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

Custodians no longer at the center of RIA technology hubs

March 1, 2019 - The relationship between custodians, registered investment advisers and technology vendors is evolving. RIAs today are demanding deeper and more robust data on clients so they can provide new services like financial planning, but these advisers are increasingly...

Charles Schwab selling PortfolioCenter to Envestnet Tamarac

February 21, 2019 - Charles Schwab is selling PortfolioCenter, a portfolio management and reporting engine used by 3,000 registered investment advisory firms, to Envestnet Tamarac. Envestnet announced the acquisition Thursday afternoon when reporting its fourth quarter 2019...

The RIA space is hot, and brokers are on the move

January 26, 2019 - After working for more than 25 years in the securities industry, first as a broker and then as a hybrid adviser, Nathan Bachrach dropped his Financial Industry Regulatory Authority Inc. registration in 2012 and became a fee-only adviser. Mr. Bachrach...

LPL affiliate Private Advisor Group launches new plan to attract wirehouse brokers who may want to go RIA

January 10, 2019 - LPL Financial's largest affiliate, Private Advisor Group of Morristown, N.J., is launching a new platform its partners believe will give it the ability to attract wirehouse brokers who want to transition to the RIA channnel. Private Advisor Group is a...

Will LPL's new emphasis on recruiting from wirehouses pay off?

December 21, 2018 - Recent moves in the recruiting group at LPL Financial make it clear that the firm is trying to target more registered reps and financial advisers who currently work at wirehouses and convince them to leap to a broker-dealer where they labor as independent...

Why Laurie Nardone Chose Independence

December 17, 2018 - In this final installment, InvestmentNews Content Strategy Studio discusses the journey to becoming an independent Registered Investment Advisor (RIA) through the lens of three advisors' unique experiences. Below, Laurie Nardone, CFP® and managing principal...

TD Veo platform one step closer to fully digital account opening

December 17, 2018 - The latest update to TD Ameritrade Institutional's VEO One technology platform brings the custodian one step closer to offering financial advisers a fully digital and automatic account opening process. New integrations with customer relationship management...

Despite broker protocol mess, advisers still thinking about leaving Wall Street: Schwab study

December 12, 2018 - The uncertainty created by large firms pulling out of a brokerage industry agreement that makes it easier for financial advisers to move to a new employer has had little effect on financial advisers' thinking about leaving the brokerage industry, where...

The view from IMPACT: Where the industry is headed

December 10, 2018 - Technology, scale and talent are three themes that will dominate the future of the advisory business, according to Bernie Clark, executive vice president and head of Schwab Advisor Services. But in his keynote remarks kicking off his firm's recent IMPACT...

The future of advice: Diverse talent & technology

December 10, 2018 - As attendees at IMPACT learned in educational sessions and through discussions with providers in the bustling Tech Alley section of the exhibit center, greater adoption of technology is the only way advisors will be able to profitably satisfy the demands...

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

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