Escrow Account Selection is an independent portfolio managed on behalf of the client。Schwab will assist with stock selection and offer fixed income investments and balanced strategies across multiple asset classes。

In fact, it is a personalized wealth management service that is purportedly tailored to meet the goals of investors and is supported by rigorous investment principles, in-depth research and insights from leading industry experts.。

Managed Account Select focuses on investment opportunities in the U.S. market, which currently accounts for the majority of global stock market capitalization。

How to qualify for this account？

In order to qualify for an account, an investor is required to deposit at least $100,000 or its equivalent to obtain an escrow stock account。However, to access a fixed income or balanced account, they need to invest $250,000 or more。

The administrative expenses of the stock account are 1 per year..00%, the fees for fixed income and balanced strategy funds are 0.65% and 0.95%。

Managed account options are not limited to Schwab products

If you invest in more than a single stock, in addition to your own funds, Schwab offers 10 external managers to choose from.。External managers are reviewed by the Division's analysts, using qualitative and quantitative screening to inform their selection。

For UK clients who want a higher level of personal service, Schwab also offers wealth advisory services to match clients with dedicated advisors.。However, to qualify for this service, you will need to invest $1 million or more for an annual fee of 0.80%。

UK wealth management industry continues to grow

The UK wealth management market has £950bn of assets under management and another £272bn is managed with the help of financial advisers, according to PIMFA, an association for personal investment management and financial advice.。1.£20 trillion is big enough to attract Charles Schwab to the other side of the Atlantic。

Richard Flynn, managing director of Schwab UK, said: "The economic climate means that investment advice is currently valuable to investors.。The turmoil in the U.S. market so far in 2023 means that the biggest decliners in 2022 have outperformed the broader market in the past few months.。In this case, it is important for investors to understand what they are buying, as it relates to growth, value and quality。"

"Our new financial advisory solution for UK investors will give clients access to a broad range of professionally managed dollar portfolios."。Schwab's management account selection provides clients with a variety of targeted investment strategies, while Wealth Advisory provides personalized wealth management services tailored to investors' objectives.。"

However, whether it comes from traditional managers, robo-advisors or direct-to-consumer (D2C) platforms, the UK's wealth management business is already mature and domestic competition for clients and assets is already fierce.。

Perhaps Schwab's main selling point is its knowledge and experience of the U.S. market, and autonomous investors may find lower-cost ETFs that offer similar asset allocation strategies.。If you have cash and want advice on investing in the US from the UK, it may be for you。