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USAA Transition to Schwab Goes LiveUSAA Transition to Schwab Goes Live

USAA members accessing investment products and services are being directed to Schwab.

Samuel Steinberger, Senior Technology Editor

May 26, 2020

1 Min Read
Charles Schwab
Smith Collection/Gado/Archive Photos/Getty Images

The end of Memorial Day weekend means changes for certain USAA members.

USAA brokerage and USAA Managed Portfolios transitioned to Charles Schwab on Tuesday, May 26, as part of the $1.8 billion deal announced last July. For USAA members with USAA Managed Portfolio accounts, “participating in the transition to Schwab is the only way to maintain access to the program at Schwab,” according to materials shared by USAA.

“We chose Schwab because they serve their clients like USAA serves its members—they approach every decision ‘through clients' eyes,’” according to a USAA note to its members. “Existing Wealth Management benefits remain the same today and members will continue to have a dedicated relationship with experienced professionals to meet their financial needs.”

Schwab posted a note acknowledging the USAA members using its site, as well as a link to a “transition hub” to access new user credentials.

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About the Author

Samuel Steinberger

Senior Technology Editor, WealthManagement.com

Samuel Steinberger is Senior Technology Editor for Informa Connect’s WealthManagement.com. In his role, Mr. Steinberger provides the publication’s wealth and financial technology coverage. 

Mr. Steinberger’s editorial insight and familiarity with technology accelerates Informa’s growth within the financial advisor and wealth management communities, providing in-depth news for advisors and financial professionals. 

Before joining Informa Connect, Mr. Steinberger produced documentaries with former CNN anchor Soledad O’Brien at Soledad O’Brien Productions (formerly Starfish Media Group). He specialized in research, shooting and editing, as well as finding distinct voices to explain topics like mental health, poverty and racial divide. 

Prior to joining Soledad O’Brien Productions, Mr. Steinberger managed multi-departmental technology projects for global legal technology leader Transperfect Legal Solutions. After obtaining his graduate degree in journalism from Columbia University, he completed his transition from technology management to media. 

Mr. Steinberger is an award-winning journalist, author and researcher who has written, edited and reported for a number of publications, including The New York Times, Financial PlanningAmerican Banker and PBS. He is founder of beverages publication Give Me Weird Drinks

Mr. Steinberger’s technology analysis and insight has been featured in several books on virtual and augmented reality. Mr. Steinberger has received awards and recognition for his reporting and research, including the American Business Media's prestigious Jesse H. Neal Award for editorial excellence.

Follow on Twitter: @slsteinberger