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Charles Schwab is beefing up its robo-adviser with a tool to help customers avoid unexpected tax hits when cashing out of portfolios (SCHW)

Charles Schwab CEO Walt Bettinger, left

  • Charles Schwab is bolstering its robo-advice by launching a tool next month that helps users plan how to draw funds from their portfolios, the company said on Wednesday.
  • “For some investors, this may be their first relationship with Schwab. This may be everything they ever need from Schwab. But for many others, it’ll be the start of a relationship,” Tobin McDaniel, the firm’s senior vice president of digital advice and innovation, told Business Insider.
  • The Schwab Intelligent Income feature will be built as an option in its robo-advice offerings and will point users to smart drawdown strategies. It’s been in read more >>>

    Source:: BusinessInsider.Com