Charles Schwab Investment Management, Inc (San Francisco)

Name: Charles Schwab Investment Management, Inc
Address: 211 Main Street, San Francisco, CA, 94105
Telephone: 415-667-9200

Charles Schwab Investment Management, Inc is a large advisory firm based in San Francisco. It manages $379.32 billion of regulatory assets for 130 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Charles Schwab Investment Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Charles Schwab Investment Management: assets under management

The assets under management (AUM) of Charles Schwab Investment Management, Inc is $379.32 billion. The firm's AUM has grown by 201% since the beginning of its operation, and $1.95 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $358.13 billion in discretionary accounts and $21.19 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.51 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $756.67 million.

Charles Schwab Investment Management has custody of $1.95 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Charles Schwab Investment Management, Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Walter William Bettinger serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Walter William Bettinger is investment companies with 101 clients and $356.18 billion of assets under management. Among the 11 most similar advisory firms, Charles Schwab Investment Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $379.32 billion for 130 clients. 1% of the firm’s clients are foreign persons or businesses.

Charles Schwab Investment Management doesn't advise any private funds.

Careers at Charles Schwab Investment Management, Inc

The company employs 492 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Walter William Bettinger has been acting as President since 1 Jul 2016. Jonathan Christian De St Paer joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
The Charles Schwab Corporation	100% owner of registrant	1 Oct 1989	75% - 100%	94-3025021
Charles Robert Schwab	Chairman and director	1 Dec 1989	Other	416082
David Steven Pottruck	Director	1 Dec 1989	Other	1215755
Taichin Tung	Svp and cfo	1 Mar 1996	Other	2040873
Jeremia Harrison Chafkin	President and coo	1 Oct 1999	Other	4029494
Koji Edwin Felton	Vp and chief counsel	1 Jul 2000	Other	3092188
John Philip Coghlan	Ceo and director	1 Nov 2000	Other	1478136
Brigid Breen	Vp and chief compliance officer	1 Nov 2000	Other	4158011
Stephen Beecher Ward	Director, svp & chief investment officer	1 Nov 2001	Other	2149235
Randall Scott Fillmore	Vp and chief compliance officer	1 Aug 2002	Other	4188259
Randall Wayne Merk	Director, president and chief executive officer	1 Sep 2002	Other	1914580
Evelyn Sanciangco Dilsaver	Director, president and chief executive officer	1 Jul 2004	Other	2227127
Michael Ray Clinton	Vp and acting cfo	1 Sep 2004	Other	2721577
George Manuel Pereira	Svp, chief financial officer and chief operating officer	1 Nov 2004	Other	4047873
Randall Wayne Merk	Director	1 Sep 2006	Other	1914580
Randall Wayne Merk	Director, president and chief executive officer	1 Aug 2007	Other	1914580
Randall Wayne Merk	Director	1 Sep 2007	Other	1914580
Bari Manzari Havlik	Svp & chief compliance officer	1 Mar 2009	Other	1085728
Michael Frederick Hogan	Vp and chief compliance officer	1 Jul 2009	Other	2986381
Marie Anastasia Chandoha	Director, president and chief executive officer	1 Dec 2010	Other	1387092
Omar Aguilar Chavez	Senior vice president and chief investment officer - equities	1 Apr 2011	Other	4782958
David John Lekich	Vice president and acting chief counsel	1 Apr 2011	Other	4170869
Brett Harlan Wander	Senior vice president and chief investment officer - fixed income	1 Jun 2011	Other	2569034
Brett H Wander	Senior vice president and chief investment officer - fixed income	1 Jun 2011	Other	2569034
David John Lekich	Senior vice president and chief counsel	1 Sep 2011	Other	4170869
David John Lekich	Senior vice president and chief counsel	1 Oct 2011	Other	4170869
Michael Frederick Hogan	Svp and chief compliance officer	1 Jan 2014	Other	2986381
Omar Aguilar Chavez	Svp and chief investment officer - equities and multi-asset strategies	1 Jul 2016	Other	4782958
Walter William Bettinger	Director	1 Jul 2016	Other	2915574
Peter Brooks Crawford	Director	1 Jul 2016	Other	4453142
Jonathan Christian De St Paer	President	1 Oct 2018	Other	4731700

Based in San Francisco

The principal office where Charles Schwab Investment Management, Inc performs its advisory services is located at 211 Main Street, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-667-9200 or by fax 415-667-1430. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at csimfunds.com.