Portfolio

Schwab Advisor Services™ Expands Ability For Matchmaking Between Advisor Firms

There are more than 1,000 firms currently on the platform, and they have exchanged more than 11,000 messages since the original launch

November 02, 2022 10:30 AM Eastern Daylight Time–WESTLAKE, Texas–(BUSINESS WIRE)–Schwab Advisor Services is expanding its RIAConnect® platform to provide greater support to firms who custody with both Schwab and TD Ameritrade (TDA) to make the right connections with each other and with prospective talent.

The online community and matching tool, which originated as a TDA initiative, connects firms and advisors on topics related to M&A, talent and succession planning.

“We hear consistently from advisors that connecting with new talent, scaling for growth, and solidifying succession plans are top priorities, platforms like RIAConnect are more valuable than ever,” said Lisa Salvi, Managing Director of Business Consulting and Education at Schwab Advisor Services.

“Expanding the platform to include advisors who custody with Schwab and with TD Ameritrade increases the likelihood that firms exploring M&A and succession opportunities can find their perfect match.”

The enhanced platform leverages a proprietary algorithm designed to match firms with mutual goals or needs. Firms can connect anonymously online to pursue strategic relationships narrowed down through a filtered search by factors like firm culture, growth projections, and investment management approaches.

Another important enhancement is that prospective talent can now leverage the platform to explore career opportunities through an external link, making it easier for firms and job seekers to find the right fit.

A Compliment To RIAConnect

As a complement to RIAConnect, the Schwab Affinity Services program provides firms with access to a collection of curated third-party providers at preferred pricing that cover talent, M&A, and succession planning capabilities offered through the platform.

Advisors can access RIAConnect by visiting the Schwab Advisor Center or Veo One. Individuals interested in a career in the RIA industry are invited to create a profile at: schwabriaconnect.com. Advisors are also invited to learn more about the platform at Schwab’s 2022 IMPACT Conference by visiting our booth in the Exchange.

 

 

 

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