Charles Schwab Corporation to Acquire Assets of USAA’s Investment Management Company

Posted on 07/26/2019

The Charles Schwab Corporation announced that it has entered into a definitive agreement to acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts for US$ 1.8 billion in cash. The companies have also agreed to enter into a long-term referral agreement, effective at closing of the acquisition, that would make Schwab […]

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