Form ADV brochure · investment strategy
by Charles Schwab & Co. · via Form ADV brochure
Brochure describes the strategies only generically ('CSIM has created a number of investment strategies'). It says 'Certain investment strategies are intended for taxable accounts and others for tax-deferred accounts such as ... IRAs' and 'Certain investment strategies focus on higher yielding (i.e., interest and dividend) asset classes.' No risk-level names, no Global/US-focused/Income variant names, no count of asset classes, no SIP Premium mention. ETF selection: low OER, liquidity, primary + secondary ETF per asset class. Clients cannot trade; may request ETF exclusions.
Description from Form ADV brochure
What $10,000 would have become, from the strategy's own published history, against the S&P 500 over the same dates. The basis is labelled.
This strategy doesn’t publish a performance history we can chart.
Each rule is quoted word for word from the strategy's own documents.
“will generally range from 6% to 30%”
“daily review; sells at a loss and buys a not-substantially-similar ETF”
No published holdings for this strategy.
Compares the stated rules with the holdings (or, where none are published, a mix estimated from returns), using tests fixed before any results were seen.
No holdings on file, so nothing to test.
Strategies that share its Tax-managed label, from other sources first, strongest risk-adjusted return first.
Composer Technologies · Composer
Composer Technologies · Composer
How much of what we look for this strategy has, and why anything is missing. Fields that don't apply to it aren't counted.
8 missing
The text the rules are quoted from, with where it came from.
Diversified ETFs plus 'Cash Allocation' that 'will generally range from 6% to 30%' of account value, depending on strategy chosen by risk tolerance and time horizon; more conservative = higher cash (Schwab Bank earns more above 10%)
No annual SIP Program fee and no brokerage commissions; client pays ETF operating expense ratios; affiliates earn from Cash Allocation (Schwab Bank), Schwab ETF advisory fees (CSIM) and order-routing payments
ETFs (incl. Schwab ETFs; both market-cap and fundamentally weighted ETFs in certain asset classes) across stocks, fixed income, real estate, commodities; cash swept to Schwab Bank deposit accounts
Brochure describes the strategies only generically ('CSIM has created a number of investment strategies'). It says 'Certain investment strategies are intended for taxable accounts and others for tax-deferred accounts such as ... IRAs' and 'Certain investment strategies focus on higher yielding (i.e., interest and dividend) asset classes.' No risk-level names, no Global/US-focused/Income variant names, no count of asset classes, no SIP Premium mention. ETF selection: low OER, liquidity, primary + secondary ETF per asset class. Clients cannot trade; may request ETF exclusions.
Each strategy 'designed to be consistent with a certain combination of investment objectives and risk tolerance'; selected via online questionnaire. Number and names of risk levels not stated.
Optional for taxable accounts >= $50,000 (lower maintenance minimum); daily review; sells at a loss and buys a not-substantially-similar ETF; wash-sale avoidance across client's SIP accounts; no extra fee
Every value on file, each labelled with its calculation basis and as-of date.
| Rebalancing (methodology text) | Rebalancing Algorithms review daily; rebalance when ETF allocation deviates from recommended allocation by more than an amount in CS&Co.'s parameters; also on profile/restriction changes, deposits, withdrawals; orders reviewed by CSIM before execution |
| Minimum investment | $5,000 |
Composer Technologies · Composer
