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The Charles Schwab Company Expands Capabilities to Serve Multifamily and Single Household Places of work Via Acquisition of The Household Wealth Alliance

WESTLAKE, Texas–(BUSINESS WIRE)–The Charles Schwab Company (“Schwab”) right now introduced it has acquired The Household Wealth Alliance (“FWA”), a number one neighborhood and supplier of assets to household wealth companies serving ultra-high web value purchasers. Collectively, Schwab Advisor Providers and The Household Wealth Alliance will ship the collective capabilities of industry-wide relationships, thought management assets, and connections, together with expertise to drive progress and success for professionals and organizations targeted on ultra-high web value purchasers.

Based in 2003, The Household Wealth Alliance is a membership group that serves the household wealth neighborhood together with multifamily advisory companies, single household places of work, registered funding advisors, skilled companies companies, and specialty suppliers. FWA members obtain a personalized expertise aligned with their agency’s distinctive targets. Membership consists of entry to industry-leading analysis and academic content material, unique occasions and chief roundtables, and curated connections. FWA Founder and CEO, Tom Livergood, President, Rachel Hyman and their whole staff have joined Schwab as a part of the acquisition.

“The Household Wealth Alliance is a exceptional group that has curated a thriving member neighborhood whereas additionally making a major impression on the ultra-high web value area and the companies who serve this market,” stated Jon Beatty, Chief Working Officer, Schwab Advisor Providers . “We have now each constructed our companies by means of the eyes of our purchasers, which suggests robust alignment in the best way FWA serves its members and the way Schwab focuses on serving to advisors develop and succeed. We’re thrilled to welcome FWA to Schwab and to proceed to create distinctive experiences and supply priceless assets for household wealth companies and advisors serving ultra-high web value purchasers.”

“Becoming a member of Schwab opens an thrilling new chapter for FWA at a time when the {industry} is not only rising, but additionally evolving as new generations of personal wealth and the rising expertise who serve them come to the fore,” stated Tom Livergood, FWA Founder and CEO. “Our mixture is constructed round shared values ​​of our members, FWA, and Schwab, and fueled by the need to serve the household wealth {industry} on the highest degree. Our members stay our precedence, which is why we appeared for a long-term associate that shares our imaginative and prescient and serves and understands this market like we do. We look ahead to increasing the assets and companies we will present and to sustaining a vibrant neighborhood for many years to return.”

Monetary phrases of the transaction will not be being disclosed.

About Charles Schwab

At Charles Schwab we imagine within the energy of investing to assist people create a greater tomorrow. We have now a historical past of difficult the established order in our {industry}, innovating in ways in which profit buyers and the advisors and employers who serve them, and championing our purchasers’ targets with ardour and integrity.

Extra data is offered at www.aboutschwab.com. Observe us on TwitterFb, YouTube and LinkedIn.

About The Household Wealth Alliance

The Household Wealth Alliance connects the multifamily wealth neighborhood. We’re a number one group targeted on supporting multifamily wealth companies, resembling MFOs, exterior CIOs, high-end monetary advisory companies, established SFOs, and the household workplace practices of personal banks and legislation and accounting companies. Since 2003, our improvements, proprietary analysis and insights have touched all elements of the household wealth {industry} and made a optimistic distinction within the companies of lots of of companies. Our members make use of over 20,000 staff, serve over 25,000 North American households, advising on upwards of half a trillion {dollars} of collective belongings. Extra data is offered at www.FamilyWealthAlliance.com. Observe us on LinkedIn.

Disclosures

Via its working subsidiaries, The Charles Schwab Company (NYSE: SCHW) supplies a full vary of securities brokerage, banking, cash administration and monetary advisory companies to particular person buyers and impartial funding advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC), and associates provide an entire vary of funding companies and merchandise together with an in depth collection of mutual funds; monetary planning and funding recommendation; retirement plan and fairness compensation plan companies; compliance and commerce monitoring options; referrals to impartial fee-based funding advisors; and custodial, operational and buying and selling assist for impartial, fee-based funding advisors by means of Schwab Advisor Providers. Its banking subsidiary, Charles Schwab Financial institution (member FDIC and an Equal Housing Lender), supplies banking and lending companies and merchandise. Extra data is offered at www.schwab.com and www.aboutschwab.com.

Schwab Advisor Providers™ serves impartial funding advisors and consists of the custody, buying and selling, and assist of Schwab.

Unbiased funding advisors will not be owned by, affiliated with, or supervised by Schwab.

©2023 Charles Schwab & Co., Inc. (“Schwab”) All rights reserved. Member SIPC.

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