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Bernie Clark's parting remarks -- webcast and media -- center on Schwab's outsized symbiosis with national W-2 RIAs; he declines to 'name names' of ones he doesn't love but names some he does

The exit-bound Schwab RIA chief, never one to offend, says his company's net new assets depend on the aggregators 2-to-1 over RIA startups, but some are choosing a counterproductive path

Author Brooke Southall June 1, 2024 at 12:48 AM
1 Comment
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Bernie Clark: The 'join' deals are now twice the 'start' deals.
Keith Girard contributed to the editing of this article.

RIA Custodians

Quincy Hall

Quincy Hall

June 1, 2024 — 3:38 PM
Not so sure it's about crossing a ‘line’ because if so then all businesses get as close as humanly possible to that 'line' or be competitively disadvantaged. More of a 'grey area' that needs better defining by RIAs explaining/ demonstrating how they work. Let that be the differentiator.

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Creative Planning
RIA Serving Other RIAs
Top Executive: Peter Mallouk, JD, MBA, CFP®

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