Schwab Intelligent Portfolios Pulling In More Than Millennials

Millennials may be the most technology savvy generation, but they are not the only ones rapidly adopting Charles Schwab's new automated investing service, said Naureen Hassan, Executive Vice President at Charles Schwab. Hassan added that the Schwab Intelligent Portfolios have garnered over $2.2 billion in assets since the March launch in over 30,000 accounts. She said investors from ages 18 to 80 with a wide range of affluence have signed up for the service which is appropriate for investors who are comfortable with technology and seeking accessibility. Finally, Hassan said the service offers a wide range of options including 20 asset classes, 54 ETFs and 11 fund families.