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GROWTH OF INVESTMENT MANAGERS LEADS SCHWAB INSTITUTIONAL DIVISION PAST $20 BILLION MARK

 SAN FRANCISCO, Oct. 21 /PRNewswire/ -- The explosive growth of independent investment managers who advise investors has led Schwab Institutional, the nation's largest provider of specialized brokerage services for independent investment managers, past the $20 billion mark in client assets -- a 78 percent increase compared with the same period in 1992. Schwab's service to these investment professionals has seen an 80 percent annual growth rate in client assets since 1989 due to a growing segment of individuals, pension administrators and corporations who seek investment advisory services.
 The Schwab Institutional division incorporates a myriad of services geared toward investment professionals who manage money of individuals, institutions, and corporations throughout the United States. Its flagship service (previously known as the Financial Advisors Service) now represents almost one-quarter of total client assets in custody at Schwab, and serves nearly 4,000 investment managers with trading and operation support.
 "We've recognized the tremendous need by investment managers for services and back office support that increase their effectiveness in the markets they serve," said Charles R. Schwab, chairman of The Charles Schwab Corp. (NYSE: SCH) "There is a natural fit between investment managers and Schwab since we don't compete in an advisory role."
 Schwab Institutional also serves the burgeoning 401(k) market through alliances with large recordkeeping firms such as Coopers & Lybrand and Bankers Trust. Schwab's package of investments, participant education materials, and trustee services through The Charles Schwab Trust Co. enable recordkeeping firms to offer a broad and flexible 401(k) package to their plan sponsor clients. Other corporate services available to clients through Schwab Institutional include the employee stock option, restricted stock, and employee stock purchase plan services; institutional trading; and services for corporate stock repurchase and dividend reinvestment plans.
 "We thrive on delivering innovative solutions to the problems that clients present us," stated John Philip Coghlan, executive vice president of Schwab Institutional. "By matching our investment offerings with technology, we've grown to be a primary service provider to investment managers, pension administrators, and corporations who desire greater flexibility in managing their advisory or consultancy responsibilities."
 Schwab Institutional will hold its third annual conference for investment managers and pension administrators on October 28-29 at the New York Hilton and Towers at Rockefeller Center.
 Charles Schwab & Co., Inc. is one of the nation's largest brokerage firms serving over 2.4 million active investors with over $87 billion in assets. Schwab is a leading provider of no-load, no transaction fee mutual funds and no-fee IRAs through a nationwide network of 190 offices in 46 states, and one office in London.
 -0- 10/21/93
 /CONTACT: Tom Taggart of Charles Schwab, 415-627-8947/
 (SCH)


CO: Charles Schwab Corp.; Charles Schwab & Co. Inc.; Schwab
 Institutional ST: California IN: FIN SU:


TM -- SF009 -- 5346 10/21/93 14:49 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
Words:460
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