Schwab Performance Technologies, the portfolio management software subsidiary of the Charles Schwab Company, announced a new version of its PortfolioCenter designed for RIA firms with 50 or fewer clients, called PortfolioCenter Emerging Practice, with a smaller pricetag than the full-blown software. As the firms grow, Schwab expects them to migrate to the full-featured version of PortfolioCenter. While PortfolioCenter’s regular cost is $10,000 upfront and has an annual maintenance charge of $2,000, the Emerging Practice offering costs $3,000 annually. Special pricing is available, the company said, for advisors who custody client assets at Schwab Institutional.
Don’t forget you can visit MyAlerts to manage your alerts at any time.