Schwab ends custody of alternative investments
Concerned about liability related to hedge funds, Schwab is telling registered investment advisers that it will no longer accept custody of alternative assets.
The Charles Schwab Corp., concerned about liability related to hedge funds, is telling registered investment advisers that it will no longer accept custody of alternative assets.
In calls to selected RIAs and in a notice on its Schwab Advisor Services website, the company said it has immediately st
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