Charles Schwab Outlines Fundamentals for Investment Advisor Independence

A persistent undercurrent of uncertainty at the full-service wirehouse brokerage firms has been a game-changer for many financial advisors this year, prompting record moves to the independent registered investment advisor (RIA) channel. To help these advisors successfully transition to independence, Charles Schwab today announced its latest whitepaper, A Case for Starting or Joining a Registered Investment Advisory (RIA) Firm.

The shift in momentum is palpable: as of June 30, 2009, 74 advisor teams transitioned to independence this year with Charles Schwab as their custodian, up 54 percent from the 48 teams who made the change in the first six months of 2008...

Trading Markets: Charles Schwab Outlines Fundamentals for Investment Advisor Independence