Can I manage assets outside of XYIS?

The short answer is yes, you can.

We understand that XYIS may not be the right solution for all of your clients. If you do need to manage any clients' accounts at Schwab outside of XYIS, simply keep those accounts on your individual master. We will only manage and bill on accounts on your shared master with us so anything at Schwab kept separate from that master will be yours to manage.