Charles Schwab assets up $13B in 2008 with breakaway brokers' aid

01/23/2009 | InvestmentNews (free registration)

"Breakaway" brokers -- former full-service brokers who set up or joined registered investment adviser firms in 2008 -- helped Charles Schwab add $13 billion in assets last year. The increase was up 41% from 2007. About $5 billion of the new business came from Gurtin Fixed Income Management.

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