Discussion topics include fiduciary standards, cybersecurity, and advisor exams
Schwab Advisor Services leaders are in Washington today for the Investment
Adviser Association’s (IAA) Annual Lobbying Day. The Schwab
contingent, led by Bernie Clark, executive vice president and head of
Schwab Advisor Services, and Nick Georgis, senior vice president,
business consulting services, Schwab Advisor Services, will be joined by
four independent registered investment advisors (RIAs) who custody
client assets with Schwab. The group will meet with members of Congress
to provide a firsthand account of the important role of RIAs for
individual investors and to shine a light on the issues that directly
impact RIAs and their clients. Discussion topics will include advisor
exams, fiduciary standards, and cybersecurity. Schwab is also a sponsor
for this year’s IAA event, which is celebrating its 10th year and will
include a special welcome reception and dinner as part of the program.
“Advocacy is about using your voice and influence to shape issues and
build relationships with decision makers, and Schwab is proud to be a
strong advocate on behalf of independent advisors and their clients on
Capitol Hill,” said Clark. “We firmly believe in the independent advice
model and the benefits it provides to investors and advisors. We are
committed to actively working with lawmakers and regulators to ensure
that the legislative and regulatory landscape supports the ongoing
growth and success of independent advice.”
Also joining the Lobbying Day contingent are members of Schwab’s
Legislative and Regulatory Affairs team: Jeff Brown, senior vice
president, and Michael Townsend, vice president.
As the largest custodian for independent advisors, Schwab offers a broad
range of resources and support for independent advisors, including its
participation in the annual IAA Lobbying Day. Other Schwab initiatives
to build awareness for and support of independent advisors include:
For more information on Schwab’s advocacy efforts for independent
advisors, please visit the advocacy
page.
About Charles 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.
More information is available at www.aboutschwab.com.
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Disclosures
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 SIPC,
www.sipc.org),
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 www.schwab.com
and www.aboutschwab.com.
Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose
Value
Schwab Advisor Services™ serves independent investment advisors and
includes the custody, trading, and support of Schwab.
Independent investment advisors and Schwab are independent of each other
and are not affiliated with, sponsored by, endorsed by, or supervised by
each other. For informational purposes only.
(0617-7W0X)
