Schwab Advisor Services™ Unveils Plans to Expand Digital Account Open Feature

  • Industry’s leading custodian deepens integration with Orion Advisor Services
  • Schwab’s advisor tech team competes in Ascent/FUSE 2018 marathon coding event
Thursday, September 6, 2018 1:00 pm PDT



Public Company Information:

"Technology is the most powerful lever firms have to build scale and enhance service"

MIAMI BEACH, Fla.--(BUSINESS WIRE)--Today at the Orion Ascent conference, Schwab Advisor Services previewed its Digital Account Open tool, which will be in pilot for independent advisors later this year. In tandem with the Digital Account Open rollout, Schwab is expanding its integration with Orion Advisor Services, a key portfolio management and reporting provider available through Schwab OpenView Gateway®.

“Technology is the most powerful lever firms have to build scale and enhance service,” said Andrew Salesky, senior vice president and head of digital advisor solutions, Charles Schwab. “The roll out of Digital Account Open and the deeper integration with Orion is the latest example of our ongoing efforts to digitize the Schwab custody platform so that it is a secure, efficient, and simple user experience for advisors and their clients.”

Schwab’s Digital Account Open tool was previewed today during the Ascent/FUSE 2018’s “Tech’s Got Talent” marathon coding competition, in which Schwab is one of ten participants. The tool – already incorporated in the Schwab Institutional Intelligent Portfolios™ platform – replaces paper forms with digital experiences for account opening and ancillary transactions, which creates efficiencies for advisors and their end clients. The expanded integration with Orion will give advisors the ability to open new accounts in minutes by seamlessly importing client information from Orion into Schwab Advisor Center. Meanwhile, clients will be able to review, edit, and approve account applications submitted by their advisors quickly and easily, which will make their accounts ready for funding sometimes in just seconds.

As the independent advisor industry and investor needs evolve, more firms understand that integration and digitization are important for serving clients. According to a recent survey of approximately 2,000 attendees at Schwab Advisor Services’ annual SOLUTIONS® events, nearly two-thirds (63%) of advisors say integrated technology solutions are very important and that any solution their firm chooses must integrate with other core solutions. Additionally, more than three-quarters (76%) of advisors report an increase in efficiency after implementing standardized workflows in business activities.

“We have heard from our advisor clients that they want to combine the best of Schwab with their chosen third-party solution to meet their changing and individual business needs,” said Salesky. “As we continue to listen and respond to advisors, we look forward to expanding third-party integrations by going both broad and deep with the industry’s premier technology providers.”

Schwab OpenView Gateway is a flexible, open-architecture platform that integrates Charles Schwab custody and portfolio management systems with select technology providers that support independent advisors. Providers span client relationship management (CRM) systems, portfolio management and reporting, trading and rebalancing, financial planning and client portals. More broadly, Schwab Advisor Services has 50 third-party integrations into its platform from more than 40 participating technology providers. For more information, visit

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.

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Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) 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 deposit and lending products. More information is available at and

Third-party firms and their employees are not affiliated with or an employee of Schwab.

©2018 Charles Schwab & Co., Inc. (“Schwab”) All rights reserved. Member SIPC.

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Schwab. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

For informational purposes only.



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