Friday, January 12, 2007

 

Schwab to Stake Brokers Becoming Advisors

Charles Schwab & Co. Inc. will finance costs stockbrokers incur in becoming independent financial advisers in 11 states including New York and Illinois, the company announced today.

The San Francisco-based broker will make loans with a $100,000 minimum to finance furnishing an office, buying technology and to cover working capital requirements during the firm's first year.

Schwab to Stake Brokers Becoming Advisors
Source: Investment News (subscription required)

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