Schwab says AI adoption among advisory firms shifting from experiments to daily work, expects acceleration by next year's conference

Charles Schwab reports AI adoption among 16,000-plus advisory firms is shifting from testing to daily use, with the pace expected to accelerate by next year's IMPACT conference. The firm is offering a $4,800 credit to firms signing up for Anthropic's Claude AI assistant, though usage fees are billed separately. Approximately 11,000 of the nearly 17,000 RIAs holding client assets at Schwab manage under $100 million and typically have fewer than 20 advisors, potentially facing monthly costs of $75 to over $300 per advisor.