Schwab enters Canada

Published December 21, 1998, 1:00 a.m. EST

1 Min Read

Charles Schwab has gained a foothold in the Canadian market. Schwab announced Dec. 14 it has acquired privately-owned Priority Brokerage and Porthmeor Securities, both of Toronto. Paul Bates, president and ceo of the two widely held firms, will stay on as president and ceo of the combined firm, to be renamed Charles Schwab Canada. David Pottruck, president and ceo of the San Francisco based parent, said Canada is an established market that represents immediate and long term opportunities for Schwab. The acquisition, for an undisclosed price, is subject to regulatory approval.

Processing Content

For reprint and licensing requests for this article, click here.

Money Management Executive

MORE FROM FINANCIAL PLANNING

Practice and client management

Stubborn inflation drives advisors to raise fees

For advisors like Chris Diodato of WELLth Financial Planning, everything from insurance to industry software is costing more these days.

By Dan Shaw
Reporter

April 10
Ask an Advisor

Ask an Advisor: What questions lead to client breakthroughs?

It can be hard for advisors to fully understand what clients and prospects truly want. The right questions can uncover not just financial blind spots, but the fears, priorities and assumptions behind their decisions.

By Cat Auer
Managing Editor

April 10
Know Your Niche

The advisor turning matcha and pilates into an influencer niche

Natasha Howe's friends were blowing up the internet as influencers, but they needed a financial advisor who could help get their financial lives in order. She now has a growing niche.

By Brian Wallheimer
Editor-in-chief

April 10
Digital Assets

'Watershed moment': Morgan Stanley enters bitcoin ETF race

The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.

By Penny Crosman
Executive Editor, Technology at Arizent

April 9
Tax

Locked into concentrated capital gains? Exchange funds could help

Exchange funds could help address some wealthy clients' concentration risks and tax quandaries at the same time.

By Tobias Salinger
Chief Correspondent

April 9
Industry News

Merrill underlines recruiting ambitions with $2.2B advisor pulled from JPMorgan

The addition of Peter Laidlaw to Merrill's offices in San Francisco comes as firm executives aim to engage in "more aggressive recruiting."

By Staff report

April 9

Load More