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0 0 -0.00363306085376922 -0.000302755071147381 -0.00181653042688472 0 -0.000302755071147381 -0.00090826521344236
Stock impact report

Schwab Completes Acquisition of Wasmer, Schroeder & Company, LLC

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (“Schwab”) today announced that it has completed its asset acquisition of Wasmer, Schroeder & Company, LLC (“Wasmer Schroeder”). Wasmer Schroeder is a leading independent investment manager of fixed income separately managed accounts with $10.7 billion in assets under management1.Wasmer Schroeder’s comprehensive lineup of tax exempt and taxable strategies will complement Schwab’s existing fixed income capabilities. The acquisition enables the growth of Schwab’s fixed income separately managed account business, and will help Schwab meet increasing client demand for income in retirement. Additionally, Schwab has hired nearly all of the Wasmer Schroeder team.Financial terms of the transaction are not being disclosed.About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 360 offices and 14.0 million active brokerage accounts, 1.7 million corporate retire Show less Read more
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