Schwab's purchase of Windhaven made its asset growth soar -- and RIA assets may be the afterburners
The Boston-based phenom has gathered assets mightily in good markets but may do even better in bad ones
Advisor
Advisors can still be a major player with Schwab after this purchase. We remain very optimistic about the Network program and so do branch staff.
Of course, this purchase is competition for advisors. But it is to be expected that Schwab would pursue other growth opportunities.
In the end, advisors must recognize that their offering must be rich and very service oriented. That will help drive advisor growth.
I don’t see this path as unexpected. And I do believe that Windhaven and Advisor Network can both be a winning strategy for all involved.
Related Moves
Dan Seivert's ripping success in RIA M&A deals has odd side effect of having some sidearm staff leave for new vistas
Carolyn Armitage and Mark Bruno left to mutual benefit, while Echelon Partners roars on, feeding the beast of deal-crazed RIA buyers and sellers.
July 20, 2021 at 1:17 AM
Free of 2012 merger entanglements, Roger Hewins's second RIA act is on a hiring binge after zeroing in on women as target market -- knowing full well the gender tilt never seems to work
'Team Hewins' has some old hands from Redwood City, San Francisco, Boca Raton, and Miami overseeing billion of dollars and a push to create a place where the culture trumps pink-and-shrink in making notoriously leery women get invested
April 23, 2019 at 6:31 PM
Team Hewins
RIA Seeking to Hire Advisors
Top Executive: Roger Hewins
