market Street, Suite 1700, San Francisco, CA 94105
Phone
800-650-9744
Website
Not reported
SEC file
801-35905
Structure
Delaware corporation
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Charles Schwab Investment Management have?

Charles Schwab Investment Management has 856,597 clients and manages $1721 billion for them, as of March 2026. They include 697,928 other individuals, 154,404 high-net-worth individuals and 1,901 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Charles Schwab Investment Management offer?

Charles Schwab Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Charles Schwab Investment Management use?

Charles Schwab Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $222,644,147,182. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026

How many financial advisors does Charles Schwab Investment Management have?

Charles Schwab Investment Management has 37 investment adviser representatives registered with state securities authorities, out of 946 employees, and 175 perform investment advisory functions. 138 are registered representatives of a broker-dealer and 3 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Charles Schwab Investment Management invest in?

At the end of its last fiscal year, Charles Schwab Investment Management’s separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 10% state and local bonds, 6% cash and equivalents, 4% investment grade corporate bonds and 1% non-exchange-traded equities. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Charles Schwab Investment Management?

Charles Schwab Investment Management’s direct owner is the Charles Schwab Corporation (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Charles Schwab Investment Management get paid?

Charles Schwab Investment Management is paid through a percentage of assets under management, fixed fees, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 106753.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Charles Schwab Investment Management, Inc and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.