Schwab Wealth Advisory (SWA) unveils 'corkage' fee on third-party SMAs, typically .35%, as slew of changes add to 'elegant' master plan to convert DIY book to fees

{
  "signal_id": "c82ee04e-f263-ceb2-814a-92fd7658c5ba",
  "signal_type": "news",
  "signal_subtype": "loses_client",
  "detected_at": "2026-09-09T02:50:54+00:00",
  "company": {
    "name": "Charles Schwab",
    "domain": "schwab.com"
  },
  "data": {
    "url": "https://riabiz.com/a/2026/9/9/schwab-wealth-advisory-swa-unveils-corkage-fee-on-third-party-smas-typically-35-as-slew-of-changes-add-to-elegant-master-plan-to-convert-diy-book-to-fees",
    "title": "Schwab Wealth Advisory (SWA) unveils 'corkage' fee on third-party SMAs, typically .35%, as slew of changes add to 'elegant' master plan to convert DIY book to fees - riabiz.com",
    "excerpt": "The 2027 timing of SWA's fee restructuring coincides with Schwab 's recent decision to halt all sub-$5-million client referrals to independent custody RIAs starting in 2027. See: Charles Schwab & Co. took out full-page WSJ ad promising to 'hire thousands more financial consultants' last week; this week it said RIAs will no longer receive sub-$5-million referrals in 2027 -- an implied toll bridge collapses, says one analyst",
    "summary": "Charles Schwab & Co. will stop referring clients with under $5 million to independent custody RIAs starting in 2027.",
    "planning": true,
    "image_url": "https://riabiz.com/api/og?type=article&title=Schwab+Wealth+Advisory+%28SWA%29+unveils+%27corkage%27+fee+on+third-party+SMAs%2C+typically+.35%25%2C+as+slew+of+changes+add+to+%27elegant%27+master+plan+to+convert+DIY+book+to+fees&author=Brooke+Southall&section=RIA+Custodians&date=2026-09-09T02%3A47%3A14.060000Z&imageUuid=b44edadf-0040-432e-aff9-e0a889479ab2",
    "confidence": 0.9,
    "published_at": "2026-09-09T02:50:54Z",
    "vulnerability": "halt all sub-$5-million client referrals to independent custody RIAs",
    "effective_date": "2027-01-01",
    "article_sentence": "The 2027 timing of SWA's fee restructuring coincides with Schwab 's recent decision to halt all sub-$5-million client referrals to independent custody RIAs starting in 2027."
  }
}

curl https://signals.autobound.ai/v1/signals/c82ee04e-f263-ceb2-814a-92fd7658c5ba \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"schwab.com","limit":20}'