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Press release from Business Wire

Schwab Performance Technologies Launches PortfolioCenter Hosted™ for Independent Registered Investment Advisors

Monday, May 06, 2013

Schwab Performance Technologies Launches PortfolioCenter Hosted™ for Independent Registered Investment Advisors

11:30 EDT Monday, May 06, 2013

SAN FRANCISCO (Business Wire) -- Schwab Performance Technologies (SPT) recently announced the launch of PortfolioCenter Hosted, a new solution for independent registered investment advisors (RIAs), giving them more choice and flexibility in portfolio management technology. PortfolioCenter Hosted has the full functionality of SPT's flagship portfolio management software PortfolioCenter, but with the added benefit of outsourcing the technology infrastructure and management to Schwab Performance Technologies.

“PortfolioCenter Hosted allows advisors access to data online anytime, anywhere, in a protected, secure environment. It is an ideal fit for advisors who want to keep control of their data, but want to spend less time managing technology infrastructure,” said Brian Shenson, vice president of Advisor Technology Solutions for Schwab Advisor Services.

PortfolioCenter Hosted allows advisors to reduce and outsource the technology inherent in a local desktop solution, such as physical infrastructure (servers, back up equipment, hardware, secure premises), software administration (updates, upgrades, IT consulting/support services), as well as having staff focused on managing technology.

This hosted version of PortfolioCenter will be priced for as low as $1,200 per quarter and will have no transition costs for advisors who custody assets with Schwab Advisor Services.

SPT Introduces Enhancements to Integrated Office

In addition to the rollout of PortfolioCenter Hosted, SPT is also continuing to make enhancements to the fully outsourced solution Schwab OpenView Integrated Office™ (Integrated Office), including an advisor branded end-client portal to view financial information (top holdings and asset allocation) and retrieve performance reports at quarter end. This new end-client portal will enhance the value of Integrated Office by providing a tool that can help advisors extend their brand and serve their clients online.

Last fall, SPT also selected NetDocuments to add cloud-based document management to Integrated Office. NetDocuments brought advisors the means to easily save, retrieve, and edit client files from within their CRM. This capability allows for quick search and retrieval of key documents while on the road and helps advisors run a paperless office.

About Schwab Performance Technologies

Founded in 1985, Schwab Performance Technologies® (SPT) is a subsidiary of The Charles Schwab Corporation and a leading provider of portfolio management and accounting solutions to approximately 3,800 independent financial advisors and investment managers. PortfolioCenter®, PortfolioServices, and Schwab OpenView Integrated Office™ are products of SPT. An open architecture firm, SPT provides services to all independent advisors regardless of custodial relationships. SPT also supports third-party outsourcing providers that use PortfolioCenter as the basis for their offering. More information is available at Charles Schwab & Co., Inc. and Schwab Performance Technologies (“SPT”) are affiliated as separate subsidiaries of The Charles Schwab Corporation, but their respective products and services are independent of each other.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.9 million active brokerage accounts, 1.6 million corporate retirement plan participants, 888,000 banking accounts, and $2.08 trillion in client assets as of March 31, 2013. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC,, and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at and

Follow us on Twitter: @Schwab4RIAs
Read our corporate blog: SchwabTalk

Third party firms and representatives are not affiliated with or an employee of the Charles Schwab Corporation. Their mention is not, and should not be construed as a recommendation, endorsement or sponsorship by the Charles Schwab Corporation. (0413-3101)

Charles Schwab
Anita Fox, 415-667-1308
The Neibart Group
Elizabeth Shapiro, 718-875-7606

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