Schwab Institutional, the subsidiary of Charles Schwab Corp., has tapped one of its own, Fred Petrino, to serve as a business development officer.

Based in Chicago, Petrino will help hook affluent investors up with independent advisors that have membership in the Schwab Advisor Network program. The program, according to the company, is "an exclusive service designed to connect investors with independent advisors who have undergone a due diligence review and meet certain defined qualifications."

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