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

Politics and policy

House backs an emergency brake on elder fraud

The U.S. House bill aimed at protecting investors 65 or older or those who have a mental or physical impairment from fraud, has bipartisan support.

By Zoe Sagalow
Reporter

June 26
Continuing education

Earn CE credit with Financial Planning's June quiz

Subscribers can stay up to date on key industry issues while earning one hour of continuing education credit toward maintaining professional certification.

By Editorial Staff

June 26
Practice and client management

5 things financial therapists want every advisor to know

Financial therapy helps people analyze thoughts, feelings and limiting beliefs surrounding money. Therapists shared what they want advisors to know about approaching client relationships.

By Kathryn Miller
Reporter

June 26
Wealth management

Advisors' reliance on model portfolios nears the $1T mark, Morningstar finds

Although low-cost ETFs remain the most common component of model portfolios built by BlackRock and other third parties, private credit, equity and other alternatives are gaining ground.

By Dan Shaw
Reporter

June 26
Practice and client management

Should advisors even care if SEC green-lights semiannual reporting?

Whether advisors choose individual stocks or not, the SEC's proposal to allow semiannual reporting rather than quarterly could impact clients' portfolios.

By Zoe Sagalow
Reporter

June 26
Fintech

Edward Jones invests in Quicken to modernize and attract younger clients

The deal between Edward Jones and Quicken is expected to appeal to next-generation clients as they begin accumulating wealth.

By Grace L. Williams
Reporter

June 25

Load More