Charles Schwab announced today that it has made a minority investment in the real estate planning company Wealth.com. Schwab’s investment will help Wealth.com continue scaling its capabilities to make it easier for financial firms and advisors to provide valuable estate planning services to individuals and families. The terms of the investment were undisclosed.
Wealth.com’s platform provides advisors and financial professionals to offer estate planning solutions that are modern and sophisticated—yet approachable and easy for clients to navigate. And financial advisors use Wealth.com’s platform to help clients optimize their estate plans or give clients without an estate plan the ability to immediately self-create robust legal documents (e.g., wills and revocable trusts) in all 50 U.S. states and D.C. at a fraction of the cost of an estate attorney.
As an extension of the strategic investment, the two firms are also developing opportunities to offer Schwab’s clients access to Wealth.com’s estate planning tools.
KEY QUOTES:
“We’re enhancing our wealth management offer by building out trust and estate capabilities that will help us serve our clients’ evolving needs, wherever they are on their financial journeys. Wealth.com is a leading provider of an intuitive and easy-to-use trust and estates process, powered by Artificial Intelligence.”
- Neesha Hathi, Managing Director, Head of Wealth and Advice Solutions
“Investors want to conduct more of their financial lives in one place, and advisors are increasingly looking for tools and platforms that enable them to scale their business and grow. Wealth.com is an important first step in building out a support ecosystem for our advisor clients as they respond to investors’ needs, while also providing a scalable and easy-to-use solution for our retail clients to meet more of their financial needs at Charles Schwab.”
- Rick Wurster, President and CEO of the Charles Schwab Corporation
“This is more than an investment. It’s the foundation for something much bigger. Together, we’re reimagining estate planning at scale — delivering modern tools that empower advisors, elevate client outcomes, and redefine what’s possible in wealth management.”
- com CEO Rafael Loureiro
