No one wants to leave this industry. The energy is palpable. I’m so inspired by your care for your clients,” Schwab’s RIA chief told advisors.

Bernie Clark, Head of Schwab Advisory Services

Our Commentary

Schwab's Bernie Clark's  gives some very insightful observations on the trend in the RIA space. Clark spoke about the dramatic expansion the poaching of assets from wirehouses has caused in the RIA community, noting that it now comprises 16,000 advisors who manage $2.7 trillion in assets and is growing twice as fast as traditional models."