DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Charles Schwab Investment Advisory, Inc

Former SEC-registered adviserSan Francisco, CaliforniaCRD 151739SEC 801-70737IAPD
Legal name Charles Schwab Investment Advisory, Inc.
Latest filing Dec 1, 2023
First filing on the tape Mar 28, 2012 · 35 filings
RAUM
$66B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$66B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
26
25 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$66B as of Mar 30, 2023
Mar 28, 2012$14B then
HNW client RAUM$21B as of Mar 30, 2023
Mar 30, 2018$22B then
State-registered IARs (5.B.3)6 as of Mar 30, 2023
Mar 22, 20130 then
Employees (5.A)26 as of Mar 30, 2023
Mar 22, 201330 then
Private funds: no history
RAUM -6.5% over the last fiscal year-9.8% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Dec 1, 2023; every figure names its basis
RAUM per advisor
$11BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
82,536derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$579,197derivedHNW RAUM over HNW clients
Average account
$133,402derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.3derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-6.5%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.2%derived
Compensation
otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
yesreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$45B67%
  • High-net-worth individuals$21B32%
  • Corporations and businesses$387M0.6%
Individual clients
458,668reported
HNW clients
36,545reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
495,347reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $66B managedreported
Custody of client assets
$0 for 0 clientsreported
Compensation
n/areported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Omar Aguilar Chavez · Chief Executive Officer, Director, Presidentcontrol
      since 10/2022 · owns less than 5%
    • A Stacy Niedermeier · Chief Financial Officer, Directorcontrol
      since 11/2023 · owns less than 5%
    • F William Quinn · Treasurer, Directorcontrol
      since 07/2010 · owns less than 5%
    • Alyssa Duffy · Chief Compliance Officer
      since 06/2022 · owns less than 5%
    Entity owners
    • Schwab Holdings, Inc. · 100% Owner
      direct · owns 75% or more
    • The Charles Schwab Corporation · Shareholder
      indirect · owns 75% or more of Schwab Holdings, Inc. · public reporting company
    Related persons
    Schedule D 7.A
    Advisers that list Charles Schwab Investment Advisory, Inc as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    San Francisco, Ca · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 466,516 to 495,347
      Sep 30, 2022 to Mar 30, 2023
    • Corporate clients · 110 to 134
      Sep 30, 2022 to Mar 30, 2023
    • HNW clients · 40,931 to 36,545
      Sep 30, 2022 to Mar 30, 2023
    • Individual clients · 425,475 to 458,668
      Sep 30, 2022 to Mar 30, 2023
    • Discretionary RAUM · $71B to $66B
      Sep 30, 2022 to Mar 30, 2023
    • HNW RAUM · $26B to $21B
      Sep 30, 2022 to Mar 30, 2023
    • Individual RAUM · $45B to $45B
      Sep 30, 2022 to Mar 30, 2023
    • RAUM · $71B to $66B
      Sep 30, 2022 to Mar 30, 2023
    • Wrap assets (manager) · $71B to $66B
      Sep 30, 2022 to Mar 30, 2023
    • Accounts · 378,053 to 466,516
      Dec 20, 2021 to Mar 30, 2022
    • Advisory employees · 90 to 25
      Dec 20, 2021 to Mar 30, 2022
    • BD registered reps · 70 to 0
      Dec 20, 2021 to Mar 30, 2022
    • Corporate clients · 96 to 110
      Dec 20, 2021 to Mar 30, 2022
    • HNW clients · 29,895 to 40,931
      Dec 20, 2021 to Mar 30, 2022
    • Individual clients · 348,062 to 425,475
      Dec 20, 2021 to Mar 30, 2022
    • Employees · 204 to 26
      Dec 20, 2021 to Mar 30, 2022
    • Insurance-licensed employees · 49 to 0
      Dec 20, 2021 to Mar 30, 2022
    • Financial planning clients · unset to 0
      Dec 20, 2021 to Mar 30, 2022
    • State-registered IARs · 33 to 6
      Dec 20, 2021 to Mar 30, 2022
    • Other offices · 20 to 0
      Dec 20, 2021 to Mar 30, 2022
    • Discretionary RAUM · $54B to $71B
      Dec 20, 2021 to Mar 30, 2022
    • HNW RAUM · $18B to $26B
      Dec 20, 2021 to Mar 30, 2022
    • Individual RAUM · $36B to $45B
      Dec 20, 2021 to Mar 30, 2022
    • RAUM · $54B to $71B
      Dec 20, 2021 to Mar 30, 2022
    • Wrap assets (manager) · $54B to $71B
      Dec 20, 2021 to Mar 30, 2022
    • Accounts · 504,702 to 378,053
      Aug 1, 2020 to Mar 31, 2021
    • Advisory employees · 64 to 90
      Aug 1, 2020 to Mar 31, 2021
    • BD registered reps · 0 to 70
      Aug 1, 2020 to Mar 31, 2021
    • Charity clients · 82 to 0
      Aug 1, 2020 to Mar 31, 2021
    • Corporate clients · 849 to 96
      Aug 1, 2020 to Mar 31, 2021
    • HNW clients · 65,453 to 29,895
      Aug 1, 2020 to Mar 31, 2021
    • Individual clients · 437,261 to 348,062
      Aug 1, 2020 to Mar 31, 2021
    • Pension plan clients · 1,057 to 0
      Aug 1, 2020 to Mar 31, 2021
    • Assets in custody · $335M to $0
      Aug 1, 2020 to Mar 31, 2021
    • Employees · 117 to 204
      Aug 1, 2020 to Mar 31, 2021
    • Insurance-licensed employees · 0 to 49
      Aug 1, 2020 to Mar 31, 2021
    • State-registered IARs · 56 to 33
      Aug 1, 2020 to Mar 31, 2021
    • Other offices · 13 to 20
      Aug 1, 2020 to Mar 31, 2021
    • Discretionary RAUM · $90B to $54B
      Aug 1, 2020 to Mar 31, 2021
    • HNW RAUM · $34B to $18B
      Aug 1, 2020 to Mar 31, 2021
    Signals
    28 dated events
    • Eva Aihua Xu left Charles Schwab Investment Advisory, Inc for Empirical Wealth Management (registered 2024-08-22)
      Jan 11, 2024 · Advisor changed firm · fact
    • Brendon James Wanebo (Chief Financial Officer, Director) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2023-10-31, absent 2023-12-01)
      Dec 1, 2023 · Control person left · inference
    • A Stacy Niedermeier (Chief Financial Officer, Director) appeared on Schedule A of Charles Schwab Investment Advisory, Inc
      Dec 1, 2023 · Control person joined · fact
    • Omar Aguilar Chavez (Chief Executive Officer, Director, President) appeared on Schedule A of Charles Schwab Investment Advisory, Inc
      Sep 30, 2022 · Control person joined · fact
    • A Richard Wurster (Chief Executive Officer, Director, President) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2022-07-18, absent 2022-09-30)
      Sep 30, 2022 · Control person left · inference
    • A Stacy Niedermeier (Chief Financial Officer, Director) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2022-03-30, absent 2022-07-12)
      Jul 12, 2022 · Control person left · inference
    • Frederick Michael Hogan (Chief Compliance Officer) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2022-03-30, absent 2022-07-12)
      Jul 12, 2022 · Control person left · inference
    • Brendon James Wanebo (Chief Financial Officer, Director) appeared on Schedule A of Charles Schwab Investment Advisory, Inc
      Jul 12, 2022 · Control person joined · fact
    • Charles Schwab Investment Advisory, Inc reported RAUM $70.7B, up 32% from $53.7B (2021-12-20 to 2022-03-30)
      Mar 30, 2022 · RAUM change · derived
    • Charles Schwab Investment Advisory, Inc reported 0 offices beyond its principal office, down from 20 (2021-12-20 to 2022-03-30)
      Mar 30, 2022 · Office count change · derived
    • Charles Schwab Investment Advisory, Inc reported 6 state-registered advisory representatives, down from 33 (2021-12-20 to 2022-03-30)
      Mar 30, 2022 · Advisor headcount change · derived
    • Frederick Michael Hogan (Chief Compliance Officer) appeared on Schedule A of Charles Schwab Investment Advisory, Inc
      Mar 30, 2022 · Control person joined · fact
    • Edward Michael Gillespie (Chief Compliance Officer) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2021-12-20, absent 2022-03-30)
      Mar 30, 2022 · Control person left · inference
    • Christian Jonathan De St Paer (Senior Vice President And Chief Operating Officer) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2021-12-20, absent 2022-03-30)
      Mar 30, 2022 · Control person left · inference
    • Rodney E White left Charles Schwab Investment Advisory, Inc for Morgan Stanley (registered 2026-08-19)
      Mar 10, 2022 · Advisor changed firm · fact
    • Thomas William Hagstrom left Charles Schwab Investment Advisory, Inc for Appleton Partners, Inc. (registered 2024-05-15)
      Jan 25, 2022 · Advisor changed firm · fact
    • Serif Oguz Denktas no longer registered at Charles Schwab Investment Advisory, Inc; no later IA registration on IAPD
      Jan 25, 2022 · Advisor departure · fact
    • Charles Schwab Investment Advisory, Inc reported RAUM $53.7B, down 40% from $90.0B (2020-08-01 to 2021-03-31)
      Mar 31, 2021 · RAUM change · derived
    • Charles Schwab Investment Advisory, Inc reported 20 offices beyond its principal office, up from 13 (2020-08-01 to 2021-03-31)
      Mar 31, 2021 · Office count change · derived
    • Charles Schwab Investment Advisory, Inc reported 33 state-registered advisory representatives, down from 56 (2020-08-01 to 2021-03-31)
      Mar 31, 2021 · Advisor headcount change · derived
    • Larry Bryan Olson (Chief Operations Officer) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2020-08-01, absent 2021-03-31)
      Mar 31, 2021 · Control person left · inference
    • Marie-Laure Marlene Pelage (Chief Financial Officer, Director) no longer on Schedule A of Charles Schwab Investment Advisory, Inc (listed 2020-08-01, absent 2021-03-31)
      Mar 31, 2021 · Control person left · inference
    • Christian Jonathan De St Paer (Senior Vice President And Chief Operating Officer) appeared on Schedule A of Charles Schwab Investment Advisory, Inc
      Mar 31, 2021 · Control person joined · fact
    • A Stacy Niedermeier (Chief Financial Officer, Director) appeared on Schedule A of Charles Schwab Investment Advisory, Inc
      Mar 31, 2021 · Control person joined · fact
    • Charles Schwab Investment Advisory, Inc reported RAUM $90.0B, up 27% from $70.6B (2019-12-26 to 2020-03-27)
      Mar 27, 2020 · RAUM change · derived
    • Charles Schwab Investment Advisory, Inc reported RAUM $68.8B, up 121% from $31.2B (2018-02-13 to 2018-03-30)
      Mar 30, 2018 · RAUM change · derived
    • Charles Schwab Investment Advisory, Inc reported 17 offices beyond its principal office, up from 2 (2018-02-13 to 2018-03-30)
      Mar 30, 2018 · Office count change · derived
    • Charles Schwab Investment Advisory, Inc reported 59 state-registered advisory representatives, up from 14 (2018-02-13 to 2018-03-30)
      Mar 30, 2018 · Advisor headcount change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026