Charles Schwab announced on November 22, 2024, that it is evaluating whether to raise fees for independent Registered Investment Advisors (RIAs) participating in its client referral program. This consideration follows a long period without changes to the program's fee structure.
A company representative confirmed the evaluation, which could impact the cost for advisors to receive client referrals through Schwab's network. The referral program is a key component of Schwab's Advisor Services segment.
Any adjustments to the fee structure could influence the profitability for participating RIAs and potentially affect the dynamics of Schwab's advisor relationships.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.