Schwab Raises Fees for Top Clients | Durham News

Starting January 1, 2027, Charles Schwab is raising advisory fees for its top-tier clients—those with $5M to $10M in assets will pay 0.55% (up from 0.50%), and those with $10M to $25M will pay 0.45% (up from 0.30%). The firm is also bumping the referral threshold for sending clients to outside advisors from $2M to $5M, keeping more high-net-worth investors in-house. Smaller accounts under $5M won’t see changes, and Schwab is eliminating quarterly minimums while introducing new product fees for clients using external asset managers. Experts say this move protects Schwab’s most valuable relationships without affecting mass-affluent clients—and signals a strategic push to bring advisory business back in-house, even as it risks alienating wealthy clients who have plenty of alternatives.

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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.heraldsun.com/news/business/article317237663.html#storylink=partnerdigest_the

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