Charles Schwab Acquires Family Wealth Alliance


February 1, 2023

On January 24, 2023, The Charles Schwab Corporation announced the acquisition of The Family Wealth Alliance.

Pursuant to the agreement, The Charles Schwab Corporation (“Schwab”) has acquired The Family Wealth Alliance (“FWA”). Terms of the agreement were not disclosed.

Schwab (NYSE: SCHW), based in Westlake, Texas, is a financial services company. As of November, 2022, Schwab had $7.32 trillion in client assets under management.

FWA, based in Chicago, serves the wealth management industry. FWA members collectively manage over half a trillion in client assets.

To read the press release: please click here.

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