For you who are not very familiar with this particular service, to sum it briefly, Charles Schwab offers a service where they act as your personal guidance in investing. In addition, Charles Schwab Intelligent Portfolios also provides an automatic management of investing. These features are pretty much recommended for all beginner investors.
In fact, the best part of this service is just like how many reviews claim that the management fee of the Charles Schwab Intelligent Portfolios only costs you zero dollars. Furthermore, the requirement for a financial advisor only requires you to have the minimum account balance of five thousand dollars. If you are interested in using the service of a certified financial advisor, then a total of twenty-five thousand dollars is all that you need to spend.
Of course, the zero dollars cost for the management fee of Charles Schwab Intelligent Portfolios doesn’t come freely. In other words, to make up for that fee, there is something else that you need to follow and abide closely. Well, there is no such thing as freebies, right? That being said, in exchange for that, investors have to be pleasant and accepting towards the proposed portfolios which may have a relatively high allocation.
Charles Schwab: Good for Who and How
The previous paragraphs above have explained a little bit information regarding Charles Schwab Intelligent Portfolios. Now, to give you a better picture or a clearer idea of this service, the following sections will discuss more about whom this service is suitable for and in what way it can be expected to be helpful. A better future is the general idea of investment, but actually planning for the future includes more than what it seems.
For example is retirement. Of course, you cannot deny that retirement must be in everyone’s future. Moreover, it will come when you are deemed to be no longer able to do whatever you are doing right now. That means retirement is the future you cannot avoid. After you understand this idea, one of the plans to face retirement is by investing. Thus, this Charles Schwab Intelligent Portfolios is expected to help everyone to plan a better financial condition after they retire.
The second example for a future is family. Don’t be too hasty to straightly think that you only need to fill one premier need of your family—food—to keep alive. It is because your family will need more than that. They need a shelter to live; hence this Charles Schwab Intelligent Portfolios is designed to give you a solution.
More than their premier needs, they will also need the secondary to tertiary needs. Yes, education is a very important if not an essential thing in our life. Moreover, with the globalization era that you experience, education arises from acting as a secondary need to a premier one. This obviously says a lot about education. With regard to that, Charles Schwab Intelligent Portfolios is providing a service where they could help you with all these planning.