SCHW · News · 20260831N

Wealth Advisory Expansion

SCHWAB CHARLES CORP · 2026-08-31 · Importance 31 · Surprise 42

Charles Schwab raised the minimum referral amount for its Schwab Advisor Network to $5 million. The higher threshold changes the qualification criteria for referrals to the company’s advisor network. This could shift the network’s focus toward higher-asset clients and affect advisor distribution economics.

Key facts

• Charles Schwab Corp raised its Schwab Advisor Network referral minimum to $5M. source