Altruist vs Schwab Advisor Services
An independent advisory firm comparing Altruist with Schwab Advisor Services is deciding who holds the client accounts, and whether the day-to-day portfolio software comes from the same company. Altruist holds the accounts and runs that software. Schwab Advisor Services holds the accounts. The usual setup is custody at Schwab plus portfolio software from someone else. Schwab also offers iRebal, its own rebalancing program, inside Schwab Advisor Center. This site has not scored Schwab Advisor Services.
Altruist
82 / 100
Best for
A firm that wants the accounts and the day-to-day software from one company.
Watch-out
Vanguard's purchase had not closed as of September 24, 2026, so prices and the product plan can still change.
Schwab Advisor Services
Not reviewed here
Best for
A firm that wants the accounts held at Schwab and will keep portfolio software from another company. iRebal, Schwab's rebalancing program, sits in Schwab Advisor Center.
Bottom line
Choose Altruist when the firm wants both the accounts and the day-to-day software from one company. Choose Schwab Advisor Services when the firm wants the accounts held at Schwab and will use portfolio software from someone else. This site has not scored Schwab Advisor Services.