Schwab named first custodian in Anthropic's Advisor Product
The release describes the connector in detail and quotes both companies, and leaves out when anyone can turn it on.
On September 14, 2026, Charles Schwab said it will carry Anthropic's new product for financial advisers' desks. The release (Charles Schwab and Anthropic to Bring Claude to Independent Registered Investment Advisors) went out from Westlake, Texas and Huntington Beach, California.
No start date named yet. The release is specific, though, about how far into a firm's systems the model reaches.
- Announced
- 09/14/2026
- Product
- Claude for Financial Advisors, Anthropic's new offering
- Audience
- The 16,000-plus independent RIAs Schwab serves
- Access
- Schwab Advisor Center from Claude through an authenticated connection
What the connection opens
Schwab Advisor Services is "the first RIA custodian included in Anthropic's new Claude for Financial Advisors". An RIA that turns it on reaches Schwab's advisor site from inside Claude, and the release is plain about where the model is meant to work.
Advisors can get more value from the tools they already use — from financial planning and CRM to portfolio accounting and custody — with audit logs for admins to review.
Its list of jobs is the work that eats an adviser's morning: "meeting preparation, financial plan updates, analytics, and drafting client follow-up for advisor review". So a person still signs the note that goes to the client.
Who says what
Peter Nolan, head of asset and wealth management at Anthropic, pitched it as a question of reach.
Our goal is to bring the benefits of AI to as many families as possible, and a direct path runs through the advisors they already trust
Jon Beatty, head of Schwab Advisor Services, made the case for integration, saying AI helps advisers stand apart "even more so if it is integrated with the proprietary workflows and tech stacks advisors have already built". Alison Dooher (head of AI for Schwab Advisor Services) said it "takes on more of the work that pulls advisors away from their clients".
The part that isn't in it
There's no price either. Schwab points advisers to its IMPACT 2026 conference, "where RIAs will have a chance to learn more about how to get started and use these capabilities in their firms".
It also says nothing about which client data crosses into Claude, beyond naming the connection as authenticated and the logs as reviewable by admins. Firms that answer to a regulator for client records will need that detail before they switch it on.
More on Anthropic
- Claude can now read your bank and card accounts through Plaid, but it can't move moneyNovember 5, 2026
- METR estimates Anthropic's model progress has roughly doubled in pace, mostly from using its own AINovember 5, 2026
- Anthropic's FlashProve lets anyone check which AI model wrote a reply, without seeing its weightsNovember 4, 2026
- Anthropic and AISI say Mythos 5 ignored signs its GitHub attack hit real peopleOctober 23, 2026