Schwab Advisor Services™ Expands Ability for Matchmaking Between Advisor Firms
Schwab Advisor Services is enhancing its RIAConnect platform to better support firms using Schwab and TD Ameritrade. This initiative aims to facilitate connections regarding M&A, talent acquisition, and succession planning. With over 1,000 firms already registered, the platform has seen more than 11,000 messages exchanged. The upgrade includes an algorithm for matching firms with similar goals and allows prospective talent to explore job opportunities more easily. Additionally, the Schwab Affinity Services program offers curated third-party providers to assist firms.
- Expansion of RIAConnect platform to include TD Ameritrade users increases potential for M&A connections.
- Proprietary matching algorithm enhances strategic pairing of firms based on mutual goals.
- Access to curated third-party providers through the Schwab Affinity Services program offers firms valuable resources.
- None.
“We hear consistently from advisors that connecting with new talent, scaling for growth, and solidifying succession plans are top priorities, platforms like RIAConnect are more valuable than ever,” said
“Expanding the platform to include advisors who custody with Schwab and with TD Ameritrade increases the likelihood that firms exploring M&A and succession opportunities can find their perfect match.”
The enhanced platform leverages a proprietary algorithm designed to match firms with mutual goals or needs. Firms can connect anonymously online to pursue strategic relationships narrowed down through a filtered search by factors like firm culture, growth projections, and investment management approaches.
Another important enhancement is that prospective talent can now leverage the platform to explore career opportunities through an external link, making it easier for firms and job seekers to find the right fit.
As a complement to RIAConnect, the Schwab Affinity Services program provides firms with access to a collection of curated third-party providers at preferred 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
About
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.
Disclosures
Through its operating subsidiaries,
TD Ameritrade Institutional,
Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support of Schwab.
Independent investment advisors are not owned by, affiliated with, or supervised by Schwab. For informational purposes only.
©2022
(1122-2VTM)
View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005305/en/
Schwab Corporate Public Relations
862-742-7482
Kristin.Meza@Schwab.com
732-757-2119
sas@neibartgroup.com
Source:
FAQ
What is Schwab Advisor Services' RIAConnect platform?
How many firms are currently using RIAConnect?
What enhancements have been made to the RIAConnect platform?
What is the significance of the recent updates to RIAConnect for investors?