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Reverse Spin: Schwab to hold more manicured hands

For a company that doesn't like to think of itself as competing with financial advisers, Charles Schwab Corp.

For a company that doesn't like to think of itself as competing with financial advisers, Charles Schwab Corp. is certainly going after the rich and, sometimes, famous.

On Wednesday, the San Francisco discount broker said it would pay $365 million for the private-asset-management business of Boston-

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