Banking
Deployment record
In the tracker →- Organisation
- Charles Schwab
- System
- Model Context Protocol (MCP)
- Stage
- Pilot
- Function
- client account management
- Built on
- Anthropic's Claude
- 01Charles Schwab has launched a Model Context Protocol (MCP) server allowing clients to connect their AI platforms to Schwab account data starting November 12, 2026.
- 02Clients can access market data, analyze performance, create alerts, and manage trades through their AI platforms once authorized.
- 03The MCP server is currently in pilot with select clients using Anthropic's Claude, with plans to expand access and support for other AI platforms.
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- 04Schwab is introducing thinkorswim Assistant, a generative AI-powered search tool for the thinkorswim Learning Center, to provide guidance in plain English.
- 05The firm has expanded its AI-powered portfolio insights and is rolling out Charley, a generative AI assistant for Schwab.com and Schwab Mobile, to enhance client interaction.
Charles Schwab
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Charles Schwab is giving clients a way to manage their accounts through their own AI platforms. On November 12, 2026, the firm announced a Model Context Protocol (MCP) server that lets clients connect their large language model to their Schwab account data.
Once authorized, clients can access market data and research, analyze position performance, summarize their portfolio, create alerts and organize investment information.
Clients with thinkorswim-enabled accounts can also prepare, place and manage trades, "all with the client in-the-loop," through their own AI platform.
The MCP server is available in pilot to a select group of clients using Anthropic's Claude. Schwab said it will expand client access and add support for other AI platforms over the coming months.
Schwab is also introducing thinkorswim Assistant, a generative AI-powered search tool built into the thinkorswim Learning Center.
The week's banking, insurance and brokerage deployments. Tuesdays.
Expected to roll out soon, it will let clients describe what they want to do in plain English and receive focused guidance on using and customizing the platform.
The firm has expanded its AI-powered portfolio insights, launched to clients this spring, to cover more stocks and ETFs and include additional sector news.
Clients will soon get more time-frame options, expanded market news and content from the Schwab Center for Financial Research.
The tools follow Schwab's announcement of Charley, its generative AI-powered assistant for Schwab.com and Schwab Mobile.
Charley is rolling out in phases to eligible US retail clients and lets them ask questions by voice or text, complete select tasks and connect with a Schwab representative.
"There's no question that AI is going to make our clients' investing and trading experience easier," said James Kostulias, managing director and head of trading services at Charles Schwab. He said the firm's focus is on AI tools "that give them more choice in how they engage" with its platforms.
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