Posted by on Apr 6, 2019 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Rob Wilson


By Jason Zweig  |  April 5, 2019 11:30 a.m. ET


How you pay for financial advice can be as important as how much you pay.

On March 28, Charles Schwab Corp., the discount broker and investment-advisory firm, launched what it calls Schwab Intelligent Portfolios Premium. After an initial $300 fee, the service costs $30 per month.

For that, Schwab will manage investment portfolios with no annoying annual fee slapped on top—and will provide unlimited access to financial planners and online tools that can help clients set objectives, define risks, minimize taxes, save for college, finance a home, manage debt and so on.

Paying for financial planning by monthly subscription is a radical break from business as usual.


To read the rest of the column:


For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig, The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money


Articles and other resources:


The Key to the Best Financial Advice: ‘Humility in Large Doses’

Why You’re Paying Too Much in Fees

The Incredible Shrinking Management Fee

On Fiduciary Duty