Jake Gilliam, CFA, AIF®

Managing Director, Head of Portfolio Construction Solutions
Charles Schwab & Co., Inc.

Jake Gilliam is a Managing Director and Head of Portfolio Construction Solutions supporting Schwab Asset Management®. In this role, he leads the Schwab Asset Management research, portfolio analytics, and investment portfolio strategist teams. Mr. Gilliam is responsible for the strategic direction of multi-asset class portfolios and portfolio construction across Schwab Asset Management, [including non-discretionary advisory services provided for Charles Schwab Trust Bank’s Collective Investment Trusts], and provides analytical support to advisers, institutions, and clients. Additionally, Mr. Gilliam provides strategic leadership for Schwab Asset Management’s multi-asset and sub-advised investment strategies, as well as for the firm’s portfolio construction framework. He also participates in Asset Allocation and Third-Party Investment Oversight committees and represents Schwab Asset Management’s multi-asset class strategies and framework to the institutional marketplace, clients, and the media.

Mr. Gilliam has more than 20 years of retirement industry and multi-asset management experience. Previously, he was the head of research and analytics, as well as head client portfolio strategist for Schwab Asset Management’s multi-asset strategies. Prior to that, Mr. Gilliam was the senior portfolio manager for Charles Schwab Trust Bank’s Collective Investment Trusts and the head of sub-adviser oversight for Schwab Asset Management. Additionally, Mr. Gilliam served as the interim head of asset allocation and portfolio manager for all of Schwab Asset Management’s multi-asset class funds. Prior to these roles, he oversaw the due diligence process for maintaining the Schwab Focus List. Earlier in his career, Mr. Gilliam was a sell-side equity research associate.

Mr. Gilliam earned a Bachelor of Business Administration in finance from Ohio University. He is a CFA® charterholder and a member of the CFA Society of Cleveland. Mr. Gilliam is also a member of the Ohio University College of Business Finance Advisory Council and an Accredited Investment Fiduciary® designee. He holds Series 7 and 66 licenses.

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The information presented on this website is for institutional use only by plan sponsors, consultants, broker-dealers, and advisors. It is not intended for use by retirement plan participants.

The Schwab Managed Retirement Trust Funds™, Schwab Indexed Retirement Trust Funds™, and Schwab Institutional Trust Funds™ (each a “Trust”, collectively the “Trusts” or “Collective Investment Trusts (CITs)”) are collective investment trusts maintained by Charles Schwab Trust Bank (CSTB), as trustee. They are available for investment only by eligible retirement plans and entities. Charles Schwab Trust Bank’s Collective Investment Trusts are not insured by FDIC or any other type of deposit insurance; are not deposits or other obligations of and are not guaranteed by CSTB or any of its affiliates; and involve investment risks, including possible loss of principal invested. The Trusts are not mutual funds and are exempt from registration and regulation under the Investment Company Act of 1940 (the “1940 Act”), and their units are not registered under the Securities Act of 1933, or applicable securities laws of any state or other jurisdiction. Unit holders of the Trusts are not entitled to the protections of the 1940 Act. The Declaration of Trust and Participation Agreement contain important information about Trust fees and investment objectives, risks, and expenses of the underlying investments in the Collective Investment Trusts maintained by CSTB and should be read carefully before investing. The decision to invest in the Trusts should be carefully considered. The Trusts’ unit values will fluctuate and may be worth more or less when redeemed, so unit holders may lose money. The Trusts are not sold by prospectus and are not available for investment by the public. The Trusts’ prices are not quoted in newspapers.  

The Charles Schwab Corporation provides services to retirement and other employee benefit plans and participants through its separate but affiliated companies and subsidiaries: Charles Schwab Trust Bank (CSTB); Charles Schwab & Co., Inc.; Schwab Asset Management®, the dba name for Charles Schwab Investment Management, Inc.; and Schwab Retirement Plan Services, Inc. Trust, custody, and deposit products and services are available through CSTB, Member FDIC. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Member SIPC). Schwab Retirement Plan Services, Inc. is not a fiduciary to retirement plans or participants and only provides recordkeeping and related services to retirement plans. Schwab Asset Management is an investment adviser registered with the Securities and Exchange Commission and provides investment research, advice, and fund administration services to CSTB and Trusts.

The Charles Schwab Trust Bank CITs™ select investments based on advice received from, or products offered by industry-recognized investment management firms ("sub-advisors"). The Trusts access investment strategies through various investment vehicles including, but not limited to, collective investment trusts, mutual funds, and/or exchange-traded funds and may also access strategies through sub-advisors engaged by Charles Schwab Trust Bank to advise one or more separate accounts of a Trust. The Trusts may invest in securities directly managed by Schwab Asset Management®, including Schwab ETFs, and from which Schwab Asset Management® earns advisory fees. Exposure to some strategies may be indirect through investment in other Charles Schwab Trust Bank CITs. The Schwab Managed Retirement Trust™ invests in the Schwab Institutional Large Cap Value Trust™, Schwab Institutional Large Cap Growth Trust™, Schwab Institutional Small Cap Trust™, Schwab Institutional Diversified International Trust™, and Schwab Institutional Core Plus Fixed Income Trust™.

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