More breakaway brokers joining established RIAs, says Schwab
Of the 172 new adviser teams that joined Schwab in 2009, fully 42% went to existing RIAs. That's a big change from previous years
A growing number of breakaway brokers are joining existing advisory firms, rather than setting up new registered investment advisory firms, according to Charles Schwab Advisor Services, the custody unit of Charles Schwab & Co. Inc.
Of the 172 new adviser teams, representing $13.2 billion in assets,
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