Charles Schwab to offer advisor crypto services by 2027

Charles Schwab is preparing to introduce direct cryptocurrency trading and custody services for financial advisors on its platform, with a target launch in mid-2027. This planned expansion follows the firm’s existing retail service, which began offering spot Bitcoin and Ethereum trading in May 2026.

The new advisor-focused platform is designed to include trading, transfers, and custody of digital assets within Schwab’s existing wealth management infrastructure. A key feature will be the ability for advisors to execute in-kind transfers, allowing them to move clients’ existing cryptocurrency holdings from external wallets or exchanges directly into Schwab’s custody without having to sell the assets first. Company officials stated this functionality addresses a significant operational challenge for wealth managers, whose clients often hold digital assets across multiple platforms that are difficult to integrate into traditional portfolio reporting systems.

Jalina Kerr, Managing Director of Schwab Advisor Services, confirmed the mid-2027 target during a recent media discussion but noted the timeline remains subject to change as product development continues. The firm has not yet...