WESTLAKE, Texas–(BUSINESS WIRE)–Schwab Advisor Services™ extends its RIAConnect® platform to provide better support for businesses that hold both Schwab and TD Ameritrade (TDA) to build the right relationships with each other and with potential talent. The online community and matchmaking tool, originally an initiative of the TDA, connects firms and advisors on topics related to mergers and acquisitions, talent and succession planning. There are over 1,000 companies currently on the platform, and they have exchanged over 11,000 messages since the initial launch.
“Advisors consistently tell us that connecting with new talent, accommodating growth and solidifying succession plans are top priorities, platforms like RIAConnect are more valuable than ever,” said Lisa Salvi, Managing Director business consulting and education at Schwab Advisor Services.
“Expanding the platform to include advisors who hold with Schwab and with TD Ameritrade increases the likelihood that companies exploring M&A and succession opportunities can find their perfect partner.”
The enhanced platform relies on a proprietary algorithm designed to match businesses with common goals or needs. Businesses can connect anonymously online to pursue narrow strategic relationships through search filtered by factors such as company culture, growth projections and investment management approaches.
Another significant improvement is that potential talent can now leverage the platform to explore career opportunities via an external link, making it easier for companies and job seekers to find the right person.
Complementing RIAConnect, the Schwab Affinity Services program offers companies access to a collection of select third-party vendors at preferential pricing that cover talent, M&A, and succession planning capabilities offered through the platform.
Advisors can access RIAConnect by visiting the Schwab Advisor Center or Veo One. Those interested in a career in the RIA industry are encouraged to create a profile at: schwabriaconnect.com. Advisors are also invited to learn more about the platform at Schwab’s IMPACT 2022 conference by visiting our booth at the Exchange.
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Disclosures
Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, portfolio management and financial advisory services to individual investors and investment advisers independent. Its brokerage subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.ips.org), and affiliates offer a full range of investment services and products, including a wide selection of mutual funds; financial planning and investment advice; pension plan and equity compensation plan services; business compliance and monitoring solutions; referrals to independent paid investment advisers; and custody, operations and trading support for fee-based independent investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (Member FDIC and Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.
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Schwab Advisor Services™ serves independent investment advisors and includes Schwab custody, trading and support.
Independent Investment Advisors are not owned, affiliated with or supervised by Schwab. For informational purposes only.
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