Schwab Announces Strategic Investment in Wealth.com to Support Estate Planning Capabilities for Investors
The Charles Schwab Corporation today announced it has made a minority investment in Wealth.com, the #1 rated estate planning platform in wealth management1 that is modernizing how financial advisors help clients of all wealth levels with their estate planning needs.
Schwab's investment will help Wealth.com continue to scale its capabilities to make it easier for financial firms and advisors to provide valuable estate planning services to individuals and families. Wealth.com's platform equips advisors and financial professionals to offer estate planning solutions that are modern and sophisticated—yet approachable and easy for clients to navigate. Financial advisors use Wealth.com's platform to help clients optimize their estate plans or give clients without an estate plan the ability to immediately self-create robust legal documents (e.g., wills and revocable trusts) in all 50 U.S. states and D.C. at a fraction of the cost of an estate attorney.
"We're enhancing our wealth management offer by building out trust and estate capabilities that will help us serve our clients' evolving needs, wherever they are on their financial journeys," said Neesha Hathi, Managing Director, Head of Wealth and Advice Solutions. "Wealth.com is a leading provider of an intuitive and easy-to-use trust and estates process, powered by Artificial Intelligence."
"Investors want to conduct more of their financial lives in one place, and advisors are increasingly looking for tools and platforms that enable them to scale their business and grow," said Rick Wurster, President and CEO of the Charles Schwab Corporation. "Wealth.com is an important first step in building out a support ecosystem for our advisor clients as they respond to investors' needs, while also providing a scalable and easy-to-use solution for our retail clients to meet more of their financial needs at Charles Schwab."
"This is more than an investment. It's the foundation for something much bigger," said Wealth.com CEO Rafael Loureiro. "Together, we're reimagining estate planning at scale — delivering modern tools that empower advisors, elevate client outcomes, and redefine what's possible in wealth management."
As an extension of this strategic investment, the two firms are also developing opportunities to offer access to Wealth.com's estate planning tools to Schwab's clients. Details and launch plans to follow.
The terms of the investment have not been disclosed.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with 36.9 million active brokerage accounts, 5.5 million workplace plan participant accounts, 2.0 million banking accounts, and $10.28 trillion in client assets as of February 28, 2025. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and its 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 primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.
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1 Source: 2024 T3/Inside Information Survey. |
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MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525