Schwab custodial-unit head intends to maintain the lead position

11/2/2010 | InvestmentNews (free registration)

Charles Schwab's Advisor Services division dominates the custodial sector with a market share that is more than double that of its nearest rival. Bernie Clark, head of the Schwab custodial unit, intends to keep the division on top by continuing to innovate and enhance services. "We're not going into a prevent defense," Mr. Clark said. "We want to be the primary custodian for advisers."

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