Schwab Intelligent Portfolios

Schwab Intelligent Portfolios targets taxable brokerage accounts with $50,000 or more and uses automatic rebalancing plus tax-loss harvesting to optimize your after-tax returns. The platform rebalances your portfolio when it drifts out of alignment, and it harvests losses throughout the year to offset gains and reduce your tax liability. There are no management fees, and you get Schwab's investment platform and customer service backing.

The service fits well if you're saving for a goal that's not retirement-focused (like a home purchase or business venture) and want tax efficiency in a regular investment account. The higher account minimum ($50,000) reflects its positioning as a tool for people who already have substantial savings and want to grow it tax-efficiently.