Schwab Performance Technologies Announces Development of Hosted Version of PortfolioCenter

Monday, June 18, 2012 6:00 am PDT



Public Company Information:

"Business development for these firms is a top priority, so we built supporting workflows into the platform so advisors can get the benefits without having to manually key in multiple workflows."

SAN FRANCISCO--(BUSINESS WIRE)--Schwab Performance Technologies® (SPT), a subsidiary of The Charles Schwab Corporation and a leading provider of technology solutions for independent investment advisors, announced today that the company is building a hosted version of its flagship portfolio management software for independent investment advisors. PortfolioCenter® Hosted is being developed in response to advisors’ growing interest in cloud-based technology and to address the common challenges that many advisors face when maintaining software in their firm.

“Advisors want to run their businesses, not their servers,” said Brian Shenson, vice president of advisor technology solutions for Charles Schwab. “From our work with the 3,800 firms that use SPT’s products, we see many advisors looking to decrease time spent on technology infrastructure tasks like software updates and database backups, but who still want to control their own data and customize their client experience. PortfolioCenter Hosted will also help meet the increasing need for anytime, anywhere access to portfolio management data.”

SPT is also continuing to make enhancements to the desktop software version of PortfolioCenter, including an upcoming release that will focus on improved ease of use for back-office staff and enhanced billing statements for client presentations.

Schwab Performance Technologies to Expand its Role in Schwab Intelligent Integration

As part of the Schwab Intelligent Integration™ initiative, SPT also announces today that the company will integrate its portfolio management systems, including outsourced performance reporting solution, PortfolioServices and the forthcoming PortfolioCenter Hosted, with Schwab OpenView Gateway™ (Gateway). Gateway is the modular platform that facilitates data integration between Schwab Advisor Services™ and third-party technology providers. SPT’s involvement will allow Gateway participants to integrate multi-custodial data and portfolio performance within the client relationship management (CRM) system, allowing advisors to have a more robust view of their clients’ total financial picture.

SPT is also rolling out enhancements to its turnkey Schwab OpenView Integrated Office™ (Integrated Office) product, including the addition of embedded workflows from the Schwab OpenView Workflow Library™ for client prospecting and onboarding activities. The addition of these workflows will provide significant benefits and time savings for advisors, helping them automate tasks and centralize business development information. There will be additional updates made to Integrated Office later in the year, including document management support and an end-client portal.

“We are getting a lot of interest in Integrated Office among advisors who are just starting out as independent firms,” said Shenson. “Business development for these firms is a top priority, so we built supporting workflows into the platform so advisors can get the benefits without having to manually key in multiple workflows.”

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

About Schwab Intelligent Integration

Schwab Intelligent Integration™ is a multi-year initiative designed to increase integration between disparate systems and workflows in advisors’ offices. Schwab OpenView Integrated Office™ is a product of Schwab Performance Technologies® and includes integration with Salesforce CRM. Schwab OpenView Gateway™ and the Schwab OpenView Workflow Library™ are products of Schwab Intelligent Technologies™. Participating providers in Schwab OpenView Gateway are Junxure®, Microsoft, Salentica,®, and Tamarac. More information about Schwab Intelligent Integration is available at

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 815,000 banking accounts, and $1.76 trillion in client assets as of May 31, 2012. 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; 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 mortgage services and products. More information is available at and (0612-4102)

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Schwab Advisor Services serves independent investment advisory firms and includes the custody, trading and support services of Charles Schwab & Co., Inc., a registered broker-dealer and member SIPC. Independent investment advisors are not owned by, affiliated with or supervised by Charles Schwab & Co., Inc.

Schwab Intelligent Technologies (SIT), Schwab Performance Technologies (SPT) and CS&Co are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other. SIT and SPT’s intelligent integration solutions integrate data about accounts custodied at CS&Co.

Participating providers in the Schwab OpenView Gateway are independent companies that are not affiliated with SIT or any of its affiliates. They develop interfaces needed for integration of their applications and tools, which are then subject to validation and pilot before becoming generally available to advisors. Their participation in Schwab OpenView Gateway is not a recommendation or endorsement of, or referral to, the participant by SIT or any of its affiliates. Neither SIT nor any of its affiliates makes any representation or warranty about information furnished by any participating provider. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by them.


Charles Schwab
Lindsay Tiles, 415-667-0479

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