StreetSmart Edge narrows that gap significantly, and will most likely totally eliminate the gaps over time. TD Ameritrade has long held a competitive edge in this market niche with their thinkpipes platform. StreetSmart Edge is a real-time quotes-and-trading platform that fills what was previously one of the few gaps in Schwab’s otherwise robust product and service offering for independent financial advisors.
This year’s Schwab IMPACT conference was a bit light on major Schwab technology announcements, but there was one very interesting new offering from Schwab that has been largely overlooked by other coverage of the event: the release of Schwab Advisor StreetSmart Edge.