What one recruiter learned about Schwab's franchises after talking to Mary
Initially skeptical, on closer inspection and after talking to Schwab's first franchisee, our correspondent sees a real value proposition in the offing
![Elmer Rich III](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D1c4f778f478f5cb09e0bd73147a6f41d%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Elmer Rich III
Rule #1 — Follow the AUM. It sounds like a standard franchise model with some “stores” company owned and other “independent” franchises — all branded Schwab.
With the transition and pending dissolution of many Boomer-owned businesses, no doubt modeled by Schwab, this looks like a natural asset capturing network for the brand and business identity that will have the most continuity for the RIA’s clients — again Schwab.
All roads for all assets lead back to — Schwab. Of course, they will protest but — follow the money.
Related Moves
UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture
Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.
July 16, 2022 at 1:35 AM
Firstgroup Recruiting Solutions, LLC
Recruiter
Top Executive: Frederic St Laurent Jr