Skip to content

We earn referral commissions when you sign up through our links — at no extra cost to you. Read our disclosure

keel.io

Review

Schwab Intelligent Portfolios

$0 advisory fee robo from a brokerage giant

Schwab Intelligent Portfolios charges no advisory fee, making it one of the cheapest robos on paper. The trade-off is a required cash allocation (which earns modest interest) and a $5,000 minimum.

Annual fee

$0

Minimum

$5,000

Best for

Schwab customers who want a $0-fee robo

Sign up with Schwab Intelligent Portfolioscoming soon

Fees

$0

$0 advisory fee. Note: portfolios hold a meaningful cash allocation, which has an opportunity cost.

Returns report

We don't list return figures on this page. Enter a valid email and we'll send comparable estimates from published performance, net of advisory fees.

Email me the report

Use an address you check. A typo means it never arrives.

Returns in the report are comparable estimates from each advisor's published performance, shown net of advisory fees so you can compare them. They are for comparison — not a forecast, and they will not match any one account. Past performance does not guarantee future results. This is educational, not personalized advice.

Pros

  • $0 advisory fee with no commissions
  • Backed by Charles Schwab's scale and service
  • Automatic rebalancing and diversified ETF portfolios

Cons

  • $5,000 minimum is high for a small first deposit
  • Mandatory cash allocation can drag on returns in bull markets
  • No tax-loss harvesting

Schwab Intelligent Portfolios FAQ

Schwab Intelligent Portfolios charges $0. Fund expense ratios on the underlying ETFs apply on top, typically 0.05–0.20%.

Sign up with Schwab Intelligent Portfolioscoming soon

Affiliate link — we may earn a commission at no extra cost to you.

Get the robo-advisor returns report

We email comparable estimates of each advisor's published performance, net of advisory fees. Use a real inbox — a typo means the report never arrives.

Returns in the report are comparable estimates from each advisor's published performance, shown net of advisory fees so you can compare them. They are for comparison — not a forecast, and they will not match any one account. Past performance does not guarantee future results. This is educational, not personalized advice.