Schwab Execs Crow About Asset Gains

Charles Schwab Corp. executives on Friday offered some details on the company’s blow-out quarter for new asset flows.

Schwab enjoyed $38.9 billion in net new assets from both its retail business and its RIA custody unit during the first quarter. As part of that, Schwab’s RIA custody unit, Advisors Services, “had a near-record quarter [for new assets] going back to the inception of the advisor business,” Bettinger said.

from FA News http://www.fa-mag.com/news/schwab-execs-crow-about-asset-gains-32423.html

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