Schwab Leaders to RIAs: The Opportunities Have Never Been Greater

  Schwab Leaders to RIAs: The Opportunities Have Never Been Greater

  Schwab details strategic and practical initiatives for driving competitive
                  advantage and sustainable growth for RIAs

Business Wire

SAN FRANCISCO -- June 24, 2013

During its annual EXPLORE event last week, Charles Schwab CEO Walt Bettinger
and head of Schwab Advisor Services Bernie Clark commended independent
registered investment advisors (RIAs) for their thriving business model and
uncompromising focus on serving clients, and shared with them an enthusiastic
outlook for the future of the RIA space. Bettinger and Clark also spoke about
the potential challenges ahead as RIAs continue to grow, including increased
regulation and industry complexity, emerging new competition and a changing
client base. Recognizing the landscape facing RIAs, Schwab unveiled several
updates and new initiatives aimed at helping RIAs secure their success well
into the next generation of RIA firms and clients.

Schwab's Walt Bettinger, President and CEO and Bernie Clark, EVP, Advisor
Services at EXPLORE 2013 c ...

Schwab's Walt Bettinger, President and CEO and Bernie Clark, EVP, Advisor
Services at EXPLORE 2013 conference (Photo: Business Wire)

“We want to collaborate with RIAs in their growth and success, in the same way
that RIAs play a crucial role in Schwab’s success,” said Bettinger. “In
addition to our goal of being the best, safest place for RIAs to keep their
client assets, we are also committed to delivering innovative strategies and
resources that help RIAs to continue to thrive.”

New initiatives and updates announced during EXPLORE include:

  *Differentiate the RIA model: Schwab invited advisors to participate in a
    new, searchable directory of independent registered investment advisor
    firms on its RIA Stands For You site. RIA firms that custody with Schwab
    are eligible to sign up to participate in the directory, which is slated
    to be available to individual investors later this year. The online
    directory is the latest addition to Schwab’s RIA Stands For You campaign,
    which launched in 2011 to help investors better understand the benefits of
    the independent RIA model. The website includes educational information to
    help investors who are seeking an advisor.

“RIA Stands For You was launched to help RIAs tell a clear story about what
makes their model different, and to educate and inform investors about the
choices available to them,” said Clark. “The addition of the advisor directory
means that investors visiting RIA Stands for You will now be able to go beyond
education and find an RIA they can work with in their local area.”

  *Next Generation Leaders: At EXPLORE Clark announced that Schwab’s
    Executive Leadership Program will begin in January 2014. The program will
    help prepare promising leaders to manage and grow their RIA firms, and
    will include curriculum that covers five key competency areas: Leadership,
    Innovation, Talent Management, Strategic Marketing and Entrepreneurship.
    The program will feature content and faculty from several of the nation’s
    leading universities as well as insights from RIA firm leaders.
  *Deeper technology integration:  Schwab announced new participants in
    Schwab OpenView GatewayTM, from Schwab Intelligent Technologies™, adding
    depth and breadth to Schwab's technology offer for advisors. New additions
    to Gateway include Envestnet | Tamarac’s Advisor Rebalancing® application,
    PIEtech’s MoneyGuidePro and Zywave’s NaviPro Planning Suite™ which
    introduce financial planning and trading and rebalancing integration to
    the program.
  *Client Service: Since the beginning of the year, Schwab has made
    significant progress on its previously announced Client Experience
    initiative. This has included various enhancements to Schwab Alliance,
    such as improvements to RIA customization and a streamlined enrollment
    process, allowing RIAs to get new clients up and running on the platform
    within an hour. Later this year, Schwab will begin piloting new solutions
    for both electronic signature and electronic authorization that will
    enable significant productivity gains for RIAs in day to day transaction
    areas such as account open and money movement, while also enhancing their
    end-clients' experience.

“Schwab is committed to fueling sustainable RIA growth for generations to come
by supporting firms as the industry evolves,” said Clark. “Whether it is how
they lead and manage their firms, the way they interact with clients, or how
they operate their business day-to-day, these initiatives all help RIAs
capture the opportunities at hand and prepare for a future that is still
taking shape.”

Independent investment advisors are not owned by, affiliated with or
supervised by Charles Schwab & Co. Inc. The mention of the above firms is not,
and should not be construed as a recommendation, endorsement or sponsorship by
Schwab. These firm are not affiliated with or an employee of Schwab.

Schwab Intelligent Technologies™ is a subsidiary of The Charles Schwab
Corporation and an affiliate of Charles Schwab & Co. Inc.

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals
create a better tomorrow. We have a history of challenging the status quo in
our industry, innovating in ways that benefit investors and the advisors and
employers who serve them, and championing our clients’ goals with passion and

More information is available at Follow us on Twitter,
LinkedIn, Facebook, YouTube and our Schwab Talk blog.


Through its operating subsidiaries, The Charles Schwab Corporation (NYSE:
SCHW) provides a full range of securities brokerage, banking, money management
and financial advisory services to individual investors and independent
investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc.
(member SIPC,, and affiliates offer a complete range of
investment services and products including an extensive selection of mutual
funds; financial planning and investment advice; retirement plan and equity
compensation plan services; compliance and trade monitoring solutions;
referrals to independent fee-based investment advisors; and custodial,
operational and trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank
(member FDIC and an Equal Housing Lender), provides banking and lending
services and products. More information is available at and

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value


Photos/Multimedia Gallery Available:



Charles Schwab
Rob Farmer, 415-667-0083
The Neibart Group
Sarah Gormley, 718-875-2122
Press spacebar to pause and continue. Press esc to stop.