Advisers receive duplicates of any materials we send to their clients, for example. We keep hearing that there will be some kind of mutiny against Schwab, yet their assets are really growing. They have to be dedicated to working with advisers. Once a client is established with a broker it isn't easy for an adviser to pick up and move the client's account. Well, this issue is consolidation.
Advisers provide value to their clients in a number of ways.
Not every adviser is going to compete with every large firm. Smaller advisers can tailor their services to their specific clients' needs. Our business is working with independent advisers. We support independent advisers with a service platform dedicated to their needs and with technology designed to work with their types of business. We have the largest list of mutual funds available.