Charles Schwab announced plans to launch an alternative investments platform for high-net-worth clients. The platform, created in partnership with iCapital, will provide access to a curated selection of third-party alternative investment funds, including private equity, venture capital, private real estate, private credit, and hedge funds. As reported by ThinkAdvisor, Schwab intends to offer this platform to clients with over $5 million in household assets.

According to Schwab, clients will have access to support and educational resources from a dedicated alternative investments specialist team. Schwab has long provided alternative investments to its independent advisor clients, but this new platform extends the offering directly to qualified retail clients.

ThinkAdvisor reports that this move aligns with broader trends in the investment landscape, as noted in a recent Morningstar report.

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