Schwab reaches a milestone with its homegrown trust company

10/11/2010 | InvestmentNews (free registration)

The Charles Schwab Corp.'s trust company recently reached the $1 billion mark for adviser-directed assets held in trust. Schwab executives noted that the milestone was reached less than three years after it launched its trust business. The development contrasts with the challenges Schwab faced when it tried to acquire U.S. Trust about a decade ago.

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