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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

Author Fred St Laurent, Guest Columnist December 21, 2011 at 3:55 PM
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Fred St. Laurent: A number of smart brokers are going to see this as one of the best deals on the street.

Fred St. Laurent


Mary Murphy

Elmer Rich III

Elmer Rich III

December 21, 2011 — 4:38 PM

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

July 16, 2022 at 1:35 AM

Mentioned in this article:

Firstgroup Recruiting Solutions, LLC
Top Executive: Frederic St Laurent Jr

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