Schwab in front as custodians set plans to finance adviser succession
The Charles Schwab Corp.'s plans to offer financing for financial adviser succession plans is putting pressure on other custodians to do the same, observers say
Schwab Advisor Services chief Bernard J. Clark said this month that the firm will roll out a financing program in the first half of next year. The tentative plan is to have Schwab Bank loan money to junior partners for an initial purchase of equity in a registered investment advisory firm from senio
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