Schwab Gets a Nice Little Fund Family With the Deal

Leading online broker Charles Schwab(SCH Quote) said today that it's buying U.S Trust(UTC Quote) for the private bank and money manager's lucrative expertise and its $75 billion in fat-cat client accounts. But what about the $8 billion in its U.S. Trust's 27 Excelsior mutual funds, too?

By all accounts, the funds appear to be just as much an afterthought for Schwab as they are for U.S Trust, who focuses primarily on clients with investable assets of at least $5 million.

Schwab-U.S. Trust Merger: Join the discussion on our message boards. ...