“The future of the RIA model depends greatly on the next generation,” says Beatty. “Although firms are increasingly thinking about succession, we see a lot of work still to do toward establishing implementable plans. Connecting with the next generation of advisors and investors is a critical challenge that all RIAs must address in order to grow and remain competitive in the years to come.”
Schwab’s Business Consulting Services for Advisors
Schwab’s Business Consulting Services is a comprehensive practice management platform that draws on more than two decades of experience working with advisors. Through one-on-one support, online resources, and consultative events, Schwab provides independent investment advisors with comprehensive practice management solutions including insights, tools and resources to help them drive growth, improve scalability and efficiency, and focus on client service. Schwab’s Business Consulting Services, provided to advisors who custody with Schwab, comprise six comprehensive offerings that cover key areas of running an independent advisory firm: business strategy and planning, marketing and business development, human capital, transition planning, technology and operations, and compliance resources. Schwab’s relationship managers and business and technology consultants work closely with advisors to identify areas of need and leverage solutions to support the advisor business.
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 integrity.
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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
), 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
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