Charles Schwab Corp. is focusing on expanding its alternative investment offerings to financial advisers, reported Investment News.
Currently, 37 percent of financial advisors working with Schwab use alternatives, managing $58 billion in alternative assets. This strategy aligns with similar moves by competitors like LPL Financial Holdings to attract more advisors by bolstering their alternative investment capabilities.
Schwab plans to fully launch its expanded alternatives offering to retail clients in the first half of the year.
