Advisor managed accounts

Differentiate your practice and deliver more value to your clients.
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Schwab Retirement Plan Services is always evolving our offerings to give you and your clients the flexibility you need. That may be why consultants consistently choose to work with us. We know you bring value to your clients, and we support advisor managed accounts (AMA)1 to help your business stand out from the crowd.


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What makes us different from others in the industry?

Schwab Retirement Plan Services introduced the concept of AMA in 2015, and we're proud to have been the first recordkeeper to collaborate with Morningstar Investment Management LLC in this arena. With our robust participant experience, plus fiduciary support from Morningstar Investment Management, you'll find it easier than ever to put your clients' needs first. We also boast a proud track record of service and innovation, and have the accolades to show for it.

Charles Schwab & Co., Inc. is a leading custodian of independent advisors.2


Features for advisors like you

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Non-core fund offerings

You can incorporate funds different from the plan's core lineup, including mutual funds and collective investment trusts.

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Simple and efficient AMA strategy

You can implement a single AMA strategy across multiple recordkeepers, and your clients' retirement plans remain portable.

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Multiple ways to set up AMA

Managed accounts can be offered as an opt-in service; as the plan's qualified default investment alternative (QDIA), including full or partial plan reset; or as a dynamic QDIA.

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Proven managed account adoption

15% of our clients use managed accounts as a QDIA,3 and 2 out of 3 participants adopt managed accounts after a 1:1 consultation.4

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Easy and organized onboarding

Our onboarding process is thorough and organized, and we communicate with you during each step to ensure you have everything you need along the way.


Features for participants

  • High levels of personalization

    Our data transmissions track about 12 participant data points, also looking at employer contribution formulas and underlying investments in a self-directed brokerage account.

  • Flexible participant account options

    Participants can adopt or opt out of the managed account at any time and can maintain company stock and investments in a self-directed brokerage account alongside the managed account.

  • Comprehensive participant support

    In addition to the robust online experience, participants can call Advice Consultants1 for 1:1 support.


Fiduciary roles and support

  • Your firm

    • Creates the investment portfolios
    • Serves as a 3(38) fiduciary and investment manager under ERISA for portfolio construction
  • Morningstar Investment Management

    • Assigns participants to a portfolio
    • Serves as a 3(38) fiduciary and investment manager under ERISA for portfolio assignment

Talk with us about your specific needs.