WASHINGTON - Advisors will need a different service model for the future, Bernie Clark, executive vice president of Charles Schwab and head of Schwab Advisor Services, told more than 1,800 independent registered investment advisors Monday at the financial service giant's annual Impact conference in Washington, D.C.

The new model has to be able to serve clients "any time, any place and anyhow," Clark said. In order to see “your future clients, your future firm, your future industry,” firms must clearly envision what tomorrow will look like and act today to shape and prepare for it, Clark told the advisors.

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