Schwab Advisor Services

Schwab Advisor Services

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Business head: Bernie Clark

No. clients: 7100

AUC: $1,136,500

advisorservices.schwab.com

In the News

What's in a name? For TCA by ETrade, everything

August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...

5 principles that set apart top-performing advisory firms

August 7, 2018 - Independent advisory firms represent $5 trillion in assets under management, and the independent model continues to win considerable market share. According to Schwab Advisor Services' 2018 RIA Benchmarking Study, for firms with over $250 million in assets,...

LPL looks to cash in on in-house advisory assets

July 27, 2018 - Two recent strategic decisions to boost assets advisers hold at LPL Financial appear to be paying off. First, in an attempt to drive more assets to the company's in-house, corporate advisory and managed-money platform, LPL almost a year ago announced...

What the fastest growing RIAs have in common

July 12, 2018 - Business is booming for registered investment advisers. Regardless of firm size, independent firms are experiencing strong five-year compound annual growth in key metrics like assets under management, revenue and number of clients, according the Charles...

Average client assets top $2 million for first time

July 12, 2018 - The average client assets topped $2 million for the first time at independent advisory firms with over $250 million in AUM, according to Charles Schwab's latest RIA Benchmarking Study. That's the most per-client asset under management since Schwab began...

Schwab taps Andrew Salesky to lead adviser technology

June 1, 2018 - Andrew Salesky is now in charge of technology solutions at Charles Schwab Advisor Services. With more than 20 years at Schwab, Mr. Salesky most recently led the firm's global data efforts within the digital services team. According to a statement from...

RIA in a Box acquired by private equity firm Aquiline Capital

May 23, 2018 - Software service provider RIA in a Box has been acquired by the private equity firm Aquiline Capital Partners. While the terms of the deal were not disclosed, this represents the latest in a growing trend of P-E investors adding exposure to the financial...

TD Ameritrade has cut more than 1,100 Scottrade jobs

March 23, 2018 - As TD Ameritrade Holding Corp. continues to absorb its $4 billion acquisition of Scottrade Financial Services, layoffs have now exceeded 1,100 in the St. Louis area where Scottrade is based, according to published reports. A TD Ameritrade spokesman said...

New RIAs are happier and prospering, says Schwab study

March 13, 2018 - Registered representatives who recently jumped ship from a brokerage firm and dived into the RIA registered investment adviser channel are happier and doing better financially than they were at their old firms, a new study from Schwab finds. According...

Bernie Clark and Walt Bettinger on issues facing the advisory business

December 19, 2017 - One of the most popular — and always anticipated — sessions at IMPACT each year is the conversation between Bernie Clark, executive vice president and head of Schwab Advisor Services, and Walt Bettinger, president and chief executive officer of The...

    Notes
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  • N/D = Not disclosed
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