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Schwab's purchase of Windhaven made its asset growth soar -- and RIA assets may be the afterburners

The Boston-based phenom has gathered assets mightily in good markets but may do even better in bad ones

Author Brooke Southall August 15, 2011 at 5:49 AM
1 Comment
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Bryan Olson says the explosive growth doesn't include many RIA assets, which are expected to start kicking in soon..

TAMPs


Advisor

Advisor

August 15, 2011 — 6:45 PM

Advisors can still be a major player with Schwab after this purchase. We remain very optimistic about the Network program and so do branch staff.

Of course, this purchase is competition for advisors. But it is to be expected that Schwab would pursue other growth opportunities.

In the end, advisors must recognize that their offering must be rich and very service oriented. That will help drive advisor growth.

I don’t see this path as unexpected. And I do believe that Windhaven and Advisor Network can both be a winning strategy for all involved.


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Mentioned in this article:

Team Hewins
RIA Seeking to Hire Advisors
Top Executive: Roger Hewins



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