Schwab Asset Management Solutions (SAMS) Technology is part of the Schwab Technology Services (STS) organization which is responsible for the company's use of information technology including all telecommunications, operations and client and business applications.
PROMT (Portfolio Research, Optimization, Management and Trading) Technology is the front-office team that is aligned to support the technology needs of Schwab Asset Management (SAMS) which is the investment advisor for Schwab's proprietary mutual funds, referred to as the Schwab Funds; and it includes Schwab's exchange-traded funds, referred to as the Schwab ETFs™. With over $500bn in assets under management, SAMS is the 3rd largest provider of index funds, 5th largest of ETFs and the 7th largest of money market funds.
This team is essentially the front-office for SAMS that continues to harness the state-of-the-art technologies for differentiating Schwab portfolio research and asset management. The team has won several industry awards such as the "Best IT Team" and the "Asset Manager Digital Tool of the Year".
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