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Updated September 18, 2026. Quick answer: $500,000 for Schwab Wealth Advisory (SWA). Charles Schwab’s own Form ADV Part 2A brochure states this figure directly, though the firm reserves some discretion to adjust it. At that minimum, Charles Schwab’s own published fee schedule works out to $4,000 a year.
The minimum, in the firm’s own words
“The initial enrollment minimum for the SWA Program is $500,000.”
On waivability: “CS&Co. may reduce or waive this minimum in certain situations, including through individual negotiations or other business considerations.”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| Schwab Wealth Advisory (SWA) | $500,000 | $4,000 | Partially, at the firm’s discretion |
| Source: Charles Schwab & Co., Inc. Disclosure Brochure for the Schwab Wealth Advisory Wrap Fee Program, June 30, 2026 (Standard SWA Fee Schedule effective October 1, 2024) | |||
$500,000 is exactly SWA’s own enrollment minimum, where the marginal schedule and the $4,000-a-year quarterly-minimum floor land on the same figure by design.
Charles Schwab’s own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $4,000 |
| $500,000 | $4,000 |
| $1,000,000 | $8,000 |
| $2,000,000 | $15,500 |
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, Charles Schwab’s own published fee schedule runs $4,000 a year; see the full dollar breakdown from Charles Schwab’s own fee disclosure across several account sizes.
Already a client and thinking about the minimum a different way, like whether you could get a better deal elsewhere? See what it costs to leave Charles Schwab, or read the general mechanics of switching financial advisors.
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- Charles Schwab & Co., Inc. Disclosure Brochure for the Schwab Wealth Advisory Wrap Fee Program (June 30, 2026 (Standard SWA Fee Schedule effective October 1, 2024)): https://www.schwab.com/transparency
- SEC Investment Adviser Public Disclosure, Charles Schwab & Co., Inc. (CRD #5393): https://adviserinfo.sec.gov/firm/summary/5393
- Charles Schwab & Co., Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/5393/PDF/5393.pdf
Methodology. This page was built September 18, 2026, quoting directly from Charles Schwab’s own current Form ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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