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

Small custodians compete for advisers with niche needs

February 17, 2017 - When Tim Sobolewski started shopping for a custodian for his $100-million asset advisory firm, The Financial Planning Centerin Amherst, N.Y., he knew what he didn't want: an experience ‚Äúthat felt like I was calling into a cable company.‚ÄĚ That was...

Client demand and technology driving move to comprehensive wealth management

December 6, 2016 - How registered investment advisory firms operate, the advice models they use, and the composition of their teams is undergoing vast change. That was the message delivered by Bernie Clark, executive vice president and head of Schwab Advisor Services, to...

Advisers uncertain about future but Schwab exec urges them to embrace change

October 26, 2016 - Over the past decade, independent advisers experienced rapid growth, but the ongoing uncertainty from markets to U.S. elections continues to concern them. That is one of the takeaways from Schwab's Independent Advisor Outlook study (IAOS) of 957 advisers...

Schwab CEO: Advisers face challenge of keeping fiduciary edge over brokers in post-DOL rule world

October 25, 2016 - As brokers start to resemble investment advisers in the wake of regulatory changes that raise certain standards of conduct, advisers must sharpen their brand, the head of the nation's largest custodian for advisers said Tuesday. “They're working hard...

How advisers can stay on the right side of the growth curve

October 24, 2016 - Client acquisition is soaring for independent advisers, but what do you need to do to stay ahead of the game? Jon Beatty, senior vice president at Schwab Advisor Services, says it comes down to enhancing your array of services.

Private-equity firms ramp up M&A in RIA industry, Charles Schwab report shows

September 13, 2016 - Private-equity firms are grabbing a larger portion of registered investment advisory firms up for sale. They made up 26% of buyers in the first half of this year, rising from 11% in the first six months of 2015 and on pace to have the biggest showing...

2016 custodians and clearing firms ranking

August 11, 2016 - Clearing Firms listed by number of broker-dealer clients Firm Website # of clients % change vs. 2015 Contact Phone Email Pershing LLC www.pershing.com/who-we-serve/broker-dealers 743 -3.80% Michael Row (800) 445-4467 pershing.com/contact/ RBC Correspondent...

Custodians help advisers navigate DOL fiduciary rule

August 7, 2016 - Custodians have morphed into consultants for registered investment advisory firms, navigating them through an increasingly complex regulatory landscape. Chief among new regulations financial advisers have to conform to is the Labor Department's fiduciary...

RIAs boost profitability while gaining clients, Charles Schwab study shows

July 15, 2016 - Registered investment advisory firms increased profitability last year as they embraced technology and gained clients, according to Charles Schwab & Co. Profitability rose about 4% last year and is up 27% since 2011 as firms become more efficient through...

John Oliver's criticism helps fiduciary duty go prime time

June 19, 2016 - For the last six years, the debate over a Labor Department regulation to raise investment advice standards for retirement accounts has been conducted mostly among regulators, lawmakers, industry officials and financial advisers. Now the people the regulation...

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