Schwab vacuums up assets, says there’s plenty to share with RIAs
Net new assets surged at Charles Schwab in the second quarter, propelling the brokerage’s total for client holdings past the $13 trillion mark. Processing Content Westlake, Texas-based Schwab reported Tuesday that its inflows of “core net new assets” were up nearly 50% year over year to nearly $120 billion in the second quarter. Schwab defines…