Schwab Advisor Services Leaders and Independent Advisors Advocate for RIA Industry on Capitol Hill

Discussion topics include fiduciary standards, cybersecurity, and advisor exams

WASHINGTON--(BUSINESS WIRE)-- Schwab Advisor Services leaders are in Washington today for the Investment Adviser Association’s (IAA) Annual Lobbying Day. The Schwab contingent, led by Bernie Clark, executive vice president and head of Schwab Advisor Services, and Nick Georgis, senior vice president, business consulting services, Schwab Advisor Services, will be joined by four independent registered investment advisors (RIAs) who custody client assets with Schwab. The group will meet with members of Congress to provide a firsthand account of the important role of RIAs for individual investors and to shine a light on the issues that directly impact RIAs and their clients. Discussion topics will include advisor exams, fiduciary standards, and cybersecurity. Schwab is also a sponsor for this year’s IAA event, which is celebrating its 10th year and will include a special welcome reception and dinner as part of the program.

“Advocacy is about using your voice and influence to shape issues and build relationships with decision makers, and Schwab is proud to be a strong advocate on behalf of independent advisors and their clients on Capitol Hill,” said Clark. “We firmly believe in the independent advice model and the benefits it provides to investors and advisors. We are committed to actively working with lawmakers and regulators to ensure that the legislative and regulatory landscape supports the ongoing growth and success of independent advice.”

Also joining the Lobbying Day contingent are members of Schwab’s Legislative and Regulatory Affairs team: Jeff Brown, senior vice president, and Michael Townsend, vice president.

As the largest custodian for independent advisors, Schwab offers a broad range of resources and support for independent advisors, including its participation in the annual IAA Lobbying Day. Other Schwab initiatives to build awareness for and support of independent advisors include:

• Find Your Independent Advisor – A national advertising campaign to advocate for independent financial advisors and raise awareness of the benefits of independent advice among high net worth investors.
• Sponsorship of the CFP Board and iRelaunch’s Financial Planning Re-entry Initiative, a program designed to help professional women re-enter the workforce in the financial planning industry.
• Support for the second year of the Texas Tech University Financial Planning Academy, a summer program for high school students to generate awareness and interest in careers in financial planning.
• The Schwab Cybersecurity Resource Center, a suite of tools and resources for advisors to build and strengthen their cybersecurity program.

For more information on Schwab’s advocacy efforts for independent advisors, please visit the advocacy page.

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.

More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube, and LinkedIn.

Disclosures

Through its operating subsidiaries, The Charles Schwab Corporation (NYSE:SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support of Schwab.

Independent investment advisors and Schwab are independent of each other and are not affiliated with, sponsored by, endorsed by, or supervised by each other. For informational purposes only.

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Schwab Corporate Public Relations

Meredith Richard, 646-343-7419

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Mayrav Weiss, 718-801-8864

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Source: The Charles Schwab Corporation