Schwab Announces Claude Access for 16,000 RIAs, but 20-Seat Threshold Leaves 11,000 Small Advisors Out
Charles Schwab said it will provide Claude access to all 16,000 RIAs under its umbrella through a partnership with Anthropic. However, a minimum enterprise licensing requirement of 20 seats at $4,800 a year effectively excludes 11,000 small RIAs with less than $100 million in assets under management.