Schwab Advisor Services Leaders Take Advisors to Capitol Hill to Meet With Legislators and Advocate on Behalf of the RIA Industry

Thursday, June 11, 2015 1:00 pm PDT



Public Company Information:

"RIAs deserve an advocate that focuses on the industry as intently as they focus on serving their clients, and we are proud to serve in that way"

SAN FRANCISCO--(BUSINESS WIRE)--Bernie Clark, executive vice president and head of Schwab Advisor Services, Nick Georgis, senior vice president of Schwab Advisor Services, and a small group of advisors met with members of Congress on Capitol Hill to discuss industry issues facing independent investment advisors and investors. The meetings were held in conjunction with the annual Investment Adviser Association (IAA) Lobbying Day and were part of a continued effort by Schwab to maintain a dialogue with lawmakers in Washington, D.C., and to advocate for the interests of independent registered investment advisors (RIAs) and the industry. Clark, Georgis and the advisors spent the afternoon sharing industry perspective with lawmakers on regulatory issues that impact RIAs and their clients. Topics included advisor examinations and the fiduciary standard.

“RIAs deserve an advocate that focuses on the industry as intently as they focus on serving their clients, and we are proud to serve in that way,” said Bernie Clark. “It’s important that the voice of advisors be heard by the legislators who make decisions that can impact their industry, their businesses and their clients.”

As the RIA industry’s largest custodian, Schwab Advisor Services engages in a wide range of efforts to support and advance the independent advisory industry. Activities include donations to non-profit organizations, as well as providing a voice in Washington, D.C. on regulatory and public affairs issues impacting RIAs. In 2013, Schwab Advisor Services launched the Schwab RIA Student Intern Program, an immersive, hands-on RIA industry-focused program designed to prepare undergraduate college students for employment with RIA firms. Schwab Advisor Services also established the IMPACT Awards® in 2006 to honor advisors and firms that have advanced the industry through their visionary leadership, operational excellence and technology innovation. Schwab also created, a multi-media national advertising campaign with a local marketing strategy that aims to support the RIA category and increase awareness of the independent advisory model among high net-worth investors.

About Schwab

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.

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Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member, and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at and

Independent investment advisors are not owned by, affiliated with or supervised by Charles Schwab & Co. Inc.



Charles Schwab
Anita Fox, 415-667-1308
The Neibart Group
Mayrav Weiss, 718-801-8864

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Martine Lellis, Sullivan Bruyette Speros and Blayney along with John Wolff, Capital Fiduciary Advisors, LLC joined Schwab on Capitol Hill. (Photo: Business Wire)
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