{
  "crd_number": 106753,
  "slug": "charles-schwab-investment-management-inc-san-francisco-ca-106753",
  "primary_business_name": "CHARLES SCHWAB INVESTMENT MANAGEMENT, INC",
  "legal_name": "CHARLES SCHWAB INVESTMENT MANAGEMENT, INC",
  "dbas": [
    "SCHWAB ASSET MANAGEMENT"
  ],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1990-01-25",
  "years_registered": 36,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 1721025914896.0,
  "raum_discretionary": 1697040740565.0,
  "raum_non_discretionary": 23985174331.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 946,
  "advisory_employees": 175,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 757529406.0,
      "count": 264
    },
    "individuals": {
      "raum": 108472648739.0,
      "count": 697928
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 239163028.0,
      "count": 10
    },
    "insurance_companies": {
      "raum": 420281815.0,
      "count": 10
    },
    "investment_companies": {
      "raum": 1473807453082.0,
      "count": 109
    },
    "pension_profit_sharing": {
      "raum": 1695676780.0,
      "count": 1805
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 106928612606.0,
      "count": 154404
    },
    "pooled_investment_vehicles": {
      "raum": 24657994202.0,
      "count": 166
    },
    "corporations_other_businesses": {
      "raum": 4046555238.0,
      "count": 1901
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://linkdin.com/company/thomas-partners-inc",
    "https://linkedin.com/company/windhaven-investment-management",
    "https://schwab.com",
    "https://schwab.com/thomaspartners",
    "https://schwab.com/windhaven",
    "https://schwabassetmanagement.com",
    "https://schwabfunds.com",
    "https://schwabtrustbankcollectives.com",
    "https://thomaspartnersim.com",
    "https://thomaspartnersinc.com",
    "https://thomaspartnersincome.com",
    "https://thomaspartnersinvestmentmanagement.com",
    "https://windhaveninvestments.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106753",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/charles-schwab-investment-management-inc-san-francisco-ca-106753",
  "display_name": "Charles Schwab Investment Management, Inc",
  "summary": "Charles Schwab Investment Management, Inc is an SEC-registered investment advisory firm in San Francisco, CA, registered since 1990, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Charles Schwab Investment Management, Inc (CRD 106753): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Charles Schwab Investment Management, Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Charles Schwab Investment Management, Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other."
    },
    {
      "q": "Where is Charles Schwab Investment Management, Inc located?",
      "a": "Charles Schwab Investment Management, Inc's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 13 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Charles Schwab Investment Management, Inc registered with the SEC or a state?",
      "a": "Charles Schwab Investment Management, Inc is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 106753."
    },
    {
      "q": "How much does Charles Schwab Investment Management, Inc manage?",
      "a": "Charles Schwab Investment Management, Inc reports $1,721,025,914,896 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (99% discretionary)."
    },
    {
      "q": "How have Charles Schwab Investment Management, Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Charles Schwab Investment Management, Inc: Regulatory assets under management: $609,947,976,569 in the October 2021 data and $1,721,025,914,896 in the October 2026 data, up 182%. Total employees: 782 in October 2021 and 946 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Charles Schwab Investment Management, Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (697,928); high net worth individuals (154,404); corporations or other businesses not listed above (1,901)."
    },
    {
      "q": "Which custodians does Charles Schwab Investment Management, Inc use?",
      "a": "Charles Schwab Investment Management, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Charles Schwab Investment Management, Inc report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106753"
    },
    {
      "q": "What changed in Charles Schwab Investment Management, Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 173 to 175. Regulatory assets under management went from $1,436,974,514,828 to $1,721,025,914,896 (+20%). Changed its office addresses in Jersey City, NJ. Added an office in Lone Tree, CO. Added an office in New York, NY. No longer lists an office in Cleveland, OH. No longer lists an office in Omaha, NE."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 609947976569.0,
      "total_employees": 782,
      "filing_date": "2021-09-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 700818097648.0,
      "total_employees": 886,
      "filing_date": "2022-09-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 782620910160.0,
      "total_employees": 1007,
      "filing_date": "2023-05-17"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1098805397188.0,
      "total_employees": 857,
      "filing_date": "2024-09-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1436974514828.0,
      "total_employees": 877,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1721025914896.0,
      "total_employees": 946,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 173 to 175.",
        "Regulatory assets under management went from $1,436,974,514,828 to $1,721,025,914,896 (+20%).",
        "Changed its office addresses in Jersey City, NJ.",
        "Added an office in Lone Tree, CO.",
        "Added an office in New York, NY.",
        "No longer lists an office in Cleveland, OH.",
        "No longer lists an office in Omaha, NE."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer lists an office in Lone Tree, CO."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": true
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/charles-schwab-investment-management-inc-san-francisco-ca-106753.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 697928,
      "fewer_than_5": false,
      "raum": 108472648739.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 154404,
      "fewer_than_5": false,
      "raum": 106928612606.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 109,
      "fewer_than_5": false,
      "raum": 1473807453082.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 166,
      "fewer_than_5": false,
      "raum": 24657994202.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1805,
      "fewer_than_5": false,
      "raum": 1695676780.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 264,
      "fewer_than_5": false,
      "raum": 757529406.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 239163028.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 10,
      "fewer_than_5": false,
      "raum": 420281815.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1901,
      "fewer_than_5": false,
      "raum": 4046555238.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106753",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}