Charles Schwab Invests in Wealth.com to Bolster Estate Planning Solutions

Charles Schwab announced a minority investment in Wealth.com, an estate planning platform. This move aims to enhance Schwab’s wealth management offerings, particularly in trust and estate services, by integrating Wealth.com’s AI-driven platform, which streamlines the creation of legal documents like wills and revocable trusts across all 50 U.S. states and D.C. at a lower cost than traditional estate attorneys.

The investment will support Wealth.com in scaling its capabilities, making it easier for financial firms and advisors to deliver estate planning solutions. Schwab and Wealth.com are also collaborating to provide Schwab’s clients access to these tools, though specific details and timelines for this rollout remain undisclosed. The terms of the investment have not been disclosed.

Schwab, managing $10.28 trillion in client assets as of February 28, 2025, sees this partnership as a step toward meeting investors’ demand for consolidated financial services and enabling advisors to scale their businesses. Wealth.com’s CEO, Rafael Loureiro, emphasized the partnership’s potential to redefine estate planning by empowering advisors and improving client outcomes.