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

Fidelity launches digital marketplace for technology integrations

October 16, 2018 - Fidelity Institutional has integrations with more than 100 third-party technology vendors and now it's launching a new digital marketplace to help advisers make sense of all the tools available. First announced in February, the Wealthscape Integration...

Making younger clients a top priority — but not the only priority

October 15, 2018 - When it comes to serving younger clients, financial advisory firms tend either to dabble in it with whatever leftover resources they have or take a whole-hog approach through something like the XY Planning Network. But that wasn't going to cut it for...

Schwab report shows strong growth of SEC-regulated advisers

October 3, 2018 - The number of investment advisers that registered with the Securities and Exchange Commission in 2017 jumped 20% over the year before, according to an analysis by Schwab Advisor Services. The Schwab analysis shows that 238 firms registered with the SEC...

Envestnet Tamarac partners with Schwab, TD on digital account openings

September 20, 2018 - Envestnet Tamarac announced new integrations Thursday with TD Ameritrade Institutional and Schwab Advisor Services that enable a fully digital account opening process. The integrations, currently in pilot testing at both custodians, push client information...

Apex will soon custody cryptocurrency assets

September 4, 2018 - Brokers working with Apex Clearing will soon be to offer clients cryptocurrencies alongside traditional assets. Apex Crypto, which is launching in the fourth quarter, gives firms using Apex for custody and clearing the ability to open a client cryptocurrency...

Schwab abandons plan to build multi-custodial portfolio management tool

August 30, 2018 - Schwab Advisor Services is getting closer to finally releasing a next-generation portfolio management technology, but it will not be the multi-custodial tool it promised advisers years ago. The upcoming release of PortfolioConnect will now be a "streamlined...

Half a dozen Midwest advisers bolt from Waddell & Reed

August 28, 2018 - Even as it seeks to build a more profitable business model, Waddell & Reed is seeing more experienced, productive financial advisers walk out the door, losing a half dozen in the Midwest in little more than a week. Three — Mike Smith in Louisville,...

Mercer Advisors beefs up M&A team to target RIAs

August 22, 2018 - Mercer Advisors, which over the past two years has acquired 13 advisory firms with more than $4.2 billion in assets, is doubling down on its acquisition campaign with a string of recent hires to build out its merger and acquisition team. "The success...

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,...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

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