This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bernie Clark, Executive Vice President And Head Of Schwab Advisor Services (Photo: Business Wire)

Addressing a gathering of more than 160 independent registered investment advisors (RIAs) at its annual EXPLORE ® conference today, Bernie Clark, executive vice president and head of Schwab Advisor Services, revealed new Schwab research on “ Generation Now” - affluent individuals between the ages of 30 and 45 who are following on the heels of advisors’ current pre-retired or retired clients. Schwab believes these affluent investors, who currently control nearly $3.5T in investable assets, 1 represent one of the most significant opportunities for RIA firm growth in the decade ahead.

Bernie Clark, executive vice president and head of Schwab Advisor Services (Photo: Business Wire)

Bernie Clark, executive vice president and head of Schwab Advisor Services (Photo: Business Wire)

“The findings from our Charles Schwab Generation Now Study for RIAs give RIAs an important window into who these individuals are, how they think and feel about the world around them, what matters to them, how they make decisions and their attitudes about investing, finances and advice,” said Clark. “We are excited because the research clearly shows that the RIA model is right for these individuals, and these insights provide a jumping off point for us to work together to construct the strategies for growth and transition that will help enable RIAs to continue their success.”

‘Generation Now’

According to Schwab’s latest Independent Advisor Outlook Study (IAOS), advisors report that 40 percent of their clients are retired and 30 percent are less than ten years from retirement. Among clients who are already retired, 60 percent are drawing down assets, including principal, from their portfolios. Acquisition of future assets has become an important opportunity for many in the industry.

In the Generation Now Study (so named to reflect the immediate opportunity this group represents for independent advisors), Schwab Advisor Services set out to understand the investing mindset of this group in order to share insights and work with RIAs to understand implications for everything from client service and talent management to succession and legacy planning.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs