Charles Schwab raises $10 million minimum for tax-smart advisor strategy
Charles Schwab is restricting access to a tax-sensitive investing strategy used by registered investment advisors on Schwab’s platform. Schwab told RIAs clients will now need $10 million in assets to use the strategy.
By Andrew WelschCharles Schwab is restricting access to a popular tax-sensitive investing strategy deployed by registered investment advisors that use Schwab's trading platform and other services.The company told RIAs this week that clients will now have to have a minimum of $10 million of assets t…