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Some Schwab independent branches are raking in assets as much as 200% above goals, Schwab CEO says

Analysts applaud the scant data but one RIA has the opposite reaction to what Walt Bettinger said

Author Brooke Southall May 2, 2013 at 8:15 PM
no description available
Walter Bettinger: We did not expect conflict. We're not seeing it.

Ryan Shanks


Chip Roame


Walter Bettinger


Stan Ehrlich


Craig Taucher

Stephen Winks

Stephen Winks

May 2, 2013 — 8:29 PM

Schwab has found a model where young supremely trained MBAs with a major in Financial Planning can be among the best compensated graduates in their class.

Wonderful idea, wonderful career path and very much aligned with where the industry has to head in reconciling the massive retirement wave of advisors in their mid to late 50’s.




May 6, 2013 — 8:42 PM

How much of year one assets are assets consolidated from former employers?

Brooke Southall

Brooke Southall

May 6, 2013 — 9:07 PM

An astute question. The answer may not be easy to get.


Related Moves

May 25, 2024 at 2:45 AM

Fidelity Investments' plan to hire 12,000 by October hit wall of macro-headwinds; no problem, it landed at 15,000; Schwab keeps hiring, too

The Boston giant's people grab could be derailed by indigestion -- the inability to assimilate staff -- an analyst says; but it has yet to materialize so the hiring spree rolls on.

October 29, 2022 at 12:02 AM

Chuck Schwab reveals Part B, doubling-down on Walt Bettinger by making him co-chair, a day after Part A -- wagering $15 billion from the Schwab corporate treasury on the CEO's future leadership

The 84 year-old founder's elevation of his 61-year-old protege may foretell bigger fireworks from Rick Wurster who recently took over many of Bettinger's CEO duties, one executive recruiter says.

July 30, 2022 at 12:41 AM

Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge

The Schwab CEO gets 2016 'Windhaven' hire to share burden of governance from enormity of $8-trillion post-TDA, post-USAA, post-Motif growth.

December 20, 2021 at 11:59 PM

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Mentioned in this article:

Tiburon Strategic Advisors
Consulting Firm
Top Executive: Charles Roame

Finetooth Consulting
Consulting Firm
Top Executive: Ryan Shanks

FA Match
Consulting Firm, Specialized Breakaway Service, Recruiter
Top Executive: Ryan Shanks

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