Corporate & Securities Law

Schwab Adviser Services is eliminating fees on a database that helps advisers sell and buy other firms, a move that's part of a broader effort to enhance its business consulting services for independents.  In addition to eliminating fees tied to that database service,  Schwab also announced it added a scorecard that lets advisers measure and track whether their employees are using Schwab online tools.  Schwab also said it is now giving advisers preferred pricing on its Client Audit: Enterprise product, which helps advisers identify referral opportunities and measure client loyalty.

Meanwhile, Fidelity has slashed custodial prices and fees.  In a move designed to capture business from RIAs looking to switch custodians, Fidelity Investments is initiating a sweeping series of price reductions for fees, services and products associated with its custodial service platform.

Source:  FinancialAdvisor Magazine