Charles Schwab offers be-an-adviser loans to brokers

01/12/2007 | InvestmentNews (free registration)

Charles Schwab & Co. says it will back the costs for brokers who make the transition to advisers. Schwab will offer loans with a $100,000 minimum to acquire office space, buy computers and provide working capital. The five-year loans will be available to advisers with at least $75 million of assets under management.

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