Schwab scraps its premium Robo Advisor platform
Another bites the dust. Schwab will close its premium service that combines digital advice and human advisors, Schwab Intelligent Portfolios Premium, early next year. The discount brokerage will continue to offer its flagship, online-only service, Intelligent Portfolios, which has a $5,000 minimum and does not charge a fee. It’s the latest example of traditional banking…