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Schwab Intelligent Portfolios
schwab.comSummary
Schwab Intelligent Portfolios is an automated investing service that builds, monitors, and rebalances diversified portfolios of exchange-traded funds (ETFs). It offers commission-free stock trading and allows users to buy and sell cryptocurrency, specifically bitcoin. The service also provides options for financial planning and automated income generation for retirement.
Feature Matches2/12
See all2/12
Must Have
2 of 5
Commission-Free Stock Trading
Bitcoin Trading
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Other
0 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingFreemium
See allFreemium
Schwab Intelligent Portfolios
$0.00 one time
- Automated portfolio building
- Portfolio monitoring
- Automatic portfolio rebalancing
- Diversified portfolio of ETFs
- Access to personal dashboard to see progress or make updates
- Investors pay direct and indirect costs (e.g., ETF operating expenses)
- Schwab Bank earns income on cash allocation (indirect cost)
- Tax-loss harvesting requires $50,000 or more in invested assets
Schwab Intelligent Portfolios Premium
$30.00 monthly
- All features of Schwab Intelligent Portfolios
- Unlimited one-on-one guidance from a CERTIFIED FINANCIAL PLANNER® professional
- Initial planning fee of $300
- Advisory fee of $30 per month (billed quarterly)
- Investors pay direct and indirect costs (e.g., ETF operating expenses)
- Schwab Bank earns income on cash allocation (indirect cost)
- Tax-loss harvesting requires $50,000 or more in invested assets
Rationale
Schwab Intelligent Portfolios is primarily an automated investing service. While it offers stock trading and cryptocurrency (bitcoin) trading, it lacks the core features of a mobile-first financial services platform like instant P2P transfers, a prepaid debit card, and early direct deposit, which are central to the Cash App concept. The platform focuses on managed portfolios rather than direct peer-to-peer transactions or traditional banking features.
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See allBest alternatives to [Product] in 2024?
Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Oct 14·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Oct 11·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.