Pave Finance says it has integrated with broker Charles Schwab. Pave explains that the move enables registered investment advisors (RIAs) to link their Schwab client accounts directly to Pave for automated portfolio management and trading.
Pave notes that the wealth management sector is expected to double in size over the next tend years and independent RIAs are garnering more market share. Pave, combined with Schwab, helps independent RIAs to manage their clients better. Schwab will now streamline interactions with over 15,000 RIAs who manage $4.2 trillion in assets.
Pave claims that its Asset Intelligence Layer and optimization engine has outperformed the S&P 500 by an average of 2.85% annually.
Pave shares that since the integration, 16 firms with a combined $16 billion in assets across more than 60,000 accounts have already adopted the Pave platform.
