Schwab Hosted More Than 150 Events in 2009 to Help Advisors Manage Their Businesses and Fuel Growth

Tuesday, February 9, 2010 6:00 am PST



Public Company Information:


SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co. Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered investment advisors (RIAs), reported that it held 153 practice management and technology events attended by more than 3,000 advisors in 2009, double the number it held in 2008. The regional events, held in addition to Schwab’s larger advisor gatherings such as IMPACT®, covered a range of topics key to running an independent advisory firm, including growth and productivity strategies, client communication techniques, advisor M&A, technology, and integrating advisors turning independent into an existing firm.

“Our aggressive events curriculum is an integral part of Schwab’s commitment to provide advisors with resources, tools and insights to help them strategically manage and grow their businesses,” said Janelle Sallenave, vice president of client experience with Schwab Advisor Services™. “These events provide advisors with customized, timely and actionable insights and also give them a venue to network and learn from one another.”

Nearly 100 Practice Management Events

Schwab held more than 70 regional advisor practice management events and roundtables throughout 2009 reaching nearly 1,000 advisors. The regional events and roundtables are a more personal way for advisors to gain insights and network with one another exploring such key issues as business planning and the day-to-day management of a firm. In 2009, focus areas included increasing firm productivity, advisor firm M&A and transitions, effectively communicating with clients, business development strategy and implementation, and recruiting wirehouse advisors.

Schwab also hosted approximately 25 additional workshops and webcasts for advisors in 2009 focusing on economic updates and investment outlooks, legislative overviews, advisory firm compliance, networking events for women advisors, and investing in ETFs.

Technology Events for More than 2,000 Attendees

In 2009, Schwab held more than 40 technology roundtables for an estimated 600 advisor clients covering a variety of important topics including leveraging technology to streamline an advisory firm’s business, document imaging and establishing a paperless office, and best practices on trade order management and rebalancing tools.

Schwab also held 12 SOLUTIONS® technology events for more than 1,700 attendees. The 2009 SOLUTIONS events helped firms get the most out of Schwab technology offerings designed to support advisors’ goals to increase efficiency and improve productivity.

Schwab’s Business Consulting Services for Advisors

Schwab’s events for advisors complement the growing number of one-on-one engagements conducted by its teams of business and technology consultants who are part of Schwab’s Business Consulting Services program. In 2008 and 2009, Schwab business consultants conducted more than 400 one-on-one meetings with advisor clients. In addition, over the past three years, Schwab technology consultants have conducted more than 240 in-depth business operations consultations and have personally assisted more than 1,600 clients in the same timeframe, averaging approximately 540 clients per year.

Schwab’s Business Consulting Services provide independent investment advisors with comprehensive practice management solutions including insights, tools and resources to help them drive growth, improve scalability and efficiency, and focus on client service. Specifically, Schwab’s Business Consulting Services, provided at no cost to advisors that custody with Schwab, comprise six offerings that cover key areas of running an independent advisory firm: business strategy and planning, marketing and business development, human capital, transition planning, technology and operations, and compliance resources.

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.7 million client brokerage accounts, 1.5 million corporate retirement plan participants, 722,000 banking accounts, and $1.42 trillion in client assets as of Dec. 31, 2009. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Charles Schwab & Co., Inc. (member SIPC,, 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; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at (0210-1063)


Charles Schwab
Michael Cianfrocca, 415-667-0344

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