• Sat. May 8th, 2021

Schwab Completes Acquisition of Wasmer, Schroeder & Company, LLC

Schwab Completes Acquisition of Wasmer, Schroeder & Company, LLC

SAN FRANCISCO, CA (STL.News) The Charles Schwab Corporation (“Schwab”) today announced that it has completed its asset acquisition of Wasmer, Schroeder & Company, LLC (“Wasmer Schroeder”).  Wasmer Schroeder is a leading independent investment manager of fixed income separately managed accounts with $10.7 billion in assets under management.

Wasmer Schroeder’s comprehensive lineup of tax exempt and taxable strategies will complement Schwab’s existing fixed income capabilities.  The acquisition enables the growth of Schwab’s fixed income separately managed account business, and will help Schwab meet increasing client demand for income in retirement.  Additionally, Schwab has hired nearly all of the Wasmer Schroeder team.

Financial terms of the transaction are not being disclosed.

Marty Smith

Marty Smith

Marty Smith is the acting Editor in Chief as well as the founder of STL.News, DirectSourceNews.org, and St. Louis Restaurant Review. Additionally, Smith is the IT Manager responsible for STL.News and affiliate sites. Smith has created multiple aggregator sites to manage the large amount of content used to select which content to published on STL.News. As Editor in Chief, Smith is responsible for the content posted on the network with the help of the publishing team, which is located around the globe.